Basswood Capital Management, L Sells 3,200 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOMGet Rating) Director Basswood Capital Management, L sold 3,200 shares of the business’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $34.26, for a total value of $109,632.00. Following the completion of the transaction, the director now directly owns 6,049 shares of the company’s stock, valued at $207,238.74. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Monday, November 21st, Basswood Capital Management, L sold 32,430 shares of Dime Community Bancshares stock. The stock was sold at an average price of $34.52, for a total value of $1,119,483.60.
  • On Thursday, November 17th, Basswood Capital Management, L sold 25,540 shares of Dime Community Bancshares stock. The stock was sold at an average price of $35.03, for a total value of $894,666.20.
  • On Monday, November 7th, Basswood Capital Management, L sold 15,680 shares of Dime Community Bancshares stock. The stock was sold at an average price of $34.12, for a total value of $535,001.60.
  • On Friday, November 4th, Basswood Capital Management, L sold 35,000 shares of Dime Community Bancshares stock. The stock was sold at an average price of $33.03, for a total value of $1,156,050.00.
  • On Wednesday, November 2nd, Basswood Capital Management, L sold 23,596 shares of Dime Community Bancshares stock. The shares were sold at an average price of $33.47, for a total value of $789,758.12.

Dime Community Bancshares Trading Down 0.8 %

Shares of NASDAQ:DCOM opened at $34.28 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.99. The business’s 50-day moving average is $32.55 and its 200 day moving average is $31.69. The firm has a market capitalization of $1.32 billion, a P/E ratio of 9.60 and a beta of 1.10. Dime Community Bancshares, Inc. has a 1 year low of $28.36 and a 1 year high of $38.20.

Dime Community Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 24th. Shareholders of record on Monday, October 17th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, October 14th. This represents a $0.96 annualized dividend and a yield of 2.80%. Dime Community Bancshares’s payout ratio is presently 26.89%.

Institutional Trading of Dime Community Bancshares

Several large investors have recently added to or reduced their stakes in DCOM. Brown Advisory Inc. grew its stake in Dime Community Bancshares by 229.7% during the 2nd quarter. Brown Advisory Inc. now owns 785,550 shares of the savings and loans company’s stock valued at $23,292,000 after purchasing an additional 547,293 shares during the last quarter. Verition Fund Management LLC purchased a new stake in Dime Community Bancshares during the 3rd quarter valued at about $4,557,000. LSV Asset Management grew its stake in Dime Community Bancshares by 59.5% during the 1st quarter. LSV Asset Management now owns 363,540 shares of the savings and loans company’s stock valued at $12,568,000 after purchasing an additional 135,614 shares during the last quarter. Vanguard Group Inc. grew its stake in Dime Community Bancshares by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 2,167,447 shares of the savings and loans company’s stock valued at $74,929,000 after purchasing an additional 88,775 shares during the last quarter. Finally, Polaris Capital Management LLC grew its stake in Dime Community Bancshares by 14.4% during the 2nd quarter. Polaris Capital Management LLC now owns 680,600 shares of the savings and loans company’s stock valued at $68,884,000 after purchasing an additional 85,720 shares during the last quarter. Hedge funds and other institutional investors own 76.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DCOM shares. Stephens upped their target price on Dime Community Bancshares from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday, November 14th. Piper Sandler reduced their target price on Dime Community Bancshares to $37.00 in a research report on Wednesday, October 5th. Finally, StockNews.com started coverage on Dime Community Bancshares in a research report on Wednesday, October 12th. They set a “hold” rating on the stock.

About Dime Community Bancshares

(Get Rating)

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that provides various commercial banking and financial services. It accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. The company also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; secured and unsecured commercial and consumer loans; home equity loans; and construction and land loans.

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Insider Buying and Selling by Quarter for Dime Community Bancshares (NASDAQ:DCOM)

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