Insider Selling: Dime Community Bancshares (NASDAQ:DCOM) CEO Sells 5,476 Shares of Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) CEO Stuart Lubow sold 5,476 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $35.14, for a total transaction of $192,426.64. Following the sale, the chief executive officer directly owned 222,198 shares in the company, valued at $7,808,037.72. The trade was a 2.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dime Community Bancshares Stock Performance

Shares of DCOM traded up $0.32 during trading hours on Tuesday, hitting $35.56. The stock had a trading volume of 25,359 shares, compared to its average volume of 298,193. The firm has a 50-day moving average price of $32.21 and a 200 day moving average price of $30.06. Dime Community Bancshares, Inc. has a fifty-two week low of $23.25 and a fifty-two week high of $36.86. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 15.07 and a beta of 1.11. 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 (NASDAQ:DCOM) last issued its quarterly earnings data on Wednesday, January 21st. The savings and loans company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.09. Dime Community Bancshares had a net margin of 15.15% and a return on equity of 9.12%. The business had revenue of $123.85 million during the quarter, compared to the consensus estimate of $118.14 million. During the same quarter in the prior year, the firm posted $0.42 earnings per share. As a group, research analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 16th were given a dividend of $0.25 per share. The ex-dividend date was Friday, January 16th. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. Dime Community Bancshares’s dividend payout ratio is currently 42.37%.

Analyst Ratings Changes

DCOM has been the subject of several research analyst reports. Stephens upped their target price on Dime Community Bancshares from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Friday, January 23rd. DA Davidson upped their price objective on shares of Dime Community Bancshares from $37.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Dime Community Bancshares from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Keefe, Bruyette & Woods upped their price target on shares of Dime Community Bancshares from $34.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Finally, Wall Street Zen upgraded Dime Community Bancshares from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $38.33.

Institutional Trading of Dime Community Bancshares

Several large investors have recently bought and sold shares of DCOM. Squarepoint Ops LLC increased its position in Dime Community Bancshares by 59.6% during the second quarter. Squarepoint Ops LLC now owns 86,946 shares of the savings and loans company’s stock worth $2,342,000 after purchasing an additional 32,467 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Dime Community Bancshares by 15.6% in the 3rd quarter. New York State Common Retirement Fund now owns 350,807 shares of the savings and loans company’s stock valued at $10,465,000 after buying an additional 47,338 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Dime Community Bancshares by 31.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 160,927 shares of the savings and loans company’s stock worth $4,335,000 after buying an additional 38,395 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in shares of Dime Community Bancshares during the 2nd quarter valued at approximately $1,697,000. Finally, Brown Advisory Inc. lifted its holdings in Dime Community Bancshares by 13.1% in the second quarter. Brown Advisory Inc. now owns 1,129,067 shares of the savings and loans company’s stock valued at $30,417,000 after acquiring an additional 131,087 shares during the last quarter. Hedge funds and other institutional investors own 75.27% of the company’s stock.

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.