Raymond A. Nielsen Sells 3,000 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Raymond A. Nielsen sold 3,000 shares of Dime Community Bancshares stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $31.25, for a total value of $93,750.00. Following the transaction, the director now owns 41,185 shares of the company’s stock, valued at $1,287,031.25. The trade was a 6.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Dime Community Bancshares Trading Down 0.4 %

NASDAQ:DCOM traded down $0.13 during trading hours on Monday, hitting $30.46. The company had a trading volume of 263,441 shares, compared to its average volume of 310,799. Dime Community Bancshares, Inc. has a 52 week low of $17.29 and a 52 week high of $37.60. The company has a market capitalization of $1.33 billion, a PE ratio of 51.63 and a beta of 1.05. The stock has a 50-day moving average price of $31.48 and a 200 day moving average price of $30.20. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.03 and a quick ratio of 1.03.

Dime Community Bancshares (NASDAQ:DCOM) last issued its earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). Dime Community Bancshares had a return on equity of 5.43% and a net margin of 4.50%. On average, equities research analysts predict that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 17th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Friday, January 17th. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 169.49%.

Hedge Funds Weigh In On Dime Community Bancshares

Several institutional investors and hedge funds have recently bought and sold shares of DCOM. CoreCap Advisors LLC boosted its holdings in Dime Community Bancshares by 125.0% in the 4th quarter. CoreCap Advisors LLC now owns 900 shares of the savings and loans company’s stock worth $28,000 after buying an additional 500 shares during the period. Sterling Capital Management LLC grew its holdings in shares of Dime Community Bancshares by 861.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,135 shares of the savings and loans company’s stock valued at $35,000 after purchasing an additional 1,017 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Dime Community Bancshares by 58.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,782 shares of the savings and loans company’s stock worth $55,000 after buying an additional 654 shares in the last quarter. KBC Group NV increased its stake in Dime Community Bancshares by 50.8% during the fourth quarter. KBC Group NV now owns 2,697 shares of the savings and loans company’s stock worth $83,000 after acquiring an additional 909 shares during the last quarter. Finally, USA Financial Formulas bought a new position in shares of Dime Community Bancshares during the 4th quarter valued at approximately $92,000. 75.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on DCOM shares. Stephens upgraded shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $30.00 to $39.00 in a research report on Monday, November 18th. Keefe, Bruyette & Woods cut their price objective on Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. Finally, Piper Sandler upgraded Dime Community Bancshares from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $36.00 to $38.00 in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Dime Community Bancshares presently has an average rating of “Moderate Buy” and a consensus target price of $36.40.

About Dime Community Bancshares

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.