Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Basswood Capital Management, L Sells 25,540 Shares of Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOMGet Rating) Director Basswood Capital Management, L sold 25,540 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $35.03, for a total value of $894,666.20. Following the sale, the director now owns 6,140 shares in the company, valued at $215,084.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Basswood Capital Management, L also recently made the following trade(s):

  • On Monday, November 21st, Basswood Capital Management, L sold 32,430 shares of Dime Community Bancshares stock. The shares were sold at an average price of $34.52, for a total value of $1,119,483.60.
  • On Monday, November 7th, Basswood Capital Management, L sold 15,680 shares of Dime Community Bancshares stock. The shares were sold at an average price of $34.12, for a total value of $535,001.60.
  • On Friday, November 4th, Basswood Capital Management, L sold 35,000 shares of Dime Community Bancshares stock. The shares were sold at an average price of $33.03, for a total value of $1,156,050.00.
  • On Wednesday, November 2nd, Basswood Capital Management, L sold 23,596 shares of Dime Community Bancshares stock. The shares were sold at an average price of $33.47, for a total value of $789,758.12.
  • On Wednesday, August 24th, Basswood Capital Management, L sold 146,907 shares of Dime Community Bancshares stock. The shares were sold at an average price of $32.31, for a total value of $4,746,565.17.

Dime Community Bancshares Price Performance

Shares of DCOM stock opened at $34.45 on Tuesday. The stock’s fifty day moving average is $32.35 and its 200-day moving average is $31.63. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market capitalization of $1.33 billion, a PE ratio of 9.65 and a beta of 1.10. Dime Community Bancshares, Inc. has a 52 week low of $28.36 and a 52 week high of $38.20.

Dime Community Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 24th. Stockholders of record on Monday, October 17th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Friday, October 14th. Dime Community Bancshares’s payout ratio is presently 26.89%.

Institutional Trading of Dime Community Bancshares

Several large investors have recently made changes to their positions in DCOM. Quantbot Technologies LP acquired a new position in shares of Dime Community Bancshares during the third quarter valued at $38,000. Nisa Investment Advisors LLC lifted its stake in shares of Dime Community Bancshares by 103.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,830 shares of the savings and loans company’s stock valued at $54,000 after acquiring an additional 930 shares during the period. Point72 Hong Kong Ltd lifted its stake in shares of Dime Community Bancshares by 1,225.8% during the first quarter. Point72 Hong Kong Ltd now owns 1,750 shares of the savings and loans company’s stock valued at $60,000 after acquiring an additional 1,618 shares during the period. KBC Group NV acquired a new position in shares of Dime Community Bancshares during the second quarter valued at $81,000. Finally, FMR LLC lifted its stake in shares of Dime Community Bancshares by 10.1% during the second quarter. FMR LLC now owns 3,879 shares of the savings and loans company’s stock valued at $115,000 after acquiring an additional 357 shares during the period. Institutional investors own 76.92% of the company’s stock.

Wall Street Analyst Weigh In

DCOM has been the topic of a number of analyst reports. StockNews.com initiated coverage on Dime Community Bancshares in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Stephens upped their price target on Dime Community Bancshares from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday, November 14th. Finally, Piper Sandler decreased their target price on Dime Community Bancshares to $37.00 in a report on Wednesday, October 5th.

Dime Community Bancshares Company Profile

(Get Rating)

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that provides various commercial banking and financial services. It accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. The company also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; secured and unsecured commercial and consumer loans; home equity loans; and construction and land loans.

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Insider Buying and Selling by Quarter for Dime Community Bancshares (NASDAQ:DCOM)

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