Key Points
- CEO Stuart Lubow sold 5,476 shares at an average price of $35.14 on Feb. 12, generating $192,426.64 and trimming his stake by 2.41% to 222,198 shares (≈$7.81M).
- Dime beat quarterly expectations, reporting $0.79 EPS vs. $0.70 expected and $123.85M revenue, and pays a $0.25 quarterly dividend (annualized $1.00) for a ~2.8% yield with a ~42% payout ratio.
- Analyst coverage is mixed — consensus rating is "Hold" with a $38.33 average price target — while the stock trades near $35.60, market cap ≈ $1.56B and a PE of ~15.1.
Dime Community Bancshares, Inc. (NASDAQ:DCOM - Get Free Report) CEO Stuart Lubow sold 5,476 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $35.14, for a total transaction of $192,426.64. Following the sale, the chief executive officer directly owned 222,198 shares in the company, valued at approximately $7,808,037.72. The trade was a 2.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Dime Community Bancshares Price Performance
NASDAQ:DCOM opened at $35.60 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. Dime Community Bancshares, Inc. has a 52 week low of $23.25 and a 52 week high of $36.86. The stock's 50-day moving average price is $32.32 and its 200-day moving average price is $30.12. The stock has a market capitalization of $1.56 billion, a PE ratio of 15.08 and a beta of 1.11.
Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last issued its quarterly earnings results on Wednesday, January 21st. The savings and loans company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.09. Dime Community Bancshares had a return on equity of 9.12% and a net margin of 15.15%.The company had revenue of $123.85 million for the quarter, compared to the consensus estimate of $118.14 million. During the same quarter in the prior year, the business posted $0.42 earnings per share. As a group, equities analysts expect that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.
Dime Community Bancshares Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 16th were given a dividend of $0.25 per share. The ex-dividend date was Friday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.8%. Dime Community Bancshares's dividend payout ratio (DPR) is 42.37%.
Wall Street Analysts Forecast Growth
DCOM has been the subject of a number of research analyst reports. Weiss Ratings restated a "hold (c)" rating on shares of Dime Community Bancshares in a research report on Wednesday, January 21st. Keefe, Bruyette & Woods boosted their target price on shares of Dime Community Bancshares from $34.00 to $40.00 and gave the stock an "outperform" rating in a research note on Thursday, January 22nd. Stephens upped their price target on shares of Dime Community Bancshares from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Friday, January 23rd. DA Davidson lifted their price objective on Dime Community Bancshares from $37.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, January 22nd. Finally, Wall Street Zen upgraded Dime Community Bancshares from a "hold" rating to a "buy" rating in a research note on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $38.33.
Get Our Latest Report on DCOM
Institutional Investors Weigh In On Dime Community Bancshares
A number of large investors have recently made changes to their positions in DCOM. Louisiana State Employees Retirement System increased its holdings in shares of Dime Community Bancshares by 2.2% in the third quarter. Louisiana State Employees Retirement System now owns 18,800 shares of the savings and loans company's stock valued at $561,000 after purchasing an additional 400 shares during the last quarter. Amalgamated Bank grew its holdings in Dime Community Bancshares by 3.6% in the 3rd quarter. Amalgamated Bank now owns 11,630 shares of the savings and loans company's stock valued at $347,000 after buying an additional 406 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Dime Community Bancshares by 1.5% in the 3rd quarter. Thrivent Financial for Lutherans now owns 29,448 shares of the savings and loans company's stock worth $878,000 after acquiring an additional 449 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Dime Community Bancshares by 15.1% in the 3rd quarter. GAMMA Investing LLC now owns 4,448 shares of the savings and loans company's stock worth $133,000 after acquiring an additional 584 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of Dime Community Bancshares by 7.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,125 shares of the savings and loans company's stock worth $273,000 after acquiring an additional 730 shares during the period. 75.27% of the stock is currently owned by hedge funds and other institutional investors.
About Dime Community Bancshares
(
Get Free Report)
Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.
The company's core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.
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