Parkside Financial Bank & Trust Acquires 654 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Parkside Financial Bank & Trust boosted its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 58.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,782 shares of the savings and loans company’s stock after purchasing an additional 654 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Dime Community Bancshares were worth $55,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Stieven Capital Advisors L.P. grew its position in shares of Dime Community Bancshares by 86.3% during the fourth quarter. Stieven Capital Advisors L.P. now owns 620,155 shares of the savings and loans company’s stock valued at $19,060,000 after purchasing an additional 287,195 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Dime Community Bancshares by 120.9% during the third quarter. The Manufacturers Life Insurance Company now owns 480,944 shares of the savings and loans company’s stock valued at $13,851,000 after buying an additional 263,225 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Dime Community Bancshares by 433.6% during the 4th quarter. New York State Common Retirement Fund now owns 277,168 shares of the savings and loans company’s stock valued at $8,519,000 after buying an additional 225,227 shares in the last quarter. Royce & Associates LP increased its stake in Dime Community Bancshares by 47.4% in the 3rd quarter. Royce & Associates LP now owns 503,653 shares of the savings and loans company’s stock worth $14,505,000 after acquiring an additional 162,004 shares during the last quarter. Finally, Systematic Financial Management LP raised its holdings in shares of Dime Community Bancshares by 15.1% during the 3rd quarter. Systematic Financial Management LP now owns 1,090,834 shares of the savings and loans company’s stock worth $31,416,000 after acquiring an additional 143,402 shares in the last quarter. Institutional investors own 75.27% of the company’s stock.

Insider Activity

In related news, CTO Michael Fegan sold 2,000 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $35.76, for a total transaction of $71,520.00. Following the completion of the transaction, the chief technology officer now owns 20,155 shares in the company, valued at $720,742.80. The trade was a 9.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Raymond A. Nielsen sold 3,000 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $31.25, for a total value of $93,750.00. Following the completion of the sale, the director now owns 41,185 shares in the company, valued at approximately $1,287,031.25. The trade was a 6.79 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,815 shares of company stock valued at $471,498. 9.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Piper Sandler raised shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and raised their target price for the company from $36.00 to $38.00 in a report on Thursday, January 23rd. Keefe, Bruyette & Woods dropped their price objective on shares of Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Finally, Stephens upgraded shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $30.00 to $39.00 in a report on Monday, November 18th. One analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.40.

Dime Community Bancshares Stock Down 2.1 %

Shares of DCOM opened at $30.34 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.69. The business has a fifty day moving average of $31.26 and a 200 day moving average of $30.55. The company has a market cap of $1.32 billion, a PE ratio of 51.42 and a beta of 1.05. Dime Community Bancshares, Inc. has a 52-week low of $17.29 and a 52-week high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM) last released its earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). Dime Community Bancshares had a return on equity of 5.43% and a net margin of 4.50%. On average, sell-side analysts expect that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.30%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 169.49%.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans.