Basswood Capital Management, L Sells 8,674 Shares of Dime Community Bancshares (NASDAQ:DCOM) Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Basswood Capital Management, L sold 8,674 shares of Dime Community Bancshares stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $40.59, for a total value of $352,077.66. Following the completion of the transaction, the director owned 32,205 shares of the company’s stock, valued at approximately $1,307,200.95. The trade was a 21.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Basswood Capital Management, L also recently made the following trade(s):

• On Thursday, August 13th, Basswood Capital Management, L sold 7,170 shares of Dime Community Bancshares stock. The shares were sold at an average price of $41.40, for a total value of $296,838.00.
• On Wednesday, August 12th, Basswood Capital Management, L sold 32,335 shares of Dime Community Bancshares stock. The shares were sold at an average price of $40.96, for a total value of $1,324,441.60.
• On Monday, August 3rd, Basswood Capital Management, L sold 20,687 shares of Dime Community Bancshares stock. The shares were sold at an average price of $41.17, for a total value of $851,683.79.
• On Friday, July 31st, Basswood Capital Management, L sold 53,000 shares of Dime Community Bancshares stock. The stock was sold at an average price of $40.76, for a total value of $2,160,280.00.
• On Thursday, July 30th, Basswood Capital Management, L sold 10,929 shares of Dime Community Bancshares stock. The stock was sold at an average price of $40.79, for a total transaction of $445,793.91.
• On Thursday, June 18th, Basswood Capital Management, L sold 32,751 shares of Dime Community Bancshares stock. The stock was sold at an average price of $39.02, for a total transaction of $1,277,944.02.
• On Friday, June 12th, Basswood Capital Management, L sold 15,870 shares of Dime Community Bancshares stock. The shares were sold at an average price of $40.08, for a total transaction of $636,069.60.
• On Tuesday, June 16th, Basswood Capital Management, L sold 14,019 shares of Dime Community Bancshares stock. The stock was sold at an average price of $39.29, for a total transaction of $550,806.51.
• On Monday, June 15th, Basswood Capital Management, L sold 14,513 shares of Dime Community Bancshares stock. The stock was sold at an average price of $39.67, for a total transaction of $575,730.71.

Dime Community Bancshares Price Performance

Shares of NASDAQ:DCOM opened at $40.95 on Friday. The company has a market cap of $1.81 billion, a PE ratio of 17.35 and a beta of 0.99. Dime Community Bancshares, Inc. has a fifty-two week low of $25.63 and a fifty-two week high of $41.97. The firm has a 50-day simple moving average of $40.08 and a 200 day simple moving average of $36.75. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, July 17th. Dime Community Bancshares’s payout ratio is presently 36.10%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their price target on Dime Community Bancshares from $40.00 to $43.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. DA Davidson boosted their price objective on Dime Community Bancshares from $39.00 to $43.00 and gave the company a “buy” rating in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Dime Community Bancshares has an average rating of “Moderate Buy” and an average target price of $39.75.

Institutional Trading of Dime Community Bancshares

A number of large investors have recently modified their holdings of DCOM. Jupiter Topco LLC acquired a new position in Dime Community Bancshares during the 2nd quarter valued at about $796,000. Legal & General Group Plc bought a new position in Dime Community Bancshares in the 2nd quarter worth about $3,904,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Dime Community Bancshares in the second quarter valued at approximately $18,911,000. Quantbot Technologies LP acquired a new stake in shares of Dime Community Bancshares in the second quarter valued at approximately $332,000. Finally, BlackRock Inc. bought a new stake in shares of Dime Community Bancshares during the second quarter valued at approximately $251,937,000. Institutional investors and hedge funds own 75.27% of the company’s stock.

Dime Community Bancshares Company Profile

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.