Dime Community Bancshares (NASDAQ:DCOM) Director Basswood Capital Management, L Sells 14,513 Shares

Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Basswood Capital Management, L sold 14,513 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $39.67, for a total transaction of $575,730.71. Following the completion of the transaction, the director directly owned 7,163 shares of the company’s stock, valued at approximately $284,156.21. The trade was a 66.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Basswood Capital Management, L also recently made the following trade(s):

• On Tuesday, June 16th, Basswood Capital Management, L sold 14,019 shares of Dime Community Bancshares stock. The shares were sold at an average price of $39.29, for a total transaction of $550,806.51.

Dime Community Bancshares Stock Up 0.4%

Shares of DCOM stock traded up $0.17 during trading hours on Tuesday, hitting $39.41. 245,534 shares of the company were exchanged, compared to its average volume of 292,092. 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 one year low of $25.63 and a one year high of $40.76. The business’s 50-day simple moving average is $36.77 and its two-hundred day simple moving average is $33.80. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 16.70 and a beta of 1.00.

Dime Community Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 37.59%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Keefe, Bruyette & Woods raised their target price on shares of Dime Community Bancshares from $40.00 to $43.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. 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. Weiss Ratings upgraded shares of Dime Community Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 9th. DA Davidson lifted their price target on shares of Dime Community Bancshares from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, Piper Sandler started coverage on shares of Dime Community Bancshares in a research report on Monday, March 16th. They set an “overweight” rating and a $37.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds 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 worth $28,000. Larson Financial Group LLC lifted its position in 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 acquiring an additional 884 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in 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 acquiring an additional 4,446 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in Dime Community Bancshares during the 3rd quarter worth $169,000. Finally, Maryland State Retirement & Pension System acquired a new position in Dime Community Bancshares during the 1st quarter worth $202,000. Institutional investors and hedge funds own 75.27% of the company’s stock.

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.