Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Basswood Capital Management, L sells 20,000 shares


Dime Community Bancshares, Inc. (NASDAQ: DCOMGet a rating) Director Basswood Capital Management, L sold 20,000 shares in a trade on Monday, June 6. The shares were sold at an average price of $31.09, for a total value of $621,800.00. Following the completion of the sale, the director now directly owns 2,051,798 shares of the company, valued at $63,790,399.82. The transaction was disclosed in an SEC filing, available at this hyperlink.

Basswood Capital Management, L has also recently completed the following transactions:

  • On Friday June 3, Basswood Capital Management, L sold 45,094 shares of Dime Community Bancshares. The shares were sold at an average price of $31.44, for a total value of $1,417,755.36.
  • On Wednesday May 18, Basswood Capital Management, L sold 25,000 shares of Dime Community Bancshares. The shares were sold at an average price of $29.25, for a total value of $731,250.00.
  • On Monday, May 16, Basswood Capital Management, L sold 23,746 shares of Dime Community Bancshares. The shares were sold at an average price of $29.40, for a total value of $698,132.40.
  • On Wednesday May 11, Basswood Capital Management, L sold 47,920 shares of Dime Community Bancshares. The shares were sold at an average price of $31.07, for a total value of $1,488,874.40.

NASDAQ DCOM traded down $0.05 during trading hours on Tuesday, hitting $31.24. The company had a trading volume of 97,677 shares, compared to an average volume of 158,434. Dime Community Bancshares, Inc. has a 52-week low of $28.36 and a 52-week high of $38.35. The company has a 50-day simple moving average of $32.72 and a 200-day simple moving average of $34.07. The company has a debt ratio of 0.24, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market capitalization of $1.23 billion, a price-earnings ratio of 8.38 and a beta of 1.06.

Dime Community Bancshares (NASDAQ: DCOMGet a rating) last released its results on Friday, April 29. The savings and loan company reported EPS of $0.82 for the quarter, missing the consensus estimate of $0.85 per ($0.03). Dime Community Bancshares had a return on equity of 14.40% and a net margin of 35.58%. The company posted revenue of $96.31 million in the quarter, versus a consensus estimate of $100.15 million. In the same quarter of the previous year, the company had achieved EPS of $0.94. On average, research analysts expect Dime Community Bancshares, Inc. to post 3.4 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 25. Shareholders of record on Monday, April 18 received a dividend of $0.24. The ex-dividend date was Thursday, April 14. This represents an annualized dividend of $0.96 and a dividend yield of 3.07%. The Dime Community Bancshares payout ratio is currently 25.74%.

Several large investors have recently increased or reduced their stake in DCOM. Nisa Investment Advisors LLC bought a new equity stake in Dime Community Bancshares in Q4, valued at around $31,000. Point72 Hong Kong Ltd bought a new equity stake in Dime Community Bancshares in Q3, valued at around $41,000. Landmark Wealth Management LLC purchased a new equity stake from Dime Community Bancshares in Q1 worth approximately $53,000. Advisor Group Holdings Inc. increased its holdings of Dime Community Bancshares shares by 130.6% in Q3. Advisor Group Holdings Inc. now owns 2,022 shares of the savings and loan company valued at $66,000 after acquiring 1,145 additional shares in the last quarter. Finally, Captrust Financial Advisors increased its holding in shares of Dime Community Bancshares by 303.0% in the third quarter. Captrust Financial Advisors now owns 3,619 shares of the savings and loan company valued at $118,000 after acquiring 2,721 additional shares last quarter. 72.30% of the shares are currently held by hedge funds and other institutional investors.

DCOM has been the subject of a number of recent analyst reports. Stephens downgraded Dime Community Bancshares from an “overweight” rating to an “equal weight” rating and reduced its price target for the company from $36.00 to $34.50 in a Monday May 16 research note. Zacks Investment Research downgraded Dime Community Bancshares from a “hold” rating to a “sell” rating in a Tuesday, May 31 research note. StockNews.com began covering Dime Community Bancshares in a research note on Thursday, March 31. They set a “holding” rating for the company. Finally, Piper Sandler cut her price target on Dime Community Bancshares from $40.00 to $37.00 and set an “overweight” rating for the company in a research note on Friday.

About Dime Community Bancshares (Get a rating)

Dime Community Bancshares, Inc operates as a holding company for Dime Community Bank which provides various commercial banking and financial services. It accepts term, savings and demand deposits from businesses, consumers and local municipalities. The company also offers commercial real estate loans; multi-family mortgage loans; residential mortgages; secured and unsecured commercial and consumer loans; home equity loans; and construction and land loans.

Further reading

Insider Buying and Selling by Quarter for Dime Community Bancshares (NASDAQ:DCOM)



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