Key Points
- Director Raymond Nielsen sold 1,800 Dime Community Bancshares shares at an average price of $41.73, for total proceeds of $75,114. His remaining stake fell 5.26% to 32,400 shares.
- Dime Community Bancshares shares opened at $40.34, down 1.8%, while the company maintains a quarterly dividend of $0.25, equivalent to a 2.5% annual yield.
- Analysts maintain a “Moderate Buy” consensus, with a $39.75 average price target, while institutional investors own approximately 75.27% of the company.
Dime Community Bancshares, Inc. (NASDAQ:DCOM - Get Free Report) Director Raymond Nielsen sold 1,800 shares of Dime Community Bancshares stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $41.73, for a total value of $75,114.00. Following the completion of the transaction, the director owned 32,400 shares of the company's stock, valued at $1,352,052. This trade represents a 5.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Dime Community Bancshares Stock Down 1.8%
Shares of Dime Community Bancshares stock opened at $40.34 on Friday. The business has a 50-day moving average price of $39.72 and a 200 day moving average price of $36.44. Dime Community Bancshares, Inc. has a fifty-two week low of $25.63 and a fifty-two week high of $41.97. The firm has a market cap of $1.78 billion, a P/E ratio of 17.09 and a beta of 0.99. 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 Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 17th were given a $0.25 dividend. The ex-dividend date was Friday, July 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. Dime Community Bancshares's dividend payout ratio (DPR) is presently 36.10%.
Institutional Investors Weigh In On Dime Community Bancshares
Institutional investors and hedge funds have recently bought and sold shares of the business. Hilton Head Capital Partners LLC raised its position in Dime Community Bancshares by 54.5% in the first quarter. Hilton Head Capital Partners LLC now owns 1,452 shares of the savings and loans company's stock worth $49,000 after acquiring an additional 512 shares in the last quarter. Illinois Municipal Retirement Fund lifted its holdings in Dime Community Bancshares by 3.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 21,219 shares of the savings and loans company's stock valued at $718,000 after acquiring an additional 683 shares during the last quarter. Orion Porfolio Solutions LLC boosted its position in shares of Dime Community Bancshares by 3.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 25,961 shares of the savings and loans company's stock valued at $699,000 after purchasing an additional 819 shares in the last quarter. Larson Financial Group LLC grew its stake 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 worth $30,000 after purchasing an additional 884 shares during the last quarter. Finally, Gator Capital Management LLC grew its stake in shares of Dime Community Bancshares by 0.9% in the 4th quarter. Gator Capital Management LLC now owns 110,185 shares of the savings and loans company's stock worth $3,315,000 after purchasing an additional 955 shares during the last quarter. Institutional investors and hedge funds own 75.27% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. DA Davidson upped their price target on Dime Community Bancshares from $39.00 to $43.00 and gave the company a "buy" rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods lifted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $39.75.
View Our Latest Stock Report on DCOM
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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