Dime Community Bancshares (NASDAQ:DCOM) Director Raymond Nielsen Sells 1,800 Shares of Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Raymond Nielsen sold 1,800 shares of the company’s 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 transaction, the director owned 32,400 shares of the company’s stock, valued at approximately $1,352,052. This represents a 5.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Dime Community Bancshares Trading Down 1.8%

DCOM opened at $40.34 on Friday. The firm has a market capitalization of $1.78 billion, a P/E ratio of 17.09 and a beta of 0.99. The firm’s 50 day moving average is $39.72 and its 200-day moving average is $36.44. Dime Community Bancshares, Inc. has a 52-week low of $25.63 and a 52-week high of $41.97. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.57.

Dime Community Bancshares Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DCOM shares. DA Davidson upped their price objective on shares of Dime Community Bancshares from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods raised 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. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.75.

Hedge Funds Weigh In On Dime Community Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in DCOM. Hilton Head Capital Partners LLC bought a new stake in shares of Dime Community Bancshares in the fourth quarter worth $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 bought a new position in Dime Community Bancshares during the 3rd 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 bought a new position in Dime Community Bancshares during the 1st quarter valued at $202,000. 75.27% of the stock is currently owned by hedge funds and other institutional investors.

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.