5 Best Bank Stocks to Buy According to Matthew Lindenbaum’s Basswood Capital

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1. Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Basswood Capital Stake: $88,790,000

Percentage of Basswood Capital‘s Portfolio: 5.58%

Number of Hedge Fund Holders: 9

Dime Community Bancshares, Inc. (NASDAQ:DCOM) is an investment holding company. The company’s deposits are gathered from the internet and invested in several sectors including real estate and debt securities. Basswood Capital decreased its stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 12% during the second quarter. The fund’s holding in Dime Community Bancshares, Inc. (NASDAQ:DCOM) amounts to a value of over $88 million as per its Q2 2022 filing.

On September 21, 2022, Dime Community Bancshares, Inc. (NASDAQ:DCOM) announced a quarterly dividend of $0.24/share. The company has a strong history of paying dividends and currently has a good dividend yield of 3.07%. The bank’s stock is currently down 12.12% YTD as of October 20, 2022. Dime Community Bancshares, Inc. (NASDAQ:DCOM) is set to announce Q3 2022 earnings on October 28, 2022.

You can also take a look at Why These 10 Stocks Were in the Spotlight This Week and Top 5 Data Center Companies in the USA.

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