Dime Community Bancshares (NASDAQ:DCOM) Share Price Passes Above 200-Day Moving Average of $19.78

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Dime Community Bancshares, Inc. (NASDAQ:DCOM) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.78 and traded as high as $20.21. Dime Community Bancshares shares last traded at $20.06, with a volume of 8,120 shares trading hands.

Several equities research analysts have recently weighed in on DCOM shares. TheStreet cut Dime Community Bancshares from a “b” rating to a “c+” rating in a research report on Thursday, October 31st. Stephens started coverage on Dime Community Bancshares in a research report on Monday, October 28th. They issued an “equal weight” rating and a $23.00 price objective for the company. BidaskClub cut Dime Community Bancshares from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. Finally, ValuEngine raised Dime Community Bancshares from a “strong sell” rating to a “sell” rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company. Dime Community Bancshares currently has an average rating of “Hold” and an average price target of $22.00.

The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $722.87 million, a P/E ratio of 14.86 and a beta of 0.87. The firm has a 50-day moving average price of $20.19 and a two-hundred day moving average price of $19.78.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.22). Dime Community Bancshares had a net margin of 16.92% and a return on equity of 6.84%. The business had revenue of $39.56 million during the quarter. On average, analysts predict that Dime Community Bancshares, Inc. will post 1.16 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were given a $0.14 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.56 annualized dividend and a dividend yield of 2.79%. Dime Community Bancshares’s dividend payout ratio is 41.48%.

In other Dime Community Bancshares news, EVP Stuart H. Lubow acquired 6,500 shares of Dime Community Bancshares stock in a transaction dated Tuesday, October 29th. The stock was bought at an average cost of $19.22 per share, with a total value of $124,930.00. Following the completion of the transaction, the executive vice president now owns 18,980 shares of the company’s stock, valued at $364,795.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders bought 8,000 shares of company stock valued at $153,295 over the last three months. 7.80% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Resources Management Corp CT ADV bought a new position in Dime Community Bancshares in the third quarter worth $528,000. California State Teachers Retirement System lifted its position in Dime Community Bancshares by 1.8% in the third quarter. California State Teachers Retirement System now owns 49,414 shares of the savings and loans company’s stock worth $1,058,000 after purchasing an additional 868 shares during the period. California Public Employees Retirement System lifted its position in Dime Community Bancshares by 7.2% in the third quarter. California Public Employees Retirement System now owns 108,954 shares of the savings and loans company’s stock worth $2,333,000 after purchasing an additional 7,271 shares during the period. State of Tennessee Treasury Department lifted its position in Dime Community Bancshares by 8.5% in the third quarter. State of Tennessee Treasury Department now owns 13,461 shares of the savings and loans company’s stock worth $288,000 after purchasing an additional 1,058 shares during the period. Finally, Rhumbline Advisers lifted its position in Dime Community Bancshares by 6.4% in the third quarter. Rhumbline Advisers now owns 100,917 shares of the savings and loans company’s stock worth $2,161,000 after purchasing an additional 6,058 shares during the period. 72.61% of the stock is owned by hedge funds and other institutional investors.

About Dime Community Bancshares (NASDAQ:DCOM)

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. It offers deposit products, such as savings, money market, and interest bearing and non-interest bearing checking accounts, as well as certificates of deposit.

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