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

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

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Systematic Financial Management LP boosted its stake in shares of Dime Community Bancshares by 15.1% during the third quarter. Systematic Financial Management LP now owns 1,090,834 shares of the savings and loans company’s stock valued at $31,416,000 after purchasing an additional 143,402 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Dime Community Bancshares by 1.2% during the third quarter. Geode Capital Management LLC now owns 860,009 shares of the savings and loans company’s stock worth $24,773,000 after buying an additional 9,978 shares during the period. Stieven Capital Advisors L.P. boosted its position in Dime Community Bancshares by 86.3% during the 4th 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 acquiring an additional 287,195 shares in the last quarter. Royce & Associates LP boosted its position in Dime Community Bancshares by 47.4% during the 3rd quarter. Royce & Associates LP now owns 503,653 shares of the savings and loans company’s stock valued at $14,505,000 after acquiring an additional 162,004 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Dime Community Bancshares by 120.9% in the 3rd 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 acquiring an additional 263,225 shares during the period. 75.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 3,000 shares of Dime Community Bancshares stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $31.25, for a total transaction of $93,750.00. Following the completion of the sale, the director now owns 41,185 shares of the company’s stock, valued at approximately $1,287,031.25. The trade was a 6.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Michael Fegan sold 2,000 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $35.76, for a total value of $71,520.00. Following the sale, the chief technology officer now owns 20,155 shares in the company, valued at approximately $720,742.80. The trade was a 9.03 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,815 shares of company stock valued at $471,498. Insiders own 9.10% of the company’s stock.

Dime Community Bancshares Trading Down 2.1 %

Shares of NASDAQ:DCOM opened at $30.34 on Tuesday. The business’s 50-day moving average is $31.26 and its 200 day moving average is $30.55. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.03 and a quick ratio of 1.03. Dime Community Bancshares, Inc. has a 1 year low of $17.29 and a 1 year high of $37.60. The firm has a market capitalization of $1.32 billion, a P/E ratio of 51.42 and a beta of 1.05.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data 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 net margin of 4.50% and a return on equity of 5.43%. On average, research analysts predict that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 17th were issued a $0.25 dividend. The ex-dividend date was Friday, January 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.30%. Dime Community Bancshares’s dividend payout ratio is currently 169.49%.

About Dime Community Bancshares

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.