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

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

Dime Community Bancshares Stock Up 0.7 %

NASDAQ:DCOM opened at $30.66 on Wednesday. Dime Community Bancshares, Inc. has a twelve month low of $17.29 and a twelve month high of $37.60. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 51.97 and a beta of 1.05. The stock has a fifty day simple moving average of $31.33 and a 200-day simple moving average of $30.32. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.69.

Dime Community Bancshares (NASDAQ:DCOM) last released its earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). Dime Community Bancshares had a return on equity of 5.43% and a net margin of 4.50%. Analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 17th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.26%. Dime Community Bancshares’s payout ratio is currently 169.49%.

Analysts Set New Price Targets

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

Institutional Trading of Dime Community Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in DCOM. CoreCap Advisors LLC raised its holdings in shares of Dime Community Bancshares by 125.0% in the fourth quarter. CoreCap Advisors LLC now owns 900 shares of the savings and loans company’s stock valued at $28,000 after acquiring an additional 500 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Dime Community Bancshares by 861.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,135 shares of the savings and loans company’s stock valued at $35,000 after acquiring an additional 1,017 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Dime Community Bancshares by 58.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,782 shares of the savings and loans company’s stock valued at $55,000 after acquiring an additional 654 shares in the last quarter. KBC Group NV raised its holdings in shares of Dime Community Bancshares by 50.8% in the fourth quarter. KBC Group NV now owns 2,697 shares of the savings and loans company’s stock valued at $83,000 after acquiring an additional 909 shares in the last quarter. Finally, USA Financial Formulas bought a new stake in shares of Dime Community Bancshares in the fourth quarter valued at about $92,000. 75.27% of the stock is currently owned by institutional investors.

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.