Systematic Financial Management LP Trims Stock Holdings in Dime Community Bancshares, Inc. $DCOM

Systematic Financial Management LP lowered its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 2.8% in the first quarter, HoldingsChannel.com reports. The fund owned 1,210,483 shares of the savings and loans company’s stock after selling 34,803 shares during the quarter. Systematic Financial Management LP’s holdings in Dime Community Bancshares were worth $40,939,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in DCOM. Hilton Head Capital Partners LLC increased its holdings in Dime Community Bancshares by 54.5% in the 1st quarter. Hilton Head Capital Partners LLC now owns 1,452 shares of the savings and loans company’s stock worth $49,000 after buying an additional 512 shares during the period. Illinois Municipal Retirement Fund lifted its stake in Dime Community Bancshares by 3.3% during the 1st quarter. Illinois Municipal Retirement Fund now owns 21,219 shares of the savings and loans company’s stock valued at $718,000 after acquiring an additional 683 shares during the period. Orion Porfolio Solutions LLC lifted its stake in Dime Community Bancshares by 3.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 25,961 shares of the savings and loans company’s stock valued at $699,000 after acquiring an additional 819 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Dime Community Bancshares by 742.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company’s stock valued at $30,000 after acquiring an additional 884 shares during the last quarter. Finally, Gator Capital Management LLC boosted its holdings in shares of Dime Community Bancshares by 0.9% in the 4th quarter. Gator Capital Management LLC now owns 110,185 shares of the savings and loans company’s stock valued at $3,315,000 after acquiring an additional 955 shares during the last quarter. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Insider Buying and Selling at Dime Community Bancshares

In related news, Director Raymond A. Nielsen sold 1,650 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $37.09, for a total transaction of $61,198.50. Following the sale, the director directly owned 35,607 shares of the company’s stock, valued at approximately $1,320,663.63. This represents a 4.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Basswood Capital Management, L sold 32,751 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $39.02, for a total transaction of $1,277,944.02. Following the sale, the director owned 6,785 shares in the company, valued at approximately $264,750.70. This represents a 82.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 78,803 shares of company stock valued at $3,101,749. Company insiders own 7.40% of the company’s stock.

Dime Community Bancshares Trading Down 0.7%

Shares of NASDAQ:DCOM opened at $39.17 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.57. Dime Community Bancshares, Inc. has a 12-month low of $25.63 and a 12-month high of $41.62. The business has a 50 day moving average of $38.84 and a two-hundred day moving average of $35.66. The company has a market capitalization of $1.73 billion, a PE ratio of 16.60 and a beta of 0.99.

Dime Community Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, July 17th. Dime Community Bancshares’s payout ratio is currently 37.59%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Dime Community Bancshares from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. DA Davidson upped their price target on shares of Dime Community Bancshares from $39.00 to $43.00 and gave the company a “buy” rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.75.

About Dime Community Bancshares

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.