Dime Community Bancshares (NASDAQ:DCOM) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Dime Community Bancshares, Inc. (NASDAQ:DCOM)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $37.63 and traded as high as $41.21. Dime Community Bancshares shares last traded at $41.0680, with a volume of 275,631 shares traded.

Dime Community Bancshares Price Performance

The company has a fifty day simple moving average of $40.47 and a 200 day simple moving average of $37.68. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 17.14 and a beta of 0.99. 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 (NASDAQ:DCOM) last issued its quarterly earnings results on Thursday, July 23rd. The savings and loans company reported $0.79 earnings per share for the quarter, meeting the consensus estimate of $0.79. Dime Community Bancshares had a return on equity of 9.12% and a net margin of 15.15%.The company had revenue of $128.41 million during the quarter, compared to analysts’ expectations of $123.46 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Equities research analysts forecast that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Friday, July 17th. Dime Community Bancshares’s dividend payout ratio is currently 36.10%.

Insider Buying and Selling

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 1,800 shares of Dime Community Bancshares stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $41.73, for a total value of $75,114.00. Following the completion of the sale, the director directly owned 32,400 shares in the company, valued at approximately $1,352,052. The trade was a 5.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Basswood Capital Management, L sold 53,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $40.76, for a total transaction of $2,160,280.00. Following the transaction, the director owned 6,440 shares in the company, valued at $262,494.40. The trade was a 89.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 167,346 shares of company stock worth $6,784,173 in the last 90 days. Corporate insiders own 7.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nykredit A S acquired a new stake in shares of Dime Community Bancshares in the 2nd quarter worth about $35,000. Hilton Head Capital Partners LLC bought a new position in Dime Community Bancshares during the 4th quarter valued at $28,000. Odyssean LLC purchased a new position in Dime Community Bancshares during the second quarter worth about $203,000. HighTower Advisors LLC bought a new position in shares of Dime Community Bancshares in the second quarter valued at approximately $211,000. Finally, Maryland State Retirement & Pension System purchased a new stake in shares of Dime Community Bancshares during the 1st quarter valued at $202,000. Institutional investors own 75.27% of the company’s stock.

About Dime Community Bancshares

Dime Community Bancshares, Inc is the holding company for Dime Community Bank, a commercial bank serving businesses, homeowners and consumers in the New York metropolitan area. The company is headquartered in Hauppauge, New York, and operates branches primarily across Long Island and in the boroughs of Brooklyn and Queens.

Dime Community Bank provides deposit accounts, commercial and residential real estate lending, commercial and industrial loans, consumer lending, cash-management services and other banking products.