Insider Selling: Dime Community Bancshares (NASDAQ:DCOM) CEO Sells $192,426.64 in Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) CEO Stuart Lubow sold 5,476 shares of Dime Community Bancshares stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $35.14, for a total transaction of $192,426.64. Following the completion of the transaction, the chief executive officer owned 222,198 shares in the company, valued at approximately $7,808,037.72. The trade was a 2.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dime Community Bancshares Stock Performance

NASDAQ DCOM opened at $34.01 on Friday. The company has a 50-day simple moving average of $32.46 and a two-hundred day simple moving average of $30.18. Dime Community Bancshares, Inc. has a 12-month low of $23.25 and a 12-month high of $36.86. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of 14.41 and a beta of 1.11. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.57.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Wednesday, January 21st. The savings and loans company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.70 by $0.09. The firm had revenue of $123.85 million for the quarter, compared to the consensus estimate of $118.14 million. Dime Community Bancshares had a return on equity of 9.12% and a net margin of 15.15%.During the same quarter in the previous year, the business earned $0.42 earnings per share. On average, equities analysts forecast that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 16th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, January 16th. Dime Community Bancshares’s dividend payout ratio is 42.37%.

Wall Street Analyst Weigh In

DCOM has been the subject of a number of recent analyst reports. Stephens upped their price target on shares of Dime Community Bancshares from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Zacks Research raised shares of Dime Community Bancshares from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. DA Davidson raised their target price on Dime Community Bancshares from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Dime Community Bancshares in a report on Wednesday, January 21st. Finally, Wall Street Zen upgraded Dime Community Bancshares from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $38.33.

Hedge Funds Weigh In On Dime Community Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of DCOM. Hilton Head Capital Partners LLC purchased a new stake in Dime Community Bancshares in the fourth quarter worth about $28,000. Larson Financial Group LLC grew its holdings in shares of Dime Community Bancshares by 742.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company’s stock worth $30,000 after acquiring an additional 884 shares during the period. Emerald Mutual Fund Advisers Trust bought a new position in shares of Dime Community Bancshares in the 2nd quarter worth approximately $97,000. GAMMA Investing LLC lifted its stake in shares of Dime Community Bancshares by 15.1% in the 3rd quarter. GAMMA Investing LLC now owns 4,448 shares of the savings and loans company’s stock valued at $133,000 after purchasing an additional 584 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of Dime Community Bancshares by 326.4% during the second quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company’s stock valued at $156,000 after purchasing an additional 4,446 shares in the last quarter. Hedge funds and other institutional investors own 75.27% of the company’s stock.

About Dime Community Bancshares

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.