Dime Community Bancshares, Inc. (NASDAQ:DCOM - Get Free Report) CTO Michael Fegan sold 2,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $35.76, for a total transaction of $71,520.00. Following the completion of the sale, the chief technology officer now directly owns 20,155 shares of the company's stock, valued at approximately $720,742.80. This trade represents a 9.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Dime Community Bancshares Stock Performance
NASDAQ:DCOM opened at $34.80 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $1.36 billion, a P/E ratio of 23.20 and a beta of 1.03. The company has a 50 day moving average price of $32.19 and a 200 day moving average price of $26.01. Dime Community Bancshares, Inc. has a fifty-two week low of $17.29 and a fifty-two week high of $37.60.
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Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last released its earnings results on Tuesday, October 22nd. The savings and loans company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.12). The business had revenue of $171.87 million for the quarter, compared to analyst estimates of $86.65 million. Dime Community Bancshares had a return on equity of 5.58% and a net margin of 9.65%. During the same quarter last year, the company earned $0.56 earnings per share. Equities research analysts forecast that Dime Community Bancshares, Inc. will post 1.49 EPS for the current year.
Dime Community Bancshares Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $1.00 dividend on an annualized basis and a yield of 2.87%. Dime Community Bancshares's dividend payout ratio (DPR) is presently 66.67%.
Institutional Investors Weigh In On Dime Community Bancshares
A number of hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers lifted its holdings in Dime Community Bancshares by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 109,328 shares of the savings and loans company's stock worth $2,230,000 after buying an additional 428 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Dime Community Bancshares by 9.4% in the 3rd quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company's stock valued at $155,000 after purchasing an additional 465 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Dime Community Bancshares by 30.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company's stock valued at $85,000 after purchasing an additional 685 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Dime Community Bancshares by 31.2% in the 3rd quarter. Nisa Investment Advisors LLC now owns 6,305 shares of the savings and loans company's stock valued at $182,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Dime Community Bancshares by 4.5% in the 2nd quarter. Victory Capital Management Inc. now owns 46,000 shares of the savings and loans company's stock valued at $938,000 after purchasing an additional 2,000 shares in the last quarter. 75.27% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on DCOM shares. StockNews.com cut shares of Dime Community Bancshares from a "hold" rating to a "sell" rating in a research note on Saturday, September 21st. Raymond James increased their price target on shares of Dime Community Bancshares from $35.00 to $36.00 and gave the company a "strong-buy" rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods increased their price target on shares of Dime Community Bancshares from $38.00 to $42.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Finally, Stephens raised shares of Dime Community Bancshares from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $30.00 to $39.00 in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Dime Community Bancshares presently has a consensus rating of "Moderate Buy" and a consensus target price of $34.20.
Check Out Our Latest Stock Analysis on DCOM
Dime Community Bancshares Company Profile
(
Get Free Report)
Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans.
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