Dime Community Bancshares, Inc. (NASDAQ:DCOM – Get Free Report) Director Basswood Capital Management, L sold 53,000 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $40.76, for a total value of $2,160,280.00. Following the sale, the director owned 6,440 shares of the company’s stock, valued at approximately $262,494.40. The trade was a 89.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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 shares were sold at an average price of $41.17, for a total value of $851,683.79.
- On Thursday, July 30th, Basswood Capital Management, L sold 10,929 shares of Dime Community Bancshares stock. The stock was sold at an average price of $40.79, for a total value of $445,793.91.
- On Thursday, June 18th, Basswood Capital Management, L sold 32,751 shares of Dime Community Bancshares stock. The stock was sold at an average price of $39.02, for a total value 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 value of $636,069.60.
- On Tuesday, June 16th, Basswood Capital Management, L sold 14,019 shares of Dime Community Bancshares stock. The shares were 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 shares were sold at an average price of $39.67, for a total transaction of $575,730.71.
Dime Community Bancshares Trading Up 1.1%
DCOM traded up $0.46 during trading on Monday, reaching $41.22. 258,793 shares of the company’s stock were exchanged, compared to its average volume of 305,344. The company’s fifty day moving average price is $39.33 and its 200-day moving average price is $36.11. The firm has a market capitalization of $1.82 billion, a PE ratio of 17.47 and a beta of 0.99. Dime Community Bancshares, Inc. has a fifty-two week low of $25.63 and a fifty-two week high of $41.62. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.02.
Dime Community Bancshares Dividend Announcement
Wall Street Analyst Weigh In
Several research firms have weighed in on DCOM. Keefe, Bruyette & Woods increased their target price on Dime Community Bancshares from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. DA Davidson boosted their target price on Dime Community Bancshares from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Dime Community Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $39.75.
Check Out Our Latest Research Report on DCOM
Hedge Funds Weigh In On Dime Community Bancshares
Several institutional investors and hedge funds have recently made changes to their positions in DCOM. Royal Bank of Canada increased its holdings in shares of Dime Community Bancshares by 15.7% in the first quarter. Royal Bank of Canada now owns 23,143 shares of the savings and loans company’s stock worth $645,000 after acquiring an additional 3,135 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Dime Community Bancshares by 132.3% during the first quarter. AQR Capital Management LLC now owns 169,503 shares of the savings and loans company’s stock worth $4,726,000 after acquiring an additional 96,523 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Dime Community Bancshares by 17.1% in 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 acquiring an additional 3,443 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Dime Community Bancshares by 5.9% in 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 acquiring an additional 18,195 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in Dime Community Bancshares by 5.4% in the 1st quarter. Empowered Funds LLC now owns 82,084 shares of the savings and loans company’s stock worth $2,289,000 after purchasing an additional 4,231 shares during the period. Institutional investors and hedge funds own 75.27% of the company’s stock.
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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