Stuart Lubow Sells 19,550 Shares of Dime Community Bancshares (NASDAQ:DCOM) Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) CEO Stuart Lubow sold 19,550 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $35.07, for a total value of $685,618.50. Following the transaction, the chief executive officer directly owned 202,648 shares in the company, valued at approximately $7,106,865.36. The trade was a 8.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Dime Community Bancshares Stock Performance

NASDAQ DCOM opened at $34.95 on Thursday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $1.53 billion, a P/E ratio of 14.81 and a beta of 1.11. The stock has a 50-day moving average of $32.41 and a two-hundred day moving average of $30.15. Dime Community Bancshares, Inc. has a 1-year low of $23.25 and a 1-year high of $36.86.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Wednesday, January 21st. The savings and loans company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.70 by $0.09. Dime Community Bancshares had a net margin of 15.15% and a return on equity of 9.12%. The business had revenue of $123.85 million during the quarter, compared to analyst estimates of $118.14 million. During the same quarter last year, the firm posted $0.42 earnings per share. As a group, analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 16th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. Dime Community Bancshares’s payout ratio is currently 42.37%.

Hedge Funds Weigh In On Dime Community Bancshares

A number of large investors have recently bought and sold shares of DCOM. Hilton Head Capital Partners LLC acquired a new position in shares of Dime Community Bancshares during the fourth quarter worth about $28,000. Larson Financial Group LLC boosted its holdings in Dime Community Bancshares by 742.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company’s stock valued at $30,000 after purchasing an additional 884 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new position in Dime Community Bancshares during the 2nd quarter worth approximately $97,000. GAMMA Investing LLC raised its stake in shares of Dime Community Bancshares by 15.1% during the 3rd quarter. GAMMA Investing LLC now owns 4,448 shares of the savings and loans company’s stock worth $133,000 after buying an additional 584 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Dime Community Bancshares by 326.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company’s stock valued at $156,000 after buying an additional 4,446 shares during the period. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Analyst Upgrades and Downgrades

DCOM has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Dime Community Bancshares from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Keefe, Bruyette & Woods increased their price objective on Dime Community Bancshares from $34.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Zacks Research raised shares of Dime Community Bancshares from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Stephens upped their price target on shares of Dime Community Bancshares from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dime Community Bancshares in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $38.33.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.