Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Sells $1,488,874.40 in Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOMGet Rating) Director Basswood Capital Management, L sold 47,920 shares of the business’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $31.07, for a total transaction of $1,488,874.40. Following the sale, the director now owns 77,961 shares in the company, valued at $2,422,248.27. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Basswood Capital Management, L also recently made the following trade(s):

  • On Monday, February 28th, Basswood Capital Management, L sold 11,270 shares of Dime Community Bancshares stock. The stock was sold at an average price of $33.91, for a total transaction of $382,165.70.
  • On Monday, February 14th, Basswood Capital Management, L sold 5,366 shares of Dime Community Bancshares stock. The stock was sold at an average price of $34.00, for a total transaction of $182,444.00.

Dime Community Bancshares stock opened at $30.68 on Friday. Dime Community Bancshares, Inc. has a 52 week low of $29.22 and a 52 week high of $38.35. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The firm’s 50-day simple moving average is $33.89 and its 200 day simple moving average is $34.84. The firm has a market capitalization of $1.20 billion, a PE ratio of 8.23 and a beta of 1.06.

Dime Community Bancshares (NASDAQ:DCOMGet Rating) last released its quarterly earnings data on Friday, April 29th. The savings and loans company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.01). Dime Community Bancshares had a return on equity of 14.40% and a net margin of 35.58%. During the same quarter in the previous year, the business earned $0.94 earnings per share. On average, research analysts expect that Dime Community Bancshares, Inc. will post 3.41 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 25th. Investors of record on Monday, April 18th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Thursday, April 14th. Dime Community Bancshares’s payout ratio is 25.74%.

Hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC acquired a new position in Dime Community Bancshares in the 4th quarter valued at about $31,000. Point72 Hong Kong Ltd acquired a new position in Dime Community Bancshares in the 3rd quarter valued at about $41,000. Landmark Wealth Management LLC acquired a new position in Dime Community Bancshares in the 1st quarter valued at about $53,000. Advisor Group Holdings Inc. raised its stake in Dime Community Bancshares by 130.6% in the 3rd quarter. Advisor Group Holdings Inc. now owns 2,022 shares of the savings and loans company’s stock valued at $66,000 after purchasing an additional 1,145 shares during the last quarter. Finally, Captrust Financial Advisors raised its stake in Dime Community Bancshares by 303.0% in the 3rd quarter. Captrust Financial Advisors now owns 3,619 shares of the savings and loans company’s stock valued at $118,000 after purchasing an additional 2,721 shares during the last quarter. 72.30% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have commented on DCOM. StockNews.com started coverage on shares of Dime Community Bancshares in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research lowered shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, April 4th.

About Dime Community Bancshares (Get Rating)

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that provides various commercial banking and financial services. It accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. The company also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; secured and unsecured commercial and consumer loans; home equity loans; and construction and land loans.

Featured Stories

Insider Buying and Selling by Quarter for Dime Community Bancshares (NASDAQ:DCOM)

Receive News & Ratings for Dime Community Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dime Community Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.