Raymond Nielsen Sells 2,000 Shares of Dime Community Bancshares (NASDAQ:DCOM) Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Raymond Nielsen sold 2,000 shares of Dime Community Bancshares stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $26.61, for a total transaction of $53,220.00. Following the transaction, the director directly owned 36,185 shares in the company, valued at $962,882.85. The trade was a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Dime Community Bancshares Stock Down 0.8%

Dime Community Bancshares stock opened at $26.22 on Wednesday. The company’s 50 day simple moving average is $29.60 and its 200 day simple moving average is $28.11. Dime Community Bancshares, Inc. has a fifty-two week low of $23.25 and a fifty-two week high of $37.60. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 23.00 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.03 and a quick ratio of 1.02.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Thursday, October 23rd. The savings and loans company reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.06). Dime Community Bancshares had a return on equity of 7.81% and a net margin of 8.72%.The firm had revenue of $103.40 million for the quarter, compared to the consensus estimate of $112.75 million. During the same period in the previous year, the business earned $0.29 EPS. As a group, sell-side analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 17th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, October 17th. This represents a $1.00 dividend on an annualized basis and a yield of 3.8%. Dime Community Bancshares’s payout ratio is presently 87.72%.

Institutional Trading of Dime Community Bancshares

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its position in Dime Community Bancshares by 14.0% during the first quarter. GAMMA Investing LLC now owns 3,931 shares of the savings and loans company’s stock worth $110,000 after acquiring an additional 483 shares in the last quarter. Raymond James Financial Inc. grew its holdings in Dime Community Bancshares by 11.1% during the first quarter. Raymond James Financial Inc. now owns 175,293 shares of the savings and loans company’s stock worth $4,887,000 after purchasing an additional 17,499 shares during the period. Jump Financial LLC bought a new position in Dime Community Bancshares during the first quarter worth about $433,000. TD Asset Management Inc grew its holdings in Dime Community Bancshares by 19.1% during the first quarter. TD Asset Management Inc now owns 78,738 shares of the savings and loans company’s stock worth $2,195,000 after purchasing an additional 12,652 shares during the period. Finally, Ieq Capital LLC grew its holdings in Dime Community Bancshares by 144.1% during the first quarter. Ieq Capital LLC now owns 22,176 shares of the savings and loans company’s stock worth $618,000 after purchasing an additional 13,090 shares during the period. Institutional investors own 75.27% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on DCOM shares. DA Davidson started coverage on shares of Dime Community Bancshares in a research note on Monday, October 27th. They issued a “buy” rating and a $36.00 price target on the stock. Zacks Research downgraded Dime Community Bancshares from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. Keefe, Bruyette & Woods dropped their price target on Dime Community Bancshares from $37.00 to $34.00 and set an “outperform” rating on the stock in a research note on Monday, October 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Dime Community Bancshares in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Dime Community Bancshares presently has a consensus rating of “Moderate Buy” and an average target price of $35.13.

Dime Community Bancshares Company Profile

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.