Basswood Capital Management, L Sells 20,687 Shares of Dime Community Bancshares (NASDAQ:DCOM) Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Basswood Capital Management, L sold 20,687 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $41.17, for a total value of $851,683.79. Following the transaction, the director directly owned 6,396 shares of the company’s stock, valued at $263,323.32. The trade was a 76.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Basswood Capital Management, L also recently made the following trade(s):

• On Friday, July 31st, Basswood Capital Management, L sold 53,000 shares of Dime Community Bancshares stock. The shares were sold at an average price of $40.76, for a total value of $2,160,280.00.
• On Thursday, July 30th, Basswood Capital Management, L sold 10,929 shares of Dime Community Bancshares stock. The shares were 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 shares were 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 Price Performance

NASDAQ:DCOM opened at $41.71 on Wednesday. Dime Community Bancshares, Inc. has a 12-month low of $25.63 and a 12-month high of $41.97. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 17.67 and a beta of 0.99. The company’s 50-day moving average is $39.50 and its two-hundred day moving average is $36.27. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.57.

Dime Community Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 17th were issued a $0.25 dividend. The ex-dividend date was Friday, July 17th. This represents a $1.00 annualized dividend and a yield of 2.4%. Dime Community Bancshares’s payout ratio is 36.10%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. 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 report on Friday, April 24th. DA Davidson upped their price target on shares of 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 equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.75.

Hedge Funds Weigh In On Dime Community Bancshares

A number of institutional investors have recently made changes to their positions in the business. Hilton Head Capital Partners LLC acquired a new stake in shares of Dime Community Bancshares during the fourth quarter worth approximately $28,000. Larson Financial Group LLC raised its holdings in Dime Community Bancshares by 742.9% in the third quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company’s stock valued at $30,000 after acquiring an additional 884 shares in the last quarter. iSAM Funds UK Ltd acquired a new stake in Dime Community Bancshares in the third quarter valued at $169,000. Tower Research Capital LLC TRC boosted its stake in Dime Community Bancshares by 326.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company’s stock valued at $156,000 after acquiring an additional 4,446 shares during the last quarter. Finally, Maryland State Retirement & Pension System acquired a new position in Dime Community Bancshares during the 1st quarter worth $202,000. 75.27% of the stock is owned by institutional investors and hedge funds.

About Dime Community Bancshares

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.