Insider Selling: Michael Pucella Sells 1,000 Shares of Dime Community Bancshares Stock (DCOM)
Dime Community Bancshares (NASDAQ:DCOM) EVP Michael Pucella unloaded 1,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $15.15, for a total transaction of $15,150.00. Following the transaction, the executive vice president now directly owns 28,734 shares in the company, valued at approximately $435,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Zacks upgraded shares of Dime Community Bancshares from an “underperform” rating to a “neutral” rating in a research note on Friday, July 25th. They now have a $15.90 price target on the stock. Two research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $16.88.
Dime Community Bancshares (NASDAQ:DCOM) traded up 0.40% on Friday, hitting $15.03. The stock had a trading volume of 28,378 shares. Dime Community Bancshares has a 1-year low of $14.77 and a 1-year high of $18.23. The stock has a 50-day moving average of $15. and a 200-day moving average of $16.06. The company has a market cap of $539.2 million and a P/E ratio of 13.01.
Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings data on Friday, July 25th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.27 by $0.02. On average, analysts predict that Dime Community Bancshares will post $1.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, August 13th. Shareholders of record on Wednesday, August 6th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Monday, August 4th.
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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