Insider Selling: Dime Community Bancshares EVP Sells 10,000 Shares of Stock (DCOM)
Dime Community Bancshares (NASDAQ:DCOM) EVP Timothy King unloaded 10,000 shares of the company’s stock on the open market in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $17.00, for a total transaction of $170,000.00. Following the transaction, the executive vice president now directly owns 116,846 shares in the company, valued at approximately $1,986,382. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on DCOM shares. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Dime Community Bancshares 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 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 reiterated an “equal weight” rating on shares of Dime Community Bancshares 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 issued a buy rating to the company. Dime Community Bancshares currently has an average rating of “Hold” and a consensus price target of $16.18.
Shares of Dime Community Bancshares (NASDAQ:DCOM) traded up 0.67% during mid-day trading on Friday, hitting $17.20. 52,684 shares of the company’s stock traded hands. Dime Community Bancshares has a one year low of $12.86 and a one year high of $17.92. The stock has a 50-day moving average of $16.48 and a 200-day moving average of $15.73. The company has a market cap of $601.6 million and a price-to-earnings ratio of 14.47.
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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