Dime Community Bancshares, Inc. (DCOM) Insider Sells $112,500.00 in Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) insider Timothy B. King sold 5,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $22.50, for a total transaction of $112,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Dime Community Bancshares, Inc. (DCOM) traded down $0.35 during trading on Friday, hitting $22.05. 164,500 shares of the company’s stock were exchanged, compared to its average volume of 162,320. The firm has a market capitalization of $808.33, a P/E ratio of 16.88 and a beta of 0.83. Dime Community Bancshares, Inc. has a 1-year low of $18.00 and a 1-year high of $22.65. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.40 and a current ratio of 1.40.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $42.74 million during the quarter. Dime Community Bancshares had a net margin of 16.99% and a return on equity of 8.28%. sell-side analysts expect that Dime Community Bancshares, Inc. will post 1.29 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Monday, November 6th were given a $0.14 dividend. The ex-dividend date was Friday, November 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.54%. Dime Community Bancshares’s dividend payout ratio (DPR) is currently 56.00%.

A number of research firms recently issued reports on DCOM. BidaskClub downgraded shares of Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. ValuEngine upgraded shares of Dime Community Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Piper Jaffray Companies downgraded shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a research report on Friday, November 3rd. Barclays boosted their target price on shares of Dime Community Bancshares from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Wednesday, October 11th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $23.00 target price on shares of Dime Community Bancshares in a research report on Tuesday, October 3rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $22.17.

Institutional investors have recently modified their holdings of the business. Sei Investments Co. raised its position in shares of Dime Community Bancshares by 98,220.0% in the second quarter. Sei Investments Co. now owns 4,916 shares of the savings and loans company’s stock worth $109,000 after acquiring an additional 4,911 shares during the period. State of Alaska Department of Revenue raised its position in shares of Dime Community Bancshares by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 6,167 shares of the savings and loans company’s stock worth $120,000 after acquiring an additional 2,717 shares during the period. SG Americas Securities LLC raised its position in shares of Dime Community Bancshares by 8.4% in the second quarter. SG Americas Securities LLC now owns 6,243 shares of the savings and loans company’s stock worth $122,000 after acquiring an additional 486 shares during the period. Victory Capital Management Inc. raised its position in shares of Dime Community Bancshares by 17.6% in the second quarter. Victory Capital Management Inc. now owns 9,442 shares of the savings and loans company’s stock worth $185,000 after acquiring an additional 1,416 shares during the period. Finally, Federated Investors Inc. PA raised its position in shares of Dime Community Bancshares by 0.5% in the second quarter. Federated Investors Inc. PA now owns 9,493 shares of the savings and loans company’s stock worth $186,000 after acquiring an additional 47 shares during the period. Institutional investors and hedge funds own 68.55% of the company’s stock.

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About Dime Community Bancshares

Dime Community Bancshares, Inc operates as a holding company for Dime Community Bank (the Bank), a chartered savings bank. The Company is a unitary savings and loan holding company. The Company operates through Community Banking segment. The Bank’s principal business is gathering retail deposits, and lending them primarily in multifamily residential, commercial real estate and mixed use loans, as well as investing in mortgage-backed securities (MBS), obligations of the United States Government and Government Sponsored Entities (GSEs), and corporate debt and equity securities.

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