Dime Community Bancshares, Inc. (NASDAQ: DCOM) Director sells $ 42,032.82 in shares
Dime Community Bancshares, Inc. (NASDAQ: DCOM) Director of Basswood Capital Management, L sold 1,203 Dime Community Bancshares shares in a transaction dated Tuesday, December 7. The shares were sold for an average price of $ 34.94, for a total value of $ 42,032.82. The transaction has been disclosed in a legal file with the Securities & Exchange Commission, which can be accessed via the SEC website.
The NASDAQ DCOM traded at $ 0.45 on Thursday, reaching $ 33.84. The company had a trading volume of 120,749 shares, compared to an average volume of 180,615. The company has a market capitalization of $ 1.37 billion, a PE ratio of 18.10 and a beta of 1.12. Dime Community Bancshares, Inc. has a one-year minimum of $ 23.42 and a one-year maximum of $ 38.35. The company has a 50-day moving average of $ 35.57 and a 200-day moving average of $ 33.91. The company has a debt to equity ratio of 0.18, a current ratio of 0.92, and a rapid ratio of 0.92.
Dime Community Bancshares (NASDAQ: DCOM) last released its quarterly results on Thursday, October 28. The savings and loan company reported earnings of $ 0.89 per share for the quarter, beating the Zacks’ consensus estimate of $ 0.81 by $ 0.08. The company posted revenue of $ 104.56 million in the quarter, compared to $ 100.18 million expected by analysts. Dime Community Bancshares recorded a return on equity of 14.25% and a net margin of 20.83%. In the same quarter of the previous year, the company made EPS of $ 0.77. As a group, sell-side analysts expect Dime Community Bancshares, Inc. to post EPS of 3.84 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 25. Shareholders of record on Monday, October 18 received a dividend of $ 0.24. This represents a dividend of $ 0.96 on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Friday October 15. Dime Community Bancshares’ payout ratio is 51.34%.
Several institutional investors and hedge funds have recently changed their positions in the company. Captrust Financial Advisors increased its position in Dime Community Bancshares shares by 303.0% in the 3rd quarter. Captrust Financial Advisors now owns 3,619 shares of the savings and loan company valued at $ 118,000 after purchasing an additional 2,721 shares in the last quarter. Phocas Financial Corp. increased its position in Dime Community Bancshares shares by 1.0% during the 3rd quarter. Phocas Financial Corp. now owns 96,061 shares of the savings and loan company valued at $ 3,137,000 after acquiring 939 additional shares during the last quarter. Squarepoint Ops LLC increased its position in Dime Community Bancshares shares by 61.1% during the 3rd quarter. Squarepoint Ops LLC now owns 24,380 shares of the savings and loan company valued at $ 796,000 after acquiring an additional 9,250 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Dime Community Bancshares shares by 21.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 35,012 shares of the savings and loan company valued at $ 1,143,000 after acquiring an additional 6,116 shares in the last quarter. Finally, Two Sigma Advisers LP strengthened its position in Dime Community Bancshares by 2.4% in the third quarter. Two Sigma Advisers LP now owns 17,080 shares of the savings and loan company valued at $ 558,000 after purchasing an additional 400 shares during the period. 72.21% of the shares are currently held by institutional investors.
Separately, Zacks investment research downgraded Dime Community Bancshares from a “conservation” rating to a “buy” rating and set a price target of $ 42.00 for the company in a report released on Wednesday, November 3. Three analysts rated the stock with a buy rating and one gave the company’s stock a high buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $ 41.17.
Dime Community Bancshares Company Profile
The largest community bank headquartered in Brooklyn, New York, was established on April 19, 1864. The bank specializes in commercial mortgage financing in the New York metropolitan area and serves depositors at 24 service branches. full through Brooklyn, Queens, Nassau and the Bronx.
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