Amundi Acquires 14,002 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Amundi increased its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 239.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,858 shares of the savings and loans company’s stock after buying an additional 14,002 shares during the period. Amundi’s holdings in Dime Community Bancshares were worth $622,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Quest Partners LLC raised its position in shares of Dime Community Bancshares by 9.4% during the 3rd quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company’s stock valued at $155,000 after buying an additional 465 shares in the last quarter. GAMMA Investing LLC lifted its stake in 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 worth $106,000 after acquiring an additional 512 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Dime Community Bancshares by 58.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,782 shares of the savings and loans company’s stock valued at $55,000 after purchasing 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. Finally, Amalgamated Bank lifted its position in Dime Community Bancshares by 9.4% during the fourth quarter. Amalgamated Bank now owns 11,395 shares of the savings and loans company’s stock valued at $350,000 after buying an additional 978 shares during the period. Institutional investors own 75.27% of the company’s stock.

Insider Buying and Selling at Dime Community Bancshares

In other news, Director Basswood Capital Management, L sold 9,815 shares of Dime Community Bancshares 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 completion of the sale, the director now owns 37,147 shares of the company’s stock, valued at approximately $1,158,986.40. The trade was a 20.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Raymond A. Nielsen sold 3,000 shares of the stock in a transaction 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders have bought 1,729 shares of company stock worth $48,021 over the last quarter. Insiders own 9.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods reduced 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 Dime Community Bancshares from a “neutral” rating to an “overweight” rating and increased their target price for the company from $36.00 to $38.00 in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $38.50.

Dime Community Bancshares Trading Down 0.5 %

Shares of DCOM stock opened at $28.24 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.03 and a current ratio of 1.03. Dime Community Bancshares, Inc. has a 52-week low of $17.49 and a 52-week high of $37.60. The stock has a fifty day simple moving average of $30.53 and a two-hundred day simple moving average of $30.80. The firm has a market capitalization of $1.23 billion, a PE ratio of 47.87 and a beta of 1.04.

Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results 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 return on equity of 5.43% and a net margin of 4.50%. On average, analysts predict that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

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.