Dime Community Bancshares plans to redeem $40 million in subordinated debentures and reauthorize its share repurchase program.
Quiver AI Summary
Dime Community Bancshares, Inc. announced plans to redeem all $40 million of its Fixed/Floating Subordinated Debentures due 2030 on March 30, 2026, as part of its capital management strategy and reflects its strong financial position. The redemption will utilize cash on hand and is expected to positively impact earnings per share. Additionally, the company's Board has reauthorized a share repurchase program for up to 1,566,947 common shares, subject to market conditions and regulatory approvals. CEO Stuart H. Lubow emphasized the company's financial strength and flexibility for future growth, noting a Total Capital Ratio exceeding 16%.
Potential Positives
- Dime Community Bancshares, Inc. is redeeming $40 million of its outstanding subordinated debentures, demonstrating strong capital management and liquidity.
- The redemption is expected to be accretive to earnings per share (EPS), which could positively impact shareholder value.
- The Board has reauthorized a share repurchase program for up to 1,566,947 shares, indicating confidence in the company's stock value and ongoing commitment to returning capital to shareholders.
- The company's Total Capital Ratio exceeds 16%, reflecting its solid financial strength and capacity for growth.
Potential Negatives
- The announcement of the redemption of the subordinated debentures may raise concerns among investors about the company’s future debt management strategy and its impact on capital liquidity.
- The lack of assurance regarding the completion of the share repurchase program could signal uncertainty in the company’s ability to effectively manage its capital in the future.
FAQ
What is Dime Community Bancshares planning to redeem?
Dime Community Bancshares plans to redeem all outstanding $40 million of its Fixed/Floating Subordinated Debentures due 2030.
When will the redemption take place?
The redemption is scheduled for March 30, 2026.
How will the redemption be funded?
The redemption will be funded with cash on hand.
What is the purpose of the redemption?
This redemption is part of the Company's ongoing capital management strategy, reflecting its strong capital position.
Is there a share repurchase program associated with this announcement?
Yes, Dime's Board has reauthorized a share repurchase program for up to 1,566,947 common shares.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DCOM Insider Trading Activity
$DCOM insiders have traded $DCOM stock on the open market 8 times in the past 6 months. Of those trades, 1 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $DCOM stock by insiders over the last 6 months:
- CAPITAL MANAGEMENT, L.L.C. BASSWOOD has made 1 purchase buying 20,537 shares for an estimated $539,301 and 2 sales selling 29,537 shares for an estimated $812,066.
- RAYMOND A NIELSEN has made 0 purchases and 4 sales selling 5,200 shares for an estimated $141,978.
- JUDY WU (EVP General Counsel & Corp Sec) sold 495 shares for an estimated $14,753
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$DCOM Revenue
$DCOM had revenues of $123.8M in Q4 2025. This is an increase of 116.26% from the same period in the prior year.
You can track DCOM financials on Quiver Quantitative's DCOM stock page.
$DCOM Hedge Fund Activity
We have seen 87 institutional investors add shares of $DCOM stock to their portfolio, and 84 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP added 839,183 shares (+32.7%) to their portfolio in Q3 2025, for an estimated $25,032,828
- UBS GROUP AG removed 425,527 shares (-70.1%) from their portfolio in Q3 2025, for an estimated $12,693,470
- VERITION FUND MANAGEMENT LLC removed 414,329 shares (-45.3%) from their portfolio in Q3 2025, for an estimated $12,359,434
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added 212,934 shares (+97.0%) to their portfolio in Q3 2025, for an estimated $6,351,821
- PRUDENTIAL FINANCIAL INC removed 199,420 shares (-54.2%) from their portfolio in Q3 2025, for an estimated $5,948,698
- BANK OF AMERICA CORP /DE/ added 194,383 shares (+271.4%) to their portfolio in Q3 2025, for an estimated $5,798,444
- GOLDMAN SACHS GROUP INC added 117,638 shares (+35.8%) to their portfolio in Q3 2025, for an estimated $3,509,141
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$DCOM Analyst Ratings
Wall Street analysts have issued reports on $DCOM in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Keefe, Bruyette & Woods issued a "Outperform" rating on 10/27/2025
- DA Davidson issued a "Buy" rating on 10/27/2025
To track analyst ratings and price targets for $DCOM, check out Quiver Quantitative's $DCOM forecast page.
$DCOM Price Targets
Multiple analysts have issued price targets for $DCOM recently. We have seen 5 analysts offer price targets for $DCOM in the last 6 months, with a median target of $36.0.
Here are some recent targets:
- Matthew Breese from Stephens & Co. set a target price of $36.0 on 01/23/2026
- David Konrad from Keefe, Bruyette & Woods set a target price of $40.0 on 01/22/2026
- Peter Winter from DA Davidson set a target price of $39.0 on 01/22/2026
Full Release
HAUPPAUGE, N.Y., Jan. 26, 2026 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company”) announced its intention to redeem at par on March 30, 2026, all of its outstanding $40,000,000 principal amount of Fixed/Floating Subordinated Debentures (the "Debentures") due 2030. The proposed redemption is part of the Company’s ongoing capital management strategy and reflects its strong capital position and liquidity profile. The redemption of the Debentures is expected to be funded with cash on hand and will be accretive to EPS.
In addition, the Company’s Board of Directors has reauthorized its share repurchase program, allowing the repurchase of up to 1,566,947 of its outstanding common shares that remain under its existing repurchase plan. The timing and amount of any repurchases will depend on market conditions, regulatory approvals, and other factors. There can be no assurance that any repurchases will be completed in full or at all.
Stuart H. Lubow, CEO and President, stated, “These actions underscore our continued confidence in Dime's financial strength and long-term prospects. With a Total Capital Ratio in excess of 16%, Dime has the flexibility to efficiently manage our capital while continuing to support organic growth."
ABOUT DIME COMMUNITY BANCSHARES, INC.
Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with approximately $15 billion in assets and the number one deposit market share among community banks on Greater Long Island (1) .
Dime Community Bancshares, Inc.
Investor Relations Contact:
Avinash Reddy
Senior Executive Vice President – Chief Operating Officer and Chief Financial Officer
Phone: 718-782-6200; Ext. 5909
Email:
[email protected]
¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets.
FORWARD-LOOKING STATEMENTS
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.
