Key Points
- EVP Judy Wu sold 495 shares on December 5 at an average price of $29.80 for $14,751, leaving her with 3,622 shares and a reported 12.02% decrease in her ownership stake.
- Dime reported Q3 EPS of $0.61 (a $0.06 miss) but revenue of $116.67M beat expectations; the stock trades near $29.8 with a market cap of $1.31B, a PE of 26.17 and a 12‑month range of $23.25–$35.79.
- The company pays a quarterly dividend of $0.25 ($1.00 annualized, ~3.4% yield) and carries a consensus analyst rating of “Moderate Buy” with an average target price of $35.13.
Dime Community Bancshares, Inc. (NASDAQ:DCOM - Get Free Report) EVP Judy Wu sold 495 shares of Dime Community Bancshares stock in a transaction on Friday, December 5th. The stock was sold at an average price of $29.80, for a total transaction of $14,751.00. Following the completion of the transaction, the executive vice president directly owned 3,622 shares in the company, valued at $107,935.60. This represents a 12.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Dime Community Bancshares Stock Performance
Shares of DCOM opened at $29.83 on Wednesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The firm has a market cap of $1.31 billion, a PE ratio of 26.17 and a beta of 1.12. Dime Community Bancshares, Inc. has a 12 month low of $23.25 and a 12 month high of $35.79. The stock has a fifty day moving average price of $28.17 and a 200-day moving average price of $28.38.
Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last announced its earnings results on Thursday, October 23rd. The savings and loans company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.06). Dime Community Bancshares had a return on equity of 7.81% and a net margin of 8.72%.The business had revenue of $116.67 million for the quarter, compared to analysts' expectations of $112.75 million. During the same quarter last year, the firm earned $0.29 earnings per share. Equities research analysts predict that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.
Dime Community Bancshares Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 17th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, October 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.4%. Dime Community Bancshares's dividend payout ratio is 87.72%.
Wall Street Analyst Weigh In
Several brokerages recently commented on DCOM. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Dime Community Bancshares in a research report on Wednesday, October 8th. Zacks Research lowered shares of Dime Community Bancshares from a "hold" rating to a "strong sell" rating in a research note on Thursday, October 23rd. DA Davidson set a $36.00 price objective on shares of Dime Community Bancshares in a research note on Friday. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Dime Community Bancshares from $37.00 to $34.00 and set an "outperform" rating on the stock in a report on Monday, October 27th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Dime Community Bancshares currently has a consensus rating of "Moderate Buy" and an average target price of $35.13.
View Our Latest Research Report on Dime Community Bancshares
Hedge Funds Weigh In On Dime Community Bancshares
Institutional investors have recently modified their holdings of the stock. Larson Financial Group LLC lifted its holdings in shares of Dime Community Bancshares by 742.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company's stock valued at $30,000 after buying an additional 884 shares during the period. Emerald Mutual Fund Advisers Trust purchased a new position in Dime Community Bancshares during the second quarter valued at approximately $97,000. GAMMA Investing LLC lifted its holdings in Dime Community Bancshares by 15.1% in the third quarter. GAMMA Investing LLC now owns 4,448 shares of the savings and loans company's stock valued at $133,000 after acquiring an additional 584 shares during the period. Tower Research Capital LLC TRC boosted its position in Dime Community Bancshares by 326.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company's stock worth $156,000 after purchasing an additional 4,446 shares in the last quarter. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Dime Community Bancshares during the 3rd quarter worth approximately $169,000. Hedge funds and other institutional investors own 75.27% of the company's stock.
About Dime Community Bancshares
(
Get Free Report)
Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans.
Further Reading
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