Insider Selling: Dime Community Bancshares (NASDAQ:DCOM) Director Sells $61,198.50 in Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Raymond Nielsen sold 1,650 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $37.09, for a total transaction of $61,198.50. Following the completion of the transaction, the director owned 35,607 shares in the company, valued at approximately $1,320,663.63. The trade was a 4.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Dime Community Bancshares Trading Down 1.3%

Dime Community Bancshares stock opened at $36.14 on Thursday. The firm’s 50-day moving average is $34.57 and its 200-day moving average is $32.06. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.02. Dime Community Bancshares, Inc. has a 1 year low of $24.57 and a 1 year high of $37.90. The company has a market cap of $1.59 billion, a P/E ratio of 15.31 and a beta of 1.00.

Dime Community Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 17th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, April 17th. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 37.59%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hilton Head Capital Partners LLC acquired a new position in Dime Community Bancshares during the 4th quarter valued at about $28,000. Larson Financial Group LLC raised its position in shares of Dime Community Bancshares by 742.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company’s stock worth $30,000 after buying an additional 884 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Dime Community Bancshares by 326.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company’s stock worth $156,000 after buying an additional 4,446 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in shares of Dime Community Bancshares during the 3rd quarter worth about $169,000. Finally, Maryland State Retirement & Pension System bought a new stake in shares of Dime Community Bancshares during the 1st quarter worth about $202,000. 75.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised their price target on shares of Dime Community Bancshares from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. DA Davidson lifted their price objective on shares of Dime Community Bancshares from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Weiss Ratings raised shares of Dime Community Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 9th. Wall Street Zen lowered shares of Dime Community Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Stephens boosted their target price on shares of Dime Community Bancshares from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Dime Community Bancshares has a consensus rating of “Moderate Buy” and an average target price of $39.75.

About Dime Community Bancshares

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.