Judy Wu Sells 495 Shares of Dime Community Bancshares (NASDAQ:DCOM) Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) EVP Judy Wu sold 495 shares of the company’s stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $29.80, for a total value of $14,751.00. Following the completion of the sale, the executive vice president owned 3,622 shares of the company’s stock, valued at $107,935.60. This represents a 12.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Dime Community Bancshares Trading Down 0.2%

Shares of DCOM stock traded down $0.05 on Tuesday, hitting $29.70. The stock had a trading volume of 75,461 shares, compared to its average volume of 260,002. Dime Community Bancshares, Inc. has a twelve month low of $23.25 and a twelve month high of $35.79. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The firm has a market cap of $1.30 billion, a P/E ratio of 26.04 and a beta of 1.12. The company has a fifty day moving average price of $28.17 and a two-hundred day moving average price of $28.34.

Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Thursday, October 23rd. The savings and loans company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.06). The business had revenue of $116.67 million for the quarter, compared to the consensus estimate of $112.75 million. Dime Community Bancshares had a return on equity of 7.81% and a net margin of 8.72%.During the same period in the previous year, the company posted $0.29 earnings per share. As a group, analysts forecast that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 17th were issued a $0.25 dividend. The ex-dividend date was Friday, October 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.4%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 87.72%.

Analyst Upgrades and Downgrades

DCOM has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lowered their price target on Dime Community Bancshares from $37.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, October 27th. Zacks Research lowered Dime Community Bancshares from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. DA Davidson set a $36.00 price target on shares of Dime Community Bancshares in a research report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dime Community Bancshares in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $35.13.

Institutional Trading of Dime Community Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of DCOM. Raymond James Financial Inc. increased its stake in shares of Dime Community Bancshares by 11.1% in the first quarter. Raymond James Financial Inc. now owns 175,293 shares of the savings and loans company’s stock valued at $4,887,000 after buying an additional 17,499 shares during the period. Jump Financial LLC acquired a new position in shares of Dime Community Bancshares during the first quarter worth approximately $433,000. Ieq Capital LLC lifted its holdings in shares of Dime Community Bancshares by 144.1% in the 1st quarter. Ieq Capital LLC now owns 22,176 shares of the savings and loans company’s stock worth $618,000 after purchasing an additional 13,090 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Dime Community Bancshares by 27.2% in the first quarter. Public Sector Pension Investment Board now owns 124,524 shares of the savings and loans company’s stock valued at $3,472,000 after buying an additional 26,629 shares in the last quarter. Finally, EJF Capital LLC lifted its position in Dime Community Bancshares by 17.2% in the 1st quarter. EJF Capital LLC now owns 116,305 shares of the savings and loans company’s stock valued at $3,243,000 after acquiring an additional 17,041 shares in the last quarter. 75.27% of the stock is currently owned by institutional investors and hedge funds.

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.