KBC Group NV Has $83,000 Holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

KBC Group NV boosted its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 50.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,697 shares of the savings and loans company’s stock after purchasing an additional 909 shares during the period. KBC Group NV’s holdings in Dime Community Bancshares were worth $83,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DCOM. GAMMA Investing LLC grew its stake in Dime Community Bancshares by 30.4% during the third quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company’s stock worth $85,000 after buying an additional 685 shares in the last quarter. Creative Planning bought a new position in shares of Dime Community Bancshares in the third quarter worth about $243,000. Vontobel Holding Ltd. bought a new position in shares of Dime Community Bancshares in the third quarter worth about $235,000. Nisa Investment Advisors LLC lifted its holdings in shares of Dime Community Bancshares by 31.2% in the third 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 during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Dime Community Bancshares by 15.8% in the third quarter. Victory Capital Management Inc. now owns 53,276 shares of the savings and loans company’s stock worth $1,534,000 after acquiring an additional 7,276 shares during the last quarter. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dime Community Bancshares

In other news, CTO Michael Fegan sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $35.76, for a total transaction of $71,520.00. Following the completion of the sale, the chief technology officer now owns 20,155 shares of the company’s stock, valued at $720,742.80. This trade represents a 9.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Basswood Capital Management, L purchased 1,043 shares of Dime Community Bancshares stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average cost of $31.23 per share, with a total value of $32,572.89. Following the transaction, the director now owns 1,043 shares in the company, valued at $32,572.89. This trade represents a ? increase in their position. The disclosure for this purchase can be found here. Insiders own 9.10% of the company’s stock.

Dime Community Bancshares Stock Down 3.4 %

Dime Community Bancshares stock opened at $32.74 on Monday. 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 $17.29 and a 52-week high of $37.60. The firm has a 50 day moving average price of $32.27 and a two-hundred day moving average price of $29.63. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 55.49 and a beta of 1.05.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). Dime Community Bancshares had a return on equity of 5.43% and a net margin of 4.50%. Equities analysts predict that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 17th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 3.05%. Dime Community Bancshares’s payout ratio is 169.49%.

Wall Street Analyst Weigh In

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

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.