Dime Community Bancshares, Inc. (NASDAQ:DCOM - Get Free Report) Director Basswood Capital Management, L sold 10,929 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $40.79, for a total transaction of $445,793.91. Following the transaction, the director directly owned 6,728 shares in the company, valued at approximately $274,435.12. This represents a 61.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Basswood Capital Management, L also recently made the following trade(s):
- On Monday, August 3rd, Basswood Capital Management, L sold 20,687 shares of Dime Community Bancshares stock. The shares were sold at an average price of $41.17, for a total transaction of $851,683.79.
- On Friday, July 31st, Basswood Capital Management, L sold 53,000 shares of Dime Community Bancshares stock. The stock was sold at an average price of $40.76, for a total transaction of $2,160,280.00.
- On Thursday, June 18th, Basswood Capital Management, L sold 32,751 shares of Dime Community Bancshares stock. The shares were sold at an average price of $39.02, for a total value of $1,277,944.02.
- On Friday, June 12th, Basswood Capital Management, L sold 15,870 shares of Dime Community Bancshares stock. The stock was sold at an average price of $40.08, for a total value of $636,069.60.
- On Tuesday, June 16th, Basswood Capital Management, L sold 14,019 shares of Dime Community Bancshares stock. The shares were sold at an average price of $39.29, for a total value of $550,806.51.
- On Monday, June 15th, Basswood Capital Management, L sold 14,513 shares of Dime Community Bancshares stock. The shares were sold at an average price of $39.67, for a total value of $575,730.71.
Dime Community Bancshares Price Performance
Shares of DCOM opened at $41.22 on Tuesday. Dime Community Bancshares, Inc. has a 12-month low of $25.63 and a 12-month high of $41.62. The business's fifty day moving average is $39.42 and its 200 day moving average is $36.19. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.82 billion, a P/E ratio of 17.47 and a beta of 0.99.
Dime Community Bancshares Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, July 17th. Dime Community Bancshares's dividend payout ratio (DPR) is 36.10%.
Institutional Investors Weigh In On Dime Community Bancshares
A number of institutional investors have recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC purchased a new stake in Dime Community Bancshares in the 4th quarter valued at about $28,000. Larson Financial Group LLC grew its holdings in shares of Dime Community Bancshares by 742.9% in the third quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company's stock valued at $30,000 after acquiring an additional 884 shares in the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of Dime Community Bancshares during the third quarter valued at approximately $169,000. Tower Research Capital LLC TRC lifted its holdings in Dime Community Bancshares by 326.4% during the second quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company's stock worth $156,000 after acquiring an additional 4,446 shares during the period. Finally, Maryland State Retirement & Pension System bought a new stake in Dime Community Bancshares during the first quarter worth $202,000. 75.27% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on DCOM shares. Keefe, Bruyette & Woods upped their target price on shares of Dime Community Bancshares from $40.00 to $43.00 and gave the stock an "outperform" rating in a report on Friday, April 24th. DA Davidson increased their price objective on Dime Community Bancshares from $39.00 to $43.00 and gave the stock a "buy" rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Dime Community Bancshares has a consensus rating of "Moderate Buy" and an average target price of $39.75.
Get Our Latest Research Report on Dime Community Bancshares
Dime Community Bancshares Company Profile
(
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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