Timothy B. King Sells 5,000 Shares of Dime Community Bancshares, Inc. (DCOM) Stock
Dime Community Bancshares, Inc. (NASDAQ:DCOM) insider Timothy B. King sold 5,000 shares of Dime Community Bancshares stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $22.50, for a total value of $112,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Dime Community Bancshares, Inc. (NASDAQ DCOM) opened at $21.75 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.27. Dime Community Bancshares, Inc. has a fifty-two week low of $18.00 and a fifty-two week high of $22.65. The company has a market capitalization of $813.95, a price-to-earnings ratio of 16.99 and a beta of 0.82.
Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Dime Community Bancshares had a return on equity of 8.28% and a net margin of 16.99%. The company had revenue of $42.74 million during the quarter. analysts forecast that Dime Community Bancshares, Inc. will post 1.29 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Monday, November 6th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.57%. The ex-dividend date was Friday, November 3rd. Dime Community Bancshares’s payout ratio is currently 56.00%.
Institutional investors and hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP grew its holdings in Dime Community Bancshares by 5.7% during the third quarter. GSA Capital Partners LLP now owns 84,154 shares of the savings and loans company’s stock valued at $1,809,000 after purchasing an additional 4,512 shares during the period. Neuberger Berman Group LLC bought a new stake in Dime Community Bancshares during the third quarter valued at about $213,000. Asset Management One Co. Ltd. bought a new stake in Dime Community Bancshares during the third quarter valued at about $313,000. Dimensional Fund Advisors LP grew its holdings in Dime Community Bancshares by 4.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,921,759 shares of the savings and loans company’s stock valued at $62,817,000 after purchasing an additional 122,016 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in Dime Community Bancshares by 5.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 124,930 shares of the savings and loans company’s stock valued at $2,686,000 after purchasing an additional 6,302 shares during the period. 68.55% of the stock is owned by institutional investors.
A number of analysts have commented on DCOM shares. BidaskClub lowered Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. ValuEngine raised Dime Community Bancshares from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Dime Community Bancshares in a report on Thursday, August 31st. Barclays lifted their price objective on Dime Community Bancshares from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Wednesday, October 11th. Finally, Piper Jaffray Companies lowered Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Dime Community Bancshares presently has a consensus rating of “Hold” and an average target price of $22.17.
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Dime Community Bancshares Company Profile
Dime Community Bancshares, Inc operates as a holding company for Dime Community Bank (the Bank), a chartered savings bank. The Company is a unitary savings and loan holding company. The Company operates through Community Banking segment. The Bank’s principal business is gathering retail deposits, and lending them primarily in multifamily residential, commercial real estate and mixed use loans, as well as investing in mortgage-backed securities (MBS), obligations of the United States Government and Government Sponsored Entities (GSEs), and corporate debt and equity securities.
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