Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Steven D. Cohn sold 10,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $19.21, for a total transaction of $192,100.00. Following the transaction, the director now directly owns 81,990 shares of the company’s stock, valued at approximately $1,575,027.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Dime Community Bancshares, Inc. (NASDAQ DCOM) opened at $18.50 on Wednesday. Dime Community Bancshares, Inc. has a 12 month low of $18.05 and a 12 month high of $22.65. The company has a quick ratio of 1.40, a current ratio of 1.31 and a debt-to-equity ratio of 2.14. The stock has a market cap of $692.25, a P/E ratio of 13.31 and a beta of 0.72.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Thursday, January 25th. The savings and loans company reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. Dime Community Bancshares had a net margin of 22.21% and a return on equity of 8.30%. The company had revenue of $52.44 million for the quarter. equities research analysts forecast that Dime Community Bancshares, Inc. will post 1.4 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, February 5th. This represents a $0.56 dividend on an annualized basis and a yield of 3.03%. Dime Community Bancshares’s payout ratio is currently 40.29%.

A number of hedge funds have recently added to or reduced their stakes in DCOM. Schwab Charles Investment Management Inc. raised its holdings in Dime Community Bancshares by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 118,628 shares of the savings and loans company’s stock worth $2,326,000 after purchasing an additional 684 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Dime Community Bancshares by 3.4% during the second quarter. Alliancebernstein L.P. now owns 72,501 shares of the savings and loans company’s stock worth $1,421,000 after purchasing an additional 2,400 shares in the last quarter. Teachers Advisors LLC raised its holdings in Dime Community Bancshares by 9.7% during the second quarter. Teachers Advisors LLC now owns 57,272 shares of the savings and loans company’s stock worth $1,123,000 after purchasing an additional 5,083 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Dime Community Bancshares by 13.3% during the second quarter. Ameriprise Financial Inc. now owns 192,869 shares of the savings and loans company’s stock worth $3,784,000 after purchasing an additional 22,651 shares in the last quarter. Finally, Nationwide Fund Advisors raised its holdings in Dime Community Bancshares by 28.9% during the second quarter. Nationwide Fund Advisors now owns 83,362 shares of the savings and loans company’s stock worth $1,634,000 after purchasing an additional 18,694 shares in the last quarter. 68.57% of the stock is currently owned by institutional investors.

Several research firms have recently commented on DCOM. BidaskClub lowered shares of Dime Community Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. Sandler O’Neill reissued a “buy” rating and issued a $23.00 price objective on shares of Dime Community Bancshares in a research note on Friday, January 26th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $21.50 price objective on shares of Dime Community Bancshares in a research note on Tuesday, January 30th. Piper Jaffray Companies lowered shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a research note on Friday, November 3rd. Finally, Barclays raised their price objective on shares of Dime Community Bancshares from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $22.25.

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About Dime Community Bancshares

Dime Community Bancshares, Inc operates as a holding company for Dime Community Bank (the Bank), a chartered savings bank. The Company is a unitary savings and loan holding company. The Company operates through Community Banking segment. The Bank’s principal business is gathering retail deposits, and lending them primarily in multifamily residential, commercial real estate and mixed use loans, as well as investing in mortgage-backed securities (MBS), obligations of the United States Government and Government Sponsored Entities (GSEs), and corporate debt and equity securities.

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

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