Gator Capital Management LLC Has $2.87 Million Position in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Gator Capital Management LLC decreased its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 34.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 93,438 shares of the savings and loans company’s stock after selling 48,197 shares during the period. Dime Community Bancshares makes up about 1.1% of Gator Capital Management LLC’s portfolio, making the stock its 29th biggest holding. Gator Capital Management LLC’s holdings in Dime Community Bancshares were worth $2,872,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Dime Community Bancshares by 10.3% in the fourth quarter. Vanguard Group Inc. now owns 2,739,614 shares of the savings and loans company’s stock worth $84,202,000 after acquiring an additional 256,466 shares during the last quarter. Wellington Management Group LLP bought a new position in Dime Community Bancshares in the 4th quarter valued at approximately $39,073,000. Geode Capital Management LLC boosted its position in Dime Community Bancshares by 5.0% in the fourth quarter. Geode Capital Management LLC now owns 902,619 shares of the savings and loans company’s stock valued at $27,748,000 after buying an additional 42,610 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Dime Community Bancshares by 5.5% during the fourth quarter. American Century Companies Inc. now owns 759,241 shares of the savings and loans company’s stock worth $23,335,000 after buying an additional 39,686 shares during the last quarter. Finally, Stieven Capital Advisors L.P. increased its holdings in shares of Dime Community Bancshares by 86.3% during the fourth quarter. Stieven Capital Advisors L.P. now owns 620,155 shares of the savings and loans company’s stock worth $19,060,000 after buying an additional 287,195 shares in the last quarter. 75.27% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Raymond A. Nielsen sold 3,000 shares of the stock in a transaction on Friday, February 21st. The shares were 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 in the company, valued at $1,287,031.25. This represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Basswood Capital Management, L bought 1,043 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average price of $31.23 per share, for a total transaction of $32,572.89. Following the acquisition, the director now owns 1,043 shares of the company’s stock, valued at $32,572.89. This trade represents a ? increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 1,729 shares of company stock worth $48,021. 9.10% of the stock is currently owned by insiders.

Dime Community Bancshares Stock Performance

NASDAQ DCOM opened at $25.17 on Friday. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 42.66 and a beta of 0.96. Dime Community Bancshares, Inc. has a twelve month low of $17.49 and a twelve month high of $37.60. The stock has a fifty day simple moving average of $29.73 and a 200 day simple moving average of $31.00. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.69.

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

Dime Community Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 17th will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 3.97%. Dime Community Bancshares’s payout ratio is 169.49%.

Analysts Set New Price Targets

A number of equities 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 on the stock in a research report on Friday, January 24th. Piper Sandler upgraded Dime Community Bancshares from a “neutral” rating to an “overweight” rating and boosted their price target for the stock 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 assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.50.

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.