Insider Selling: Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Sells 3,200 Shares of Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOMGet Rating) Director Basswood Capital Management, L sold 3,200 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $34.26, for a total transaction of $109,632.00. Following the completion of the sale, the director now owns 6,049 shares in the company, valued at $207,238.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, November 21st, Basswood Capital Management, L sold 32,430 shares of Dime Community Bancshares stock. The stock was sold at an average price of $34.52, for a total transaction of $1,119,483.60.
  • On Thursday, November 17th, Basswood Capital Management, L sold 25,540 shares of Dime Community Bancshares stock. The stock was sold at an average price of $35.03, for a total transaction of $894,666.20.
  • On Monday, November 7th, Basswood Capital Management, L sold 15,680 shares of Dime Community Bancshares stock. The stock was sold at an average price of $34.12, for a total transaction of $535,001.60.
  • On Friday, November 4th, Basswood Capital Management, L sold 35,000 shares of Dime Community Bancshares stock. The stock was sold at an average price of $33.03, for a total transaction of $1,156,050.00.
  • On Wednesday, November 2nd, Basswood Capital Management, L sold 23,596 shares of Dime Community Bancshares stock. The stock was sold at an average price of $33.47, for a total transaction of $789,758.12.

Dime Community Bancshares Trading Down 0.8 %

Dime Community Bancshares stock traded down $0.27 during trading hours on Thursday, hitting $34.28. The company had a trading volume of 52,278 shares, compared to its average volume of 108,749. The firm has a market cap of $1.32 billion, a P/E ratio of 9.60 and a beta of 1.10. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.99 and a current ratio of 0.99. Dime Community Bancshares, Inc. has a 1 year low of $28.36 and a 1 year high of $38.20. The company has a 50-day moving average price of $32.49 and a two-hundred day moving average price of $31.67.

Dime Community Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 24th. Stockholders of record on Monday, October 17th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, October 14th. This represents a $0.96 annualized dividend and a dividend yield of 2.80%. Dime Community Bancshares’s payout ratio is presently 26.89%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on DCOM shares. StockNews.com started coverage on shares of Dime Community Bancshares in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Stephens lifted their price target on shares of Dime Community Bancshares from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, November 14th. Finally, Piper Sandler lowered their price objective on shares of Dime Community Bancshares to $37.00 in a research report on Wednesday, October 5th.

Institutional Investors Weigh In On Dime Community Bancshares

Hedge funds have recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in shares of Dime Community Bancshares in the 3rd quarter worth approximately $38,000. Point72 Hong Kong Ltd lifted its position in shares of Dime Community Bancshares by 1,225.8% in the 1st quarter. Point72 Hong Kong Ltd now owns 1,750 shares of the savings and loans company’s stock worth $60,000 after purchasing an additional 1,618 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Dime Community Bancshares by 103.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,830 shares of the savings and loans company’s stock worth $54,000 after acquiring an additional 930 shares in the last quarter. KBC Group NV bought a new position in shares of Dime Community Bancshares during the 2nd quarter worth approximately $81,000. Finally, FMR LLC raised its stake in shares of Dime Community Bancshares by 10.1% during the 2nd quarter. FMR LLC now owns 3,879 shares of the savings and loans company’s stock worth $115,000 after acquiring an additional 357 shares in the last quarter. Hedge funds and other institutional investors own 76.92% of the company’s stock.

Dime Community Bancshares Company Profile

(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.

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

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