Oregon Public Employees Retirement Fund Increases Stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Oregon Public Employees Retirement Fund increased its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 12.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,258 shares of the savings and loans company’s stock after acquiring an additional 1,000 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Dime Community Bancshares were worth $285,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DCOM. KBC Group NV boosted 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 valued at $83,000 after acquiring an additional 909 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Dime Community Bancshares during the fourth quarter valued at about $92,000. GAMMA Investing LLC boosted its holdings 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 buying an additional 512 shares in the last quarter. Quest Partners LLC grew its position in shares of 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 worth $155,000 after buying an additional 465 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Dime Community Bancshares by 31.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,305 shares of the savings and loans company’s stock worth $182,000 after acquiring an additional 1,500 shares in the last quarter. 75.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Raymond A. Nielsen sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $31.25, for a total value of $93,750.00. Following the completion of the sale, the director now directly owns 41,185 shares in the company, valued at $1,287,031.25. The trade was a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Basswood Capital Management, L bought 1,043 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were acquired at an average price of $31.23 per share, for a total transaction of $32,572.89. Following the transaction, the director now directly owns 1,043 shares in the company, valued at approximately $32,572.89. This represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 14,815 shares of company stock valued at $471,498. 9.10% of the stock is owned by company insiders.

Dime Community Bancshares Trading Up 1.6 %

Dime Community Bancshares stock opened at $31.00 on Monday. The firm has a market cap of $1.35 billion, a PE ratio of 52.54 and a beta of 1.05. Dime Community Bancshares, Inc. has a 12 month low of $17.29 and a 12 month high of $37.60. The stock’s 50 day simple moving average is $31.28 and its two-hundred day simple moving average is $30.50. 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 announced its quarterly earnings results 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 return on equity of 5.43% and a net margin of 4.50%. Analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 17th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.23%. Dime Community Bancshares’s dividend payout ratio is presently 169.49%.

Analysts Set New Price Targets

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

Dime Community Bancshares Company 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.