Dime Community Bancshares, Inc. (NASDAQ:DCOM – Get Free Report) Director Basswood Capital Management, L sold 10,929 shares of the stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $40.79, for a total transaction of $445,793.91. Following the completion of the transaction, the director directly owned 6,728 shares of the company’s stock, valued at $274,435.12. The trade was a 61.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Basswood Capital Management, L also recently made the following trade(s):
- 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 stock was sold at an average price of $40.76, for a total transaction of $2,160,280.00.
- 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
Shares of DCOM traded up $0.46 during trading hours on Monday, reaching $41.22. 258,793 shares of the company traded hands, compared to its average volume of 305,344. The stock has a market capitalization of $1.82 billion, a P/E ratio of 17.47 and a beta of 0.99. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. Dime Community Bancshares, Inc. has a 12-month low of $25.63 and a 12-month high of $41.62. The business has a fifty day moving average price of $39.33 and a 200-day moving average price of $36.11.
Dime Community Bancshares Announces Dividend
Wall Street Analysts Forecast Growth
DCOM has been the topic of several research analyst reports. DA Davidson boosted their price target 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. Keefe, Bruyette & Woods raised 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. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.75.
Read Our Latest Analysis on DCOM
Institutional Trading of Dime Community Bancshares
Several large investors have recently made changes to their positions in DCOM. Sovran Advisors LLC purchased a new position in shares of Dime Community Bancshares during the fourth quarter worth $1,065,000. Rockefeller Capital Management L.P. boosted its holdings in Dime Community Bancshares by 40,939.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 37,756 shares of the savings and loans company’s stock valued at $1,136,000 after purchasing an additional 37,664 shares during the last quarter. Verition Fund Management LLC boosted its holdings in Dime Community Bancshares by 19.8% in the fourth quarter. Verition Fund Management LLC now owns 599,103 shares of the savings and loans company’s stock valued at $18,027,000 after purchasing an additional 99,011 shares during the last quarter. UBS Group AG grew its position in Dime Community Bancshares by 17.6% during the 4th quarter. UBS Group AG now owns 213,325 shares of the savings and loans company’s stock worth $6,419,000 after purchasing an additional 31,968 shares during the period. Finally, Empowered Funds LLC grew its position in Dime Community Bancshares by 7.3% during the 1st quarter. Empowered Funds LLC now owns 190,377 shares of the savings and loans company’s stock worth $6,439,000 after purchasing an additional 13,023 shares during the period. 75.27% of the stock is owned by hedge funds and other 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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