Dime Community Bancshares announces approval to open a new branch in Locust Valley, staffed by Liz Materia.
Quiver AI Summary
Dime Community Bancshares, Inc. has announced the approval from the Federal Reserve Bank of New York and the New York State Department of Financial Services to open a new branch in Locust Valley, located at 85 Forest Avenue. The branch will be managed by Liz Materia, who previously worked as a branch manager at The First National Bank of Long Island before its acquisition. Dime Community Bancshares serves as the parent company of Dime Community Bank, which holds over $14 billion in assets and has the highest deposit market share among community banks in Greater Long Island.
Potential Positives
- Dime Community Bancshares has received regulatory approval for a new branch, indicating a positive growth trajectory and expansion potential.
- The new branch location in Locust Valley reflects Dime's commitment to serving the community and enhancing its presence in the region.
- Staffing the new branch with an experienced manager, Liz Materia, from a recently acquired bank may strengthen customer trust and banking operations.
Potential Negatives
- Potential perception of overextension: Opening a new branch might raise concerns among investors about the company's capacity to manage growth effectively, especially if the economic environment is challenging.
- Risks associated with forward-looking statements: The release mentions forward-looking statements that are subject to risks and uncertainties, which could indicate potential instability or unpredictability in future financial performance.
FAQ
What is the new branch location announced by Dime Community Bancshares?
Dime Community Bancshares announced a new branch at 85 Forest Avenue, Locust Valley.
Who will manage the new Dime Community Bank branch?
The new branch will be managed by Liz Materia, a former branch manager at The First National Bank of Long Island.
Which regulatory approvals did Dime Community Bancshares receive for the new branch?
Dime Community Bancshares received approvals from the Federal Reserve Bank of New York and the New York State Department of Financial Services.
How significant is Dime Community Bancshares in terms of asset size?
Dime Community Bancshares has over $14 billion in assets, making it a leading financial institution in Greater Long Island.
What does the company specialize in?
Dime Community Bancshares is a New York State-chartered trust company with a strong community banking presence.
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 $115.6M in Q3 2025. This is an increase of 32.04% 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 89 institutional investors add shares of $DCOM stock to their portfolio, and 97 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
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- BANK OF AMERICA CORP /DE/ added 194,383 shares (+271.4%) to their portfolio in Q3 2025, for an estimated $5,798,444
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$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:
- DA Davidson issued a "Buy" rating on 10/27/2025
- Keefe, Bruyette & Woods issued a "Outperform" 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 2 analysts offer price targets for $DCOM in the last 6 months, with a median target of $35.0.
Here are some recent targets:
- Peter Winter from DA Davidson set a target price of $36.0 on 10/27/2025
- Christopher O'Connell from Keefe, Bruyette & Woods set a target price of $34.0 on 10/27/2025
Full Release
HAUPPAUGE, N.Y., Dec. 09, 2025 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), announced it has received approvals from the Federal Reserve Bank of New York and the New York State Department of Financial Services to open a branch location in Locust Valley.
The new branch, which will be located at 85 Forest Avenue, will be staffed by Liz Materia. Ms. Materia was previously a branch manager with The First National Bank of Long Island, which was recently acquired.
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 over $14 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 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.
