Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Kathleen M. Nelson acquired 1,000 shares of the stock in a transaction on Wednesday, November 21st. The stock was bought at an average price of $17.12 per share, with a total value of $17,120.00. Following the transaction, the director now directly owns 24,435 shares in the company, valued at approximately $418,327.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of NASDAQ:DCOM traded up $0.20 during trading on Wednesday, hitting $17.03. 10,599 shares of the company’s stock were exchanged, compared to its average volume of 232,403. Dime Community Bancshares, Inc. has a 1-year low of $15.48 and a 1-year high of $22.65. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $617.02 million, a price-to-earnings ratio of 13.18 and a beta of 0.66.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings results on Friday, October 26th. The savings and loans company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). Dime Community Bancshares had a return on equity of 8.34% and a net margin of 22.65%. The business had revenue of $37.25 million for the quarter, compared to analyst estimates of $37.90 million. Equities research analysts anticipate that Dime Community Bancshares, Inc. will post 1.33 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 13th. Stockholders of record on Tuesday, November 6th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Monday, November 5th. Dime Community Bancshares’s dividend payout ratio is 43.41%.

Large investors have recently modified their holdings of the company. Piedmont Investment Advisors LLC acquired a new stake in shares of Dime Community Bancshares during the 2nd quarter worth approximately $141,000. Engineers Gate Manager LP acquired a new stake in shares of Dime Community Bancshares during the 3rd quarter worth approximately $238,000. Teachers Retirement System of The State of Kentucky grew its position in shares of Dime Community Bancshares by 63.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 14,434 shares of the savings and loans company’s stock worth $258,000 after buying an additional 5,600 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Dime Community Bancshares during the 2nd quarter worth approximately $322,000. Finally, HGK Asset Management Inc. grew its position in shares of Dime Community Bancshares by 19.3% during the 2nd quarter. HGK Asset Management Inc. now owns 18,619 shares of the savings and loans company’s stock worth $363,000 after buying an additional 3,013 shares during the period. Institutional investors own 75.32% of the company’s stock.

Several equities research analysts have weighed in on the stock. ValuEngine cut shares of Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, July 30th. BidaskClub upgraded shares of Dime Community Bancshares from a “strong sell” rating to a “sell” rating in a research report on Friday, October 5th. Zacks Investment Research cut shares of Dime Community Bancshares from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 8th. Finally, Barclays lowered their price objective on shares of Dime Community Bancshares from $18.00 to $17.00 and set an “underweight” rating for the company in a research report on Monday, October 29th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $19.83.

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Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. It offers deposit products, such as savings, money market, and interest bearing and non-interest bearing checking accounts, as well as certificates of deposit.

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