Raymond James Financial Inc. Purchases New Shares in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Raymond James Financial Inc. acquired a new stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 157,794 shares of the savings and loans company’s stock, valued at approximately $4,850,000.

Several other institutional investors and hedge funds have also recently modified their holdings of DCOM. Parkside Financial Bank & Trust raised its stake in 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 worth $55,000 after buying an additional 654 shares in the last quarter. KBC Group NV grew its holdings in shares of 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 acquiring an additional 909 shares during the period. USA Financial Formulas bought a new position in shares of Dime Community Bancshares in the 4th quarter worth approximately $92,000. GAMMA Investing LLC lifted its stake in shares of Dime Community Bancshares by 17.4% in the 4th quarter. GAMMA Investing LLC now owns 3,448 shares of the savings and loans company’s stock valued at $106,000 after purchasing an additional 512 shares during the period. Finally, Quest Partners LLC boosted its position in shares of Dime Community Bancshares by 9.4% during the third 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 in the last quarter. 75.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dime Community Bancshares

In related news, Director Basswood Capital Management, L purchased 1,043 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of $31.23 per share, with a total value of $32,572.89. Following the acquisition, the director now directly owns 1,043 shares in the company, valued at $32,572.89. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raymond A. Nielsen sold 3,000 shares of Dime Community Bancshares stock in a transaction that occurred on 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 directly owns 41,185 shares of the company’s stock, valued at approximately $1,287,031.25. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have acquired 1,729 shares of company stock worth $48,021. Insiders own 9.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. Keefe, Bruyette & Woods lowered their price objective on 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. Piper Sandler raised shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $36.00 to $38.00 in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Dime Community Bancshares has an average rating of “Moderate Buy” and a consensus target price of $38.50.

Dime Community Bancshares Trading Down 1.4 %

Dime Community Bancshares stock opened at $28.26 on Wednesday. Dime Community Bancshares, Inc. has a 12 month low of $17.49 and a 12 month high of $37.60. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 47.90 and a beta of 1.04. The business’s fifty day simple moving average is $30.42 and its two-hundred day simple moving average is $30.93. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.69.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share 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%. As a group, equities analysts predict that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares 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.