Raymond Nielsen Sells 1,000 Shares of Dime Community Bancshares (NASDAQ:DCOM) Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Raymond Nielsen sold 1,000 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $30.92, for a total transaction of $30,920.00. Following the sale, the director directly owned 38,185 shares of the company’s stock, valued at approximately $1,180,680.20. This represents a 2.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Dime Community Bancshares Stock Down 2.0%

Shares of NASDAQ DCOM opened at $30.39 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1.33 billion, a PE ratio of 36.18 and a beta of 1.15. The company has a 50-day moving average of $28.97 and a 200 day moving average of $27.58. Dime Community Bancshares, Inc. has a 12-month low of $23.25 and a 12-month high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Thursday, July 24th. The savings and loans company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.01. The company had revenue of $109.54 million for the quarter, compared to analyst estimates of $107.08 million. Dime Community Bancshares had a net margin of 6.74% and a return on equity of 6.90%. During the same period in the previous year, the business posted $0.37 EPS. As a group, sell-side analysts predict that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 11th were issued a $0.3438 dividend. This represents a dividend yield of 496.0%. The ex-dividend date was Friday, August 8th. Dime Community Bancshares’s dividend payout ratio is currently 119.05%.

Hedge Funds Weigh In On Dime Community Bancshares

A number of hedge funds have recently made changes to their positions in DCOM. Wellington Management Group LLP acquired a new stake in Dime Community Bancshares during the 4th quarter worth approximately $39,073,000. T. Rowe Price Investment Management Inc. grew its position in Dime Community Bancshares by 16.9% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,357,255 shares of the savings and loans company’s stock worth $65,721,000 after purchasing an additional 340,046 shares during the last quarter. CSM Advisors LLC purchased a new position in Dime Community Bancshares during the 2nd quarter worth $6,302,000. Penn Capital Management Company LLC grew its position in Dime Community Bancshares by 44.2% during the 1st quarter. Penn Capital Management Company LLC now owns 472,415 shares of the savings and loans company’s stock worth $13,205,000 after purchasing an additional 144,856 shares during the last quarter. Finally, Brown Advisory Inc. grew its position in Dime Community Bancshares by 13.1% during the 2nd quarter. Brown Advisory Inc. now owns 1,129,067 shares of the savings and loans company’s stock worth $30,417,000 after purchasing 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 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.