Dime Community Bancshares COO Michael Devine Sells 20,000 Shares (DCOM)
Dime Community Bancshares (NASDAQ:DCOM) COO Michael Devine sold 20,000 shares of Dime Community Bancshares stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $16.75, for a total value of $335,000.00. Following the transaction, the chief operating officer now directly owns 412,519 shares in the company. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
DCOM has been the subject of a number of recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Dime Community Bancshares (NASDAQ:DCOM) from $15.00 to $19.00 in a research note to investors on Monday, July 29th. Separately, analysts at FBR Capital Markets raised their price target on shares of Dime Community Bancshares (NASDAQ:DCOM) from $15.00 to $16.50 in a research note to investors on Monday, July 29th. They now have a “market perform” rating on the stock. Finally, analysts at Barclays Capital reiterated an “equal weight” rating on shares of Dime Community Bancshares (NASDAQ:DCOM) in a research note to investors on Friday, July 26th. They now have a $14.00 price target on the stock, down previously from $16.00.
Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $16.18.
Dime Community Bancshares (NASDAQ:DCOM) traded down 0.84% during mid-day trading on Thursday, hitting $16.59. The stock had a trading volume of 62,785 shares. Dime Community Bancshares has a 52-week low of $12.86 and a 52-week high of $17.92. The stock has a 50-day moving average of $16.74 and a 200-day moving average of $15.41. The company has a market cap of $580.2 million and a P/E ratio of 14.17.
Dime Community Bancshares, Inc is a parent company of The Dime Savings Bank of Williamsburgh (NASDAQ:DCOM), a federally-chartered stock savings bank.
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