Dime Community Bancshares, Inc. (NASDAQ:DCOM – Get Free Report) Director Basswood Capital Management, L sold 32,335 shares of Dime Community Bancshares stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $40.96, for a total value of $1,324,441.60. Following the transaction, the director directly owned 6,153 shares of the company’s stock, valued at approximately $252,026.88. The trade was a 84.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Basswood Capital Management, L also recently made the following trade(s):
- On Thursday, August 13th, Basswood Capital Management, L sold 7,170 shares of Dime Community Bancshares stock. The shares were sold at an average price of $41.40, for a total transaction of $296,838.00.
- On Tuesday, August 11th, Basswood Capital Management, L sold 8,674 shares of Dime Community Bancshares stock. The stock was sold at an average price of $40.59, for a total transaction of $352,077.66.
- On Monday, August 3rd, Basswood Capital Management, L sold 20,687 shares of Dime Community Bancshares stock. The stock was sold at an average price of $41.17, for a total transaction of $851,683.79.
- On Friday, July 31st, Basswood Capital Management, L sold 53,000 shares of Dime Community Bancshares stock. The shares were sold at an average price of $40.76, for a total transaction of $2,160,280.00.
- On Thursday, July 30th, Basswood Capital Management, L sold 10,929 shares of Dime Community Bancshares stock. The shares were sold at an average price of $40.79, for a total transaction of $445,793.91.
- On Thursday, June 18th, Basswood Capital Management, L sold 32,751 shares of Dime Community Bancshares stock. The shares were sold at an average price of $39.02, for a total transaction of $1,277,944.02.
- 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 transaction of $636,069.60.
- On Tuesday, June 16th, Basswood Capital Management, L sold 14,019 shares of Dime Community Bancshares stock. The stock was sold at an average price of $39.29, for a total transaction of $550,806.51.
- 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 transaction of $575,730.71.
Dime Community Bancshares Stock Performance
NASDAQ:DCOM opened at $40.95 on Friday. Dime Community Bancshares, Inc. has a 1 year low of $25.63 and a 1 year high of $41.97. The firm has a 50 day moving average of $40.08 and a 200-day moving average of $36.75. 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 stock has a market capitalization of $1.81 billion, a P/E ratio of 17.35 and a beta of 0.99.
Dime Community Bancshares Dividend Announcement
Analyst Ratings Changes
A number of equities analysts have commented on DCOM shares. Keefe, Bruyette & Woods boosted their price objective on Dime Community Bancshares from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. 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 note on Monday, April 27th. One equities research 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.75.
Read Our Latest Stock Analysis on DCOM
Institutional Trading of Dime Community Bancshares
Several hedge funds have recently modified their holdings of DCOM. Hilton Head Capital Partners LLC bought a new position in Dime Community Bancshares in the 4th quarter worth approximately $28,000. Larson Financial Group LLC boosted its position in Dime Community Bancshares by 742.9% in the 3rd quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company’s stock valued at $30,000 after buying an additional 884 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Dime Community Bancshares by 326.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company’s stock valued at $156,000 after buying an additional 4,446 shares during the period. iSAM Funds UK Ltd acquired a new stake in shares of Dime Community Bancshares in the 3rd quarter valued at $169,000. Finally, Maryland State Retirement & Pension System bought a new stake in shares of Dime Community Bancshares during the first quarter worth $202,000. 75.27% of the stock is owned by institutional investors.
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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