Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $258,000 Stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,386 shares of the savings and loans company’s stock after acquiring an additional 855 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Dime Community Bancshares were worth $258,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Quest Partners LLC raised its position in Dime Community Bancshares by 9.4% in the 3rd quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company’s stock valued at $155,000 after purchasing an additional 465 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Dime Community Bancshares by 17.4% in the fourth quarter. GAMMA Investing LLC now owns 3,448 shares of the savings and loans company’s stock valued at $106,000 after buying an additional 512 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Dime Community Bancshares by 58.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,782 shares of the savings and loans company’s stock valued at $55,000 after buying an additional 654 shares during the last quarter. KBC Group NV lifted its position in Dime Community Bancshares by 50.8% during the 4th quarter. KBC Group NV now owns 2,697 shares of the savings and loans company’s stock worth $83,000 after buying an additional 909 shares in the last quarter. Finally, Amalgamated Bank grew its holdings in Dime Community Bancshares by 9.4% during the 4th quarter. Amalgamated Bank now owns 11,395 shares of the savings and loans company’s stock worth $350,000 after acquiring an additional 978 shares during the last quarter. 75.27% of the stock is currently owned by institutional investors.

Dime Community Bancshares Stock Up 0.1 %

Shares of NASDAQ DCOM opened at $28.23 on Friday. Dime Community Bancshares, Inc. has a 1 year low of $17.49 and a 1 year high of $37.60. The firm’s 50-day moving average is $30.26 and its 200-day moving average is $30.90. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $1.23 billion, a PE ratio of 47.85 and a beta of 1.04.

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

Dime Community Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 17th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.54%. Dime Community Bancshares’s dividend payout ratio is presently 169.49%.

Insider Buying and Selling at Dime Community Bancshares

In related news, Director Raymond A. Nielsen sold 3,000 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $31.25, for a total value of $93,750.00. Following the sale, the director now directly owns 41,185 shares in the company, valued at $1,287,031.25. This trade represents a 6.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Basswood Capital Management, L sold 9,815 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $31.20, for a total transaction of $306,228.00. Following the transaction, the director now owns 37,147 shares of the company’s stock, valued at approximately $1,158,986.40. This represents a 20.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 1,729 shares of company stock valued at $48,021. 9.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DCOM has been the subject of a number of research analyst reports. Piper Sandler raised shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $36.00 to $38.00 in a research note 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 report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Dime Community Bancshares has an average rating of “Moderate Buy” and a consensus price target of $38.50.

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.