Virtu Financial LLC Invests $469,000 in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Virtu Financial LLC purchased a new stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 15,250 shares of the savings and loans company’s stock, valued at approximately $469,000.

Other hedge funds also recently bought and sold shares of the company. Stieven Capital Advisors L.P. increased its position 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 valued at $19,060,000 after acquiring an additional 287,195 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Dime Community Bancshares by 120.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 480,944 shares of the savings and loans company’s stock worth $13,851,000 after purchasing an additional 263,225 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of Dime Community Bancshares by 433.6% in the fourth quarter. New York State Common Retirement Fund now owns 277,168 shares of the savings and loans company’s stock worth $8,519,000 after purchasing an additional 225,227 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Dime Community Bancshares during the fourth quarter valued at $4,850,000. Finally, Great Lakes Advisors LLC purchased a new stake in shares of Dime Community Bancshares during the fourth quarter valued at $4,572,000. Institutional investors own 75.27% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DCOM. Keefe, Bruyette & Woods lowered their target price on shares of Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Piper Sandler upgraded shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $36.00 to $38.00 in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $38.50.

Dime Community Bancshares Trading Down 1.4 %

Shares of NASDAQ:DCOM opened at $28.26 on Wednesday. The stock’s 50-day simple moving average is $30.42 and its two-hundred day simple moving average is $30.93. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 47.90 and a beta of 1.04. Dime Community Bancshares, Inc. has a 52-week low of $17.49 and a 52-week high of $37.60. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.03 and a current ratio of 1.03.

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

Insider Activity

In related news, Director Basswood Capital Management, L acquired 1,043 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average cost of $31.23 per share, for a total transaction of $32,572.89. Following the purchase, the director now owns 1,043 shares in the company, valued at $32,572.89. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Raymond A. Nielsen sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $31.25, for a total transaction of $93,750.00. Following the sale, the director now owns 41,185 shares in the company, valued at approximately $1,287,031.25. The trade was a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders acquired a total of 1,729 shares of company stock valued at $48,021 in the last 90 days. Company insiders own 9.10% of the company’s stock.

About Dime Community Bancshares

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.