Dime Community Bancshares, Inc. $DCOM Shares Acquired by UBS Group AG

UBS Group AG increased its stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 17.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 213,325 shares of the savings and loans company’s stock after purchasing an additional 31,968 shares during the quarter. UBS Group AG owned about 0.49% of Dime Community Bancshares worth $6,419,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. New York State Common Retirement Fund lifted its holdings in Dime Community Bancshares by 15.6% in the third quarter. New York State Common Retirement Fund now owns 350,807 shares of the savings and loans company’s stock worth $10,465,000 after purchasing an additional 47,338 shares during the period. Sovran Advisors LLC acquired a new stake in Dime Community Bancshares in the fourth quarter worth about $1,065,000. Penn Capital Management Company LLC lifted its holdings in Dime Community Bancshares by 20.3% in the third quarter. Penn Capital Management Company LLC now owns 584,810 shares of the savings and loans company’s stock worth $17,487,000 after purchasing an additional 98,736 shares during the period. Gator Capital Management LLC lifted its holdings in Dime Community Bancshares by 16.9% in the third quarter. Gator Capital Management LLC now owns 109,230 shares of the savings and loans company’s stock worth $3,258,000 after purchasing an additional 15,792 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Dime Community Bancshares by 12.2% in the third quarter. JPMorgan Chase & Co. now owns 157,812 shares of the savings and loans company’s stock worth $4,708,000 after purchasing an additional 17,129 shares during the period. Institutional investors and hedge funds own 75.27% of the company’s stock.

Dime Community Bancshares Price Performance

Shares of NASDAQ DCOM opened at $35.76 on Wednesday. Dime Community Bancshares, Inc. has a twelve month low of $24.57 and a twelve month high of $37.90. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 15.15 and a beta of 1.00. The firm has a 50-day moving average of $34.85 and a two-hundred day moving average of $32.32.

Dime Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 17th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 17th. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. Dime Community Bancshares’s dividend payout ratio is currently 37.59%.

Insider Buying and Selling

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 1,650 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $37.09, for a total transaction of $61,198.50. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 7.40% of the company’s stock.

Wall Street Analyst Weigh In

DCOM has been the subject of a number of research analyst reports. 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. Weiss Ratings raised shares of Dime Community Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 9th. Piper Sandler initiated coverage on shares of Dime Community Bancshares in a report on Monday, March 16th. They issued an “overweight” rating and a $37.00 price target for the company. Wall Street Zen downgraded shares of Dime Community Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Dime Community Bancshares from $40.00 to $43.00 and gave the company an “outperform” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Dime Community Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $39.75.

Dime Community Bancshares Company Profile

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.