Insider Selling: Michael Devine Sells 20,000 Shares of Dime Community Bancshares Stock (DCOM)
Dime Community Bancshares (NASDAQ:DCOM) COO Michael Devine sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $17.00, for a total transaction of $340,000.00. Following the sale, the chief operating officer now directly owns 412,519 shares in the company, valued at approximately $7,012,823. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Dime Community Bancshares (NASDAQ:DCOM) traded up 0.85% on Friday, hitting $17.2299. The stock had a trading volume of 53,284 shares. Dime Community Bancshares has a 52 week low of $12.86 and a 52 week high of $17.92. The stock’s 50-day moving average is $16.48 and its 200-day moving average is $15.73. The company has a market cap of $602.6 million and a P/E ratio of 14.47.
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 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 given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $16.18.
Dime Community Bancshares, Inc is a parent company of The Dime Savings Bank of Williamsburgh (NASDAQ:DCOM), a federally-chartered stock savings bank.