Stieven Capital Advisors L.P. Purchases 34,615 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Stieven Capital Advisors L.P. boosted its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 11.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 332,960 shares of the savings and loans company’s stock after purchasing an additional 34,615 shares during the period. Dime Community Bancshares makes up approximately 1.8% of Stieven Capital Advisors L.P.’s investment portfolio, making the stock its 23rd biggest holding. Stieven Capital Advisors L.P.’s holdings in Dime Community Bancshares were worth $9,589,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Kimelman & Baird LLC bought a new stake in Dime Community Bancshares in the second quarter worth about $56,000. GAMMA Investing LLC lifted its stake in Dime Community Bancshares by 30.4% in the third quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company’s stock worth $85,000 after purchasing an additional 685 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Dime Community Bancshares by 496.9% in the second quarter. Nisa Investment Advisors LLC now owns 4,805 shares of the savings and loans company’s stock worth $98,000 after purchasing an additional 4,000 shares during the last quarter. Quest Partners LLC bought a new stake in Dime Community Bancshares in the second quarter worth about $101,000. Finally, EMC Capital Management lifted its stake in Dime Community Bancshares by 42.2% in the first quarter. EMC Capital Management now owns 9,861 shares of the savings and loans company’s stock worth $190,000 after purchasing an additional 2,924 shares during the last quarter. Institutional investors own 75.27% of the company’s stock.

Insiders Place Their Bets

In related news, Director Basswood Capital Management, L acquired 29,000 shares of the stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average cost of $32.00 per share, for a total transaction of $928,000.00. Following the completion of the purchase, the director now owns 1,044,221 shares of the company’s stock, valued at approximately $33,415,072. This represents a 2.86 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.10% of the company’s stock.

Dime Community Bancshares Price Performance

NASDAQ DCOM opened at $33.70 on Friday. The firm’s fifty day simple moving average is $29.47 and its two-hundred day simple moving average is $24.16. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. Dime Community Bancshares, Inc. has a 12-month low of $17.29 and a 12-month high of $35.21. The firm has a market capitalization of $1.32 billion, a P/E ratio of 22.47 and a beta of 0.99.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings results on Tuesday, October 22nd. The savings and loans company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.12). Dime Community Bancshares had a return on equity of 5.58% and a net margin of 9.65%. The firm had revenue of $171.87 million during the quarter, compared to analysts’ expectations of $86.65 million. During the same period in the prior year, the firm posted $0.56 earnings per share. Analysts forecast that Dime Community Bancshares, Inc. will post 1.48 EPS for the current fiscal year.

Dime Community Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend was Thursday, October 17th. Dime Community Bancshares’s dividend payout ratio is currently 66.67%.

Analyst Ratings Changes

DCOM has been the subject of several research analyst reports. Raymond James lifted their price target on shares of Dime Community Bancshares from $35.00 to $36.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 2nd. StockNews.com downgraded shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Piper Sandler downgraded shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $23.00 to $26.00 in a research note on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Dime Community Bancshares from $25.50 to $28.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.50.

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.