Dime Community Bancshares, Inc. (NASDAQ:DCOM) EVP Timothy Lenhoff sold 3,676 shares of the stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $18.07, for a total transaction of $66,425.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ DCOM opened at $16.83 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $623.22 million, a PE ratio of 13.05 and a beta of 0.68. Dime Community Bancshares, Inc. has a 52-week low of $15.48 and a 52-week high of $22.25.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings results on Friday, October 26th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The company had revenue of $37.25 million during the quarter, compared to analysts’ expectations of $37.90 million. Dime Community Bancshares had a return on equity of 8.34% and a net margin of 22.65%. Sell-side analysts predict that Dime Community Bancshares, Inc. will post 1.33 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 13th. Investors of record on Tuesday, November 6th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Monday, November 5th. Dime Community Bancshares’s payout ratio is presently 43.41%.

A number of research firms have recently issued reports on DCOM. BidaskClub raised shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, November 22nd. Zacks Investment Research lowered shares of Dime Community Bancshares from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 8th. ValuEngine raised shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. Finally, Barclays reduced their price target on shares of Dime Community Bancshares from $18.00 to $17.00 and set an “underweight” rating for the company in a research report on Monday, October 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $19.83.

A number of institutional investors and hedge funds have recently modified their holdings of DCOM. BlackRock Inc. raised its position in Dime Community Bancshares by 6.9% during the second quarter. BlackRock Inc. now owns 4,637,128 shares of the savings and loans company’s stock valued at $90,422,000 after acquiring an additional 298,809 shares in the last quarter. Systematic Financial Management LP raised its position in Dime Community Bancshares by 13.7% during the second quarter. Systematic Financial Management LP now owns 736,241 shares of the savings and loans company’s stock valued at $14,357,000 after acquiring an additional 88,581 shares in the last quarter. WBI Investments Inc. bought a new position in Dime Community Bancshares during the second quarter valued at approximately $1,614,000. Polaris Capital Management LLC raised its position in Dime Community Bancshares by 9.1% during the third quarter. Polaris Capital Management LLC now owns 964,083 shares of the savings and loans company’s stock valued at $17,209,000 after acquiring an additional 80,794 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Dime Community Bancshares by 2.4% during the third quarter. Vanguard Group Inc. now owns 3,316,518 shares of the savings and loans company’s stock valued at $59,200,000 after acquiring an additional 78,348 shares in the last quarter. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

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Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. It offers deposit products, such as savings, money market, and interest bearing and non-interest bearing checking accounts, as well as certificates of deposit.

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

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