Dime Community Bancshares (NASDAQ:DCOM) Director Raymond Nielsen Sells 1,800 Shares of Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Raymond Nielsen sold 1,800 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $41.73, for a total transaction of $75,114.00. Following the sale, the director directly owned 32,400 shares in the company, valued at $1,352,052. This trade represents a 5.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Dime Community Bancshares Trading Down 0.7%

Shares of DCOM stock traded down $0.30 during mid-day trading on Friday, hitting $40.78. The company’s stock had a trading volume of 19,459 shares, compared to its average volume of 308,686. Dime Community Bancshares, Inc. has a 52 week low of $25.63 and a 52 week high of $41.97. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.02. The company’s fifty day simple moving average is $39.66 and its 200-day simple moving average is $36.42. The company has a market cap of $1.80 billion, a PE ratio of 17.28 and a beta of 0.99.

Dime Community Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 17th were paid a $0.25 dividend. The ex-dividend date was Friday, July 17th. This represents a $1.00 annualized dividend and a dividend yield of 2.5%. Dime Community Bancshares’s dividend payout ratio (DPR) is currently 36.10%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on DCOM shares. DA Davidson upped their target price on Dime Community Bancshares from $39.00 to $43.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods boosted their price target on shares of Dime Community Bancshares from $40.00 to $43.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. One 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.75.

Institutional Trading of Dime Community Bancshares

Large investors have recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC increased its position in shares of Dime Community Bancshares by 54.5% during the 1st quarter. Hilton Head Capital Partners LLC now owns 1,452 shares of the savings and loans company’s stock valued at $49,000 after purchasing an additional 512 shares during the last quarter. Illinois Municipal Retirement Fund boosted its position in Dime Community Bancshares by 3.3% during the first quarter. Illinois Municipal Retirement Fund now owns 21,219 shares of the savings and loans company’s stock valued at $718,000 after buying an additional 683 shares during the period. Orion Porfolio Solutions LLC grew its position in Dime Community Bancshares by 3.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 25,961 shares of the savings and loans company’s stock worth $699,000 after acquiring an additional 819 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Dime Community Bancshares by 742.9% during the third quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company’s stock valued at $30,000 after purchasing an additional 884 shares during the period. Finally, Gator Capital Management LLC increased its stake in shares of Dime Community Bancshares by 0.9% in the fourth quarter. Gator Capital Management LLC now owns 110,185 shares of the savings and loans company’s stock worth $3,315,000 after buying an additional 955 shares during the period. 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.