Dime Community Bancshares (NASDAQ:DCOM) CEO Stuart Lubow Sells 19,550 Shares

Dime Community Bancshares, Inc. (NASDAQ:DCOM) CEO Stuart Lubow sold 19,550 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $35.07, for a total transaction of $685,618.50. Following the sale, the chief executive officer directly owned 202,648 shares in the company, valued at $7,106,865.36. The trade was a 8.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dime Community Bancshares Stock Performance

DCOM stock traded up $0.32 during midday trading on Tuesday, hitting $35.56. 25,359 shares of the stock traded hands, compared to its average volume of 298,193. Dime Community Bancshares, Inc. has a 1-year low of $23.25 and a 1-year high of $36.86. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s fifty day simple moving average is $32.21 and its 200-day simple moving average is $30.06. The firm has a market cap of $1.56 billion, a P/E ratio of 15.08 and a beta of 1.11.

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

Dime Community Bancshares Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, January 16th. Dime Community Bancshares’s dividend payout ratio is presently 42.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dime Community Bancshares in a report on Wednesday, January 21st. 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. Stephens lifted their price objective on Dime Community Bancshares from $33.00 to $36.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Keefe, Bruyette & Woods increased their target price on Dime Community Bancshares from $34.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. Finally, DA Davidson lifted their price target 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. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $38.33.

Hedge Funds Weigh In On Dime Community Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System increased its holdings in Dime Community Bancshares by 2.2% in the third quarter. Louisiana State Employees Retirement System now owns 18,800 shares of the savings and loans company’s stock valued at $561,000 after buying an additional 400 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Dime Community Bancshares by 3.6% in the 3rd quarter. Amalgamated Bank now owns 11,630 shares of the savings and loans company’s stock valued at $347,000 after acquiring an additional 406 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Dime Community Bancshares by 1.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 29,448 shares of the savings and loans company’s stock worth $878,000 after acquiring an additional 449 shares in the last quarter. GAMMA Investing LLC lifted its stake in Dime Community Bancshares by 15.1% during the third quarter. GAMMA Investing LLC now owns 4,448 shares of the savings and loans company’s stock worth $133,000 after purchasing an additional 584 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Dime Community Bancshares by 7.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,125 shares of the savings and loans company’s stock worth $273,000 after purchasing an additional 730 shares during the last quarter. Institutional investors and hedge funds 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.