Steven D. Cohn Sells 10,000 Shares of Dime Community Bancshares, Inc. (DCOM) Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Steven D. Cohn sold 10,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $19.21, for a total value of $192,100.00. Following the completion of the sale, the director now owns 81,990 shares in the company, valued at $1,575,027.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Dime Community Bancshares, Inc. (NASDAQ DCOM) traded down $0.13 during midday trading on Tuesday, reaching $18.37. The company’s stock had a trading volume of 123,244 shares, compared to its average volume of 211,576. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.31 and a quick ratio of 1.40. The company has a market cap of $716.58, a PE ratio of 13.31 and a beta of 0.72. Dime Community Bancshares, Inc. has a 1-year low of $18.05 and a 1-year high of $22.65.

Dime Community Bancshares (NASDAQ:DCOM) last announced its earnings results on Thursday, January 25th. The savings and loans company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $52.44 million for the quarter. Dime Community Bancshares had a return on equity of 8.30% and a net margin of 22.21%. analysts forecast that Dime Community Bancshares, Inc. will post 1.4 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, February 5th. This represents a $0.56 annualized dividend and a yield of 3.05%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 40.29%.

Several research analysts have commented on DCOM shares. Barclays raised their price objective on Dime Community Bancshares from $21.00 to $22.00 and gave the stock an “underweight” rating in a report on Tuesday, January 2nd. ValuEngine downgraded Dime Community Bancshares from a “buy” rating to a “hold” rating in a report on Friday. Piper Jaffray Companies downgraded Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a report on Friday, November 3rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $21.50 price objective on shares of Dime Community Bancshares in a report on Tuesday, January 30th. Finally, BidaskClub cut Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.25.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. boosted its position in Dime Community Bancshares by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 118,628 shares of the savings and loans company’s stock valued at $2,326,000 after acquiring an additional 684 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in shares of Dime Community Bancshares by 6.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 18,775 shares of the savings and loans company’s stock worth $368,000 after purchasing an additional 1,090 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Dime Community Bancshares by 8.0% in the 2nd quarter. Voya Investment Management LLC now owns 21,285 shares of the savings and loans company’s stock worth $417,000 after purchasing an additional 1,575 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Dime Community Bancshares by 1.0% in the 3rd quarter. Mutual of America Capital Management LLC now owns 224,254 shares of the savings and loans company’s stock worth $4,821,000 after purchasing an additional 2,298 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Dime Community Bancshares by 3.4% in the 2nd quarter. Alliancebernstein L.P. now owns 72,501 shares of the savings and loans company’s stock worth $1,421,000 after purchasing an additional 2,400 shares in the last quarter. 68.57% of the stock is currently owned by institutional investors and hedge funds.

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Dime Community Bancshares Company Profile

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.

Insider Buying and Selling by Quarter for Dime Community Bancshares (NASDAQ:DCOM)

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