Dime Community Bancshares, Inc. (NASDAQ:DCOM – Get Free Report) Director Basswood Capital Management, L sold 14,019 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $39.29, for a total value of $550,806.51. Following the sale, the director owned 7,040 shares in the company, valued at $276,601.60. The trade was a 66.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Basswood Capital Management, L also recently made the following trade(s):
- On Friday, June 12th, Basswood Capital Management, L sold 15,870 shares of Dime Community Bancshares stock. The stock was sold at an average price of $40.08, for a total value of $636,069.60.
- On Monday, June 15th, Basswood Capital Management, L sold 14,513 shares of Dime Community Bancshares stock. The stock was sold at an average price of $39.67, for a total value of $575,730.71.
Dime Community Bancshares Stock Up 0.4%
Shares of Dime Community Bancshares stock opened at $39.41 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.57. The business’s 50 day simple moving average is $36.88 and its 200-day simple moving average is $33.88. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 16.70 and a beta of 1.00. Dime Community Bancshares, Inc. has a twelve month low of $25.63 and a twelve month high of $40.76.
Dime Community Bancshares Dividend Announcement
Wall Street Analysts Forecast Growth
DCOM has been the topic of a number of research reports. Weiss Ratings upgraded Dime Community Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 9th. Wall Street Zen cut Dime Community Bancshares from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Keefe, Bruyette & Woods raised their target price on Dime Community Bancshares from $40.00 to $43.00 and gave the company an “outperform” rating in a research report on Friday, April 24th. Piper Sandler began coverage on Dime Community Bancshares in a research report on Monday, March 16th. They issued an “overweight” rating and a $37.00 target price on the stock. Finally, DA Davidson raised their target price on Dime Community Bancshares from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.75.
Read Our Latest Analysis on Dime Community Bancshares
Institutional Trading of Dime Community Bancshares
Several large investors have recently added to or reduced their stakes in DCOM. Royal Bank of Canada increased its position in Dime Community Bancshares by 15.7% in the 1st quarter. Royal Bank of Canada now owns 23,143 shares of the savings and loans company’s stock valued at $645,000 after acquiring an additional 3,135 shares during the period. AQR Capital Management LLC boosted its stake in Dime Community Bancshares by 132.3% during the 1st quarter. AQR Capital Management LLC now owns 169,503 shares of the savings and loans company’s stock valued at $4,726,000 after purchasing an additional 96,523 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Dime Community Bancshares by 17.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,621 shares of the savings and loans company’s stock valued at $659,000 after purchasing an additional 3,443 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Dime Community Bancshares by 5.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 324,976 shares of the savings and loans company’s stock valued at $9,060,000 after purchasing an additional 18,195 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in Dime Community Bancshares by 5.4% during the 1st quarter. Empowered Funds LLC now owns 82,084 shares of the savings and loans company’s stock valued at $2,289,000 after purchasing an additional 4,231 shares in the last quarter. 75.27% of the stock is currently owned by institutional investors and hedge funds.
Dime Community Bancshares Company Profile
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.
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