Dime Community Bancshares, Inc. (NASDAQ:DCOM) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM – Get Rating) by 7.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,236 shares of the savings and loans company’s stock after selling 2,646 shares during the period. Thrivent Financial for Lutherans owned 0.09% of Dime Community Bancshares worth $1,058,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in DCOM. Quantbot Technologies LP acquired a new stake in shares of Dime Community Bancshares in the 3rd quarter worth approximately $38,000. Point72 Hong Kong Ltd lifted its stake in Dime Community Bancshares by 1,225.8% during 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 purchasing an additional 1,618 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Dime Community Bancshares by 56.8% during the third quarter. Nisa Investment Advisors LLC now owns 2,870 shares of the savings and loans company’s stock valued at $99,000 after purchasing an additional 1,040 shares during the last quarter. FMR LLC lifted its stake in Dime Community Bancshares by 10.1% during the second quarter. FMR LLC now owns 3,879 shares of the savings and loans company’s stock valued at $115,000 after purchasing an additional 357 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in Dime Community Bancshares by 179.1% during the second quarter. Captrust Financial Advisors now owns 4,451 shares of the savings and loans company’s stock valued at $132,000 after purchasing an additional 2,856 shares during the last quarter. 72.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dime Community Bancshares

In related news, Director Paul M. Aguggia acquired 2,500 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were purchased at an average price of $17.11 per share, for a total transaction of $42,775.00. Following the purchase, the director now owns 2,500 shares in the company, valued at $42,775. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 10.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DCOM shares. Stephens cut their target price on shares of Dime Community Bancshares to $35.00 in a research note on Thursday, February 9th. Keefe, Bruyette & Woods cut their target price on shares of Dime Community Bancshares from $36.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, April 6th. Piper Sandler reduced their price target on shares of Dime Community Bancshares from $25.00 to $23.00 in a research report on Thursday, May 18th. StockNews.com started coverage on shares of Dime Community Bancshares in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, TheStreet downgraded shares of Dime Community Bancshares from a “b-” rating to a “c+” rating in a research report on Friday, April 21st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.25.

Dime Community Bancshares Stock Up 2.9 %

Dime Community Bancshares stock opened at $17.48 on Tuesday. The firm has a market cap of $678.40 million, a PE ratio of 4.56 and a beta of 1.04. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.94 and a current ratio of 0.94. The firm’s 50 day moving average price is $20.52 and its two-hundred day moving average price is $28.11. Dime Community Bancshares, Inc. has a twelve month low of $15.57 and a twelve month high of $36.51.

Dime Community Bancshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 24th. Shareholders of record on Monday, April 17th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.72%. The ex-dividend date was Friday, April 14th. This is a positive change from Dime Community Bancshares’s previous quarterly dividend of $0.24. Dime Community Bancshares’s dividend payout ratio is currently 26.11%.

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.