Dime Community Bancshares, Inc. (NASDAQ:DCOM) CTO Michael Fegan Sells 2,000 Shares of Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) CTO Michael Fegan sold 2,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $35.76, for a total transaction of $71,520.00. Following the completion of the sale, the chief technology officer now directly owns 20,155 shares in the company, valued at approximately $720,742.80. The trade was a 9.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Dime Community Bancshares Trading Down 1.5 %

Shares of Dime Community Bancshares stock opened at $34.80 on Wednesday. The firm has a 50-day simple moving average of $32.19 and a two-hundred day simple moving average of $26.01. The company has a market cap of $1.36 billion, a P/E ratio of 23.20 and a beta of 1.03. Dime Community Bancshares, Inc. has a fifty-two week low of $17.29 and a fifty-two week high of $37.60. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings results on Tuesday, October 22nd. The savings and loans company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.12). Dime Community Bancshares had a return on equity of 5.58% and a net margin of 9.65%. The company had revenue of $171.87 million for the quarter, compared to analyst estimates of $86.65 million. During the same quarter last year, the company earned $0.56 EPS. As a group, equities analysts predict that Dime Community Bancshares, Inc. will post 1.49 earnings per share for the current fiscal year.

Dime Community Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, October 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.87%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 66.67%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DCOM. SG Americas Securities LLC acquired a new position in shares of Dime Community Bancshares during the 2nd quarter worth about $400,000. Hennion & Walsh Asset Management Inc. grew its stake in Dime Community Bancshares by 46.4% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 18,788 shares of the savings and loans company’s stock valued at $383,000 after acquiring an additional 5,951 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Dime Community Bancshares by 496.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,805 shares of the savings and loans company’s stock valued at $98,000 after acquiring an additional 4,000 shares in the last quarter. Stieven Capital Advisors L.P. grew its stake in Dime Community Bancshares by 22.2% during the 2nd quarter. Stieven Capital Advisors L.P. now owns 298,345 shares of the savings and loans company’s stock valued at $6,086,000 after acquiring an additional 54,193 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in Dime Community Bancshares by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 109,328 shares of the savings and loans company’s stock valued at $2,230,000 after acquiring an additional 428 shares in the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.

Wall Street Analyst Weigh In

DCOM has been the topic of several recent research reports. Stephens raised shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $30.00 to $39.00 in a report on Monday, November 18th. Keefe, Bruyette & Woods upped their price target on shares of Dime Community Bancshares from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. StockNews.com lowered shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Finally, Raymond James upped their price objective on shares of Dime Community Bancshares from $35.00 to $36.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Dime Community Bancshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans.