Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Raymond A. Nielsen Sells 3,000 Shares

Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Raymond A. Nielsen sold 3,000 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $31.25, for a total transaction of $93,750.00. Following the sale, the director now directly owns 41,185 shares in the company, valued at $1,287,031.25. This trade represents a 6.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Dime Community Bancshares Trading Down 0.2 %

Dime Community Bancshares stock opened at $30.59 on Thursday. Dime Community Bancshares, Inc. has a 52-week low of $17.29 and a 52-week high of $37.60. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 51.85 and a beta of 1.05. The firm has a 50-day moving average price of $31.30 and a two-hundred day moving average price of $30.32.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings data on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). Dime Community Bancshares had a return on equity of 5.43% and a net margin of 4.50%. Sell-side analysts expect that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Dime Community Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 17th were given a dividend of $0.25 per share. The ex-dividend date was Friday, January 17th. This represents a $1.00 dividend on an annualized basis and a yield of 3.27%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 169.49%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Dime Community Bancshares by 40.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 69,761 shares of the savings and loans company’s stock valued at $2,144,000 after buying an additional 20,071 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in shares of Dime Community Bancshares during the 4th quarter worth about $927,000. Squarepoint Ops LLC lifted its stake in shares of Dime Community Bancshares by 9.8% in the 4th quarter. Squarepoint Ops LLC now owns 41,946 shares of the savings and loans company’s stock worth $1,289,000 after acquiring an additional 3,733 shares during the period. Systematic Financial Management LP boosted its holdings in shares of Dime Community Bancshares by 2.7% in the fourth quarter. Systematic Financial Management LP now owns 1,119,762 shares of the savings and loans company’s stock valued at $34,416,000 after acquiring an additional 28,928 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its stake in shares of Dime Community Bancshares by 1.6% during the fourth quarter. Rafferty Asset Management LLC now owns 40,661 shares of the savings and loans company’s stock valued at $1,250,000 after acquiring an additional 643 shares during the period. 75.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Stephens raised shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $30.00 to $39.00 in a research report on Monday, November 18th. Keefe, Bruyette & Woods lowered their target price on Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Finally, Piper Sandler upgraded Dime Community Bancshares from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $36.00 to $38.00 in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.40.

About Dime Community Bancshares

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans.