Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Raymond A. Nielsen Sells 3,000 Shares of Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Raymond A. Nielsen sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $31.25, for a total transaction of $93,750.00. Following the completion of the transaction, the director now directly owns 41,185 shares of the company’s stock, valued at approximately $1,287,031.25. This represents a 6.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Dime Community Bancshares Price Performance

Shares of Dime Community Bancshares stock opened at $30.46 on Tuesday. Dime Community Bancshares, Inc. has a 52-week low of $17.29 and a 52-week high of $37.60. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 51.63 and a beta of 1.05. The company has a fifty day moving average of $31.40 and a 200-day moving average of $30.26. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.03 and a current ratio of 1.03.

Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings data on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). Dime Community Bancshares had a net margin of 4.50% and a return on equity of 5.43%. Equities research analysts expect that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 17th were paid a $0.25 dividend. The ex-dividend date was Friday, January 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.28%. Dime Community Bancshares’s dividend payout ratio (DPR) is 169.49%.

Wall Street Analysts Forecast Growth

DCOM has been the subject of a number of research reports. Stephens raised shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $30.00 to $39.00 in a research note on Monday, November 18th. Keefe, Bruyette & Woods cut their price target on shares of Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Finally, Piper Sandler raised shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $36.00 to $38.00 in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.40.

Institutional Investors Weigh In On Dime Community Bancshares

A number of institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC boosted its position in Dime Community Bancshares by 125.0% during the 4th quarter. CoreCap Advisors LLC now owns 900 shares of the savings and loans company’s stock valued at $28,000 after buying an additional 500 shares during the period. Sterling Capital Management LLC boosted its position in Dime Community Bancshares by 861.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,135 shares of the savings and loans company’s stock valued at $35,000 after buying an additional 1,017 shares during the period. Parkside Financial Bank & Trust boosted its position in Dime Community Bancshares by 58.0% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,782 shares of the savings and loans company’s stock valued at $55,000 after buying an additional 654 shares during the period. KBC Group NV boosted its position in Dime Community Bancshares by 50.8% during the 4th quarter. KBC Group NV now owns 2,697 shares of the savings and loans company’s stock valued at $83,000 after buying an additional 909 shares during the period. Finally, USA Financial Formulas purchased a new stake in Dime Community Bancshares during the 4th quarter valued at $92,000. Hedge funds and other institutional investors own 75.27% of the company’s stock.

About Dime Community Bancshares

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.