Insider Selling: Dime Community Bancshares, Inc. (DCOM) Director Sells 10,000 Shares of Stock
Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Steven D. Cohn sold 10,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $19.21, for a total value of $192,100.00. Following the completion of 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 filing with the SEC, which is accessible through this link.
Dime Community Bancshares, Inc. (NASDAQ DCOM) opened at $18.60 on Thursday. Dime Community Bancshares, Inc. has a 52-week low of $18.02 and a 52-week high of $22.65. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.40 and a current ratio of 1.31. The firm has a market capitalization of $692.25, a P/E ratio of 13.38 and a beta of 0.72.
Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Thursday, January 25th. The savings and loans company reported $0.34 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.34. Dime Community Bancshares had a return on equity of 8.30% and a net margin of 22.21%. The company had revenue of $52.44 million during the quarter. equities analysts forecast that Dime Community Bancshares, Inc. will post 1.4 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of DCOM. Virtu KCG Holdings LLC purchased a new stake in Dime Community Bancshares during the 2nd quarter valued at $200,000. Neuberger Berman Group LLC purchased a new stake in Dime Community Bancshares during the 3rd quarter valued at $213,000. Teacher Retirement System of Texas purchased a new stake in Dime Community Bancshares during the 4th quarter valued at $228,000. Dynamic Technology Lab Private Ltd boosted its stake in Dime Community Bancshares by 24.1% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 15,822 shares of the savings and loans company’s stock valued at $310,000 after purchasing an additional 3,069 shares during the last quarter. Finally, Asset Management One Co. Ltd. purchased a new stake in Dime Community Bancshares during the 3rd quarter valued at $313,000. Institutional investors and hedge funds own 68.57% of the company’s stock.
A number of research analysts recently weighed in on DCOM shares. BidaskClub raised Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Barclays raised their price objective on Dime Community Bancshares from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Tuesday, January 2nd. Piper Jaffray Companies lowered Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a research report on Friday, November 3rd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $21.50 price objective on shares of Dime Community Bancshares in a research report on Tuesday, January 30th. Finally, Sandler O’Neill reaffirmed a “buy” rating and set a $23.00 price objective on shares of Dime Community Bancshares in a research report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus 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.
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