Dime Community Bancshares, Inc. (NASDAQ:DCOM - Get Free Report) Director Basswood Capital Management, L sold 29,732 shares of Dime Community Bancshares stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $42.72, for a total transaction of $1,270,151.04. Following the completion of the transaction, the director directly owned 1,531 shares in the company, valued at $65,404.32. This represents a 95.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Basswood Capital Management, L also recently made the following trade(s):
- On Monday, November 2nd, Basswood Capital Management, L sold 34,333 shares of Dime Community Bancshares stock. The stock was sold at an average price of $42.72, for a total transaction of $1,466,705.76.
- On Thursday, October 29th, Basswood Capital Management, L sold 2,631 shares of Dime Community Bancshares stock. The shares were sold at an average price of $42.38, for a total transaction of $111,501.78.
- On Wednesday, October 28th, Basswood Capital Management, L sold 5,160 shares of Dime Community Bancshares stock. The shares were sold at an average price of $42.02, for a total transaction of $216,823.20.
- On Tuesday, October 27th, Basswood Capital Management, L sold 23,538 shares of Dime Community Bancshares stock. The stock was sold at an average price of $42.51, for a total transaction of $1,000,600.38.
- On Monday, October 26th, Basswood Capital Management, L sold 16,159 shares of Dime Community Bancshares stock. The stock was sold at an average price of $43.05, for a total transaction of $695,644.95.
- On Friday, October 23rd, Basswood Capital Management, L sold 90,000 shares of Dime Community Bancshares stock. The shares were sold at an average price of $42.68, for a total value of $3,841,200.00.
- On Thursday, August 13th, Basswood Capital Management, L sold 7,170 shares of Dime Community Bancshares stock. The shares were sold at an average price of $41.40, for a total value of $296,838.00.
- On Wednesday, August 12th, Basswood Capital Management, L sold 32,335 shares of Dime Community Bancshares stock. The shares were sold at an average price of $40.96, for a total value of $1,324,441.60.
- On Tuesday, August 11th, Basswood Capital Management, L sold 8,674 shares of Dime Community Bancshares stock. The stock was sold at an average price of $40.59, for a total value of $352,077.66.
Dime Community Bancshares Stock Performance
DCOM opened at $43.77 on Thursday. 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 firm has a market cap of $1.91 billion, a PE ratio of 18.55 and a beta of 0.98. The business has a fifty day simple moving average of $40.46 and a 200-day simple moving average of $37.68. Dime Community Bancshares, Inc. has a fifty-two week low of $25.63 and a fifty-two week high of $44.23.
Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last announced its earnings results on Tuesday, October 20th. The savings and loans company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.05. Dime Community Bancshares had a return on equity of 9.12% and a net margin of 15.15%. The company had revenue of $135.35 million for the quarter, compared to analyst estimates of $131.16 million. During the same period in the previous year, the firm earned $0.59 earnings per share. As a group, equities analysts predict that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.
Dime Community Bancshares Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Investors of record on Friday, October 16th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 16th. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. Dime Community Bancshares's dividend payout ratio (DPR) is currently 32.47%.
Institutional Trading of Dime Community Bancshares
A number of hedge funds have recently modified their holdings of the business. Bank of America Corp DE purchased a new position in shares of Dime Community Bancshares during the second quarter valued at $9,631,000. Legal & General Group Plc acquired a new position in Dime Community Bancshares during the second quarter valued at $3,904,000. BlackRock Inc. purchased a new stake in Dime Community Bancshares in the 2nd quarter worth about $251,937,000. Deutsche Bank AG purchased a new stake in Dime Community Bancshares in the 2nd quarter worth about $1,782,000. Finally, Empowered Funds LLC purchased a new stake in Dime Community Bancshares in the 2nd quarter worth about $8,149,000. Hedge funds and other institutional investors own 75.27% of the company's stock.
Analysts Set New Price Targets
A number of research firms have commented on DCOM. Piper Sandler reaffirmed an "overweight" rating and set a $47.00 price objective (up from $45.00) on shares of Dime Community Bancshares in a research note on Wednesday, October 21st. Keefe, Bruyette & Woods lifted their target price on shares of Dime Community Bancshares from $47.00 to $49.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 21st. Finally, DA Davidson set a $50.00 price target on shares of Dime Community Bancshares in a report on Thursday, October 22nd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $45.50.
Read Our Latest Stock Analysis on DCOM
Dime Community Bancshares Company Profile
(
Get Free Report)
Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, a full-service commercial bank serving businesses, individuals and local communities in the New York metropolitan area. The company's primary markets include Long Island and New York City, with banking offices across Brooklyn, Queens, Manhattan, Nassau County and Suffolk County.
Dime Community Bank provides commercial and residential real estate lending, commercial and industrial loans, construction financing, residential mortgages and consumer loans.
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