Renaissance Technologies LLC Sells 9,461 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Renaissance Technologies LLC cut its stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM – Get Rating) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 231,804 shares of the savings and loans company’s stock after selling 9,461 shares during the period. Renaissance Technologies LLC’s holdings in Dime Community Bancshares were worth $6,787,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in DCOM. Quantbot Technologies LP bought a new stake in Dime Community Bancshares in the third quarter valued at approximately $38,000. Nisa Investment Advisors LLC boosted its holdings in Dime Community Bancshares by 103.3% in the second quarter. Nisa Investment Advisors LLC now owns 1,830 shares of the savings and loans company’s stock valued at $54,000 after acquiring an additional 930 shares during the last quarter. Point72 Hong Kong Ltd boosted its holdings in Dime Community Bancshares by 1,225.8% in the first quarter. Point72 Hong Kong Ltd now owns 1,750 shares of the savings and loans company’s stock valued at $60,000 after acquiring an additional 1,618 shares during the last quarter. FMR LLC boosted its holdings in Dime Community Bancshares by 10.1% in the second quarter. FMR LLC now owns 3,879 shares of the savings and loans company’s stock valued at $115,000 after acquiring an additional 357 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Dime Community Bancshares by 179.1% during the 2nd quarter. Captrust Financial Advisors now owns 4,451 shares of the savings and loans company’s stock worth $132,000 after buying an additional 2,856 shares in the last quarter. 72.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dime Community Bancshares

In other news, Director Basswood Capital Management, L sold 2,858 shares of the business’s stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $31.25, for a total transaction of $89,312.50. Following the transaction, the director now directly owns 984 shares of the company’s stock, valued at $30,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders sold 113,855 shares of company stock worth $3,485,669. 15.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DCOM has been the topic of a number of research analyst reports. Raymond James cut their price target on Dime Community Bancshares from $38.00 to $34.00 and set an “outperform” rating on the stock in a report on Monday, January 30th. Stephens lowered their price target on Dime Community Bancshares to $35.00 in a research report on Thursday, February 9th.

Dime Community Bancshares Stock Down 2.2 %

DCOM stock opened at $29.55 on Friday. The firm has a market capitalization of $1.14 billion, a PE ratio of 7.92 and a beta of 1.08. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.19. The stock has a 50-day simple moving average of $31.42 and a two-hundred day simple moving average of $32.09. Dime Community Bancshares, Inc. has a twelve month low of $28.36 and a twelve month high of $36.82.

Dime Community Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 24th. Shareholders of record on Tuesday, January 17th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, January 13th. This represents a $0.96 annualized dividend and a yield of 3.25%. Dime Community Bancshares’s payout ratio is currently 25.74%.

Dime Community Bancshares Profile

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The largest community bank headquartered in Brooklyn, New York, chartered on April 19, 1864. The bank specializes in Commercial Mortgage finance in the NY Metro area and services depositors in 24 full service branches throughout Brooklyn, Queens, Nassau, and the Bronx.