Jane Street Group LLC Sells 18,632 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Jane Street Group LLC trimmed its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 36.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,903 shares of the savings and loans company’s stock after selling 18,632 shares during the quarter. Jane Street Group LLC’s holdings in Dime Community Bancshares were worth $948,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Kimelman & Baird LLC acquired a new position in shares of Dime Community Bancshares in the second quarter valued at approximately $56,000. GAMMA Investing LLC lifted its position in Dime Community Bancshares by 30.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company’s stock valued at $85,000 after acquiring an additional 685 shares in the last quarter. Quest Partners LLC acquired a new position in Dime Community Bancshares in the 2nd quarter worth $101,000. Nisa Investment Advisors LLC increased its holdings in 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 purchasing an additional 1,500 shares in the last quarter. Finally, Denali Advisors LLC acquired a new stake in shares of Dime Community Bancshares in the 2nd quarter valued at about $235,000. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DCOM. Keefe, Bruyette & Woods upped their price objective on Dime Community Bancshares from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Stephens raised Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $30.00 to $39.00 in a research report on Monday, November 18th. Raymond James lifted their price objective on shares of Dime Community Bancshares from $35.00 to $36.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, StockNews.com cut shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.20.

Dime Community Bancshares Stock Up 0.3 %

DCOM stock opened at $30.74 on Wednesday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 20.49 and a beta of 1.03. Dime Community Bancshares, Inc. has a twelve month low of $17.29 and a twelve month high of $37.60. The business has a 50 day moving average price of $33.28 and a two-hundred day moving average price of $27.60. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Tuesday, October 22nd. The savings and loans company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.12). The company had revenue of $171.87 million during the quarter, compared to analyst estimates of $86.65 million. Dime Community Bancshares had a net margin of 9.65% and a return on equity of 5.58%. During the same period in the previous year, the company posted $0.56 EPS. Analysts anticipate that Dime Community Bancshares, Inc. will post 1.49 EPS for the current fiscal year.

Dime Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 17th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Friday, January 17th. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 66.67%.

Insider Transactions at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L purchased 29,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average price of $32.00 per share, for a total transaction of $928,000.00. Following the purchase, the director now owns 1,044,221 shares in the company, valued at approximately $33,415,072. The trade was a 2.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Michael Fegan sold 2,000 shares of Dime Community Bancshares stock in a transaction on Monday, December 9th. The stock was sold at an average price of $35.76, for a total transaction of $71,520.00. Following the transaction, the chief technology officer now directly owns 20,155 shares of the company’s stock, valued at approximately $720,742.80. This trade represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.10% of the stock is owned by company insiders.

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.