Dime Community Bancshares (NASDAQ:DCOM) EVP Judy Wu Sells 887 Shares of Company Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM) EVP Judy Wu sold 887 shares of Dime Community Bancshares stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $42.33, for a total transaction of $37,546.71. Following the completion of the sale, the executive vice president owned 3,882 shares in the company, valued at approximately $164,325.06. This trade represents a 18.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dime Community Bancshares Stock Down 1.5%

Shares of Dime Community Bancshares stock opened at $41.87 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.57. The company’s fifty day simple moving average is $40.23 and its two-hundred day simple moving average is $37.37. The company has a market cap of $1.85 billion, a P/E ratio of 17.74 and a beta of 1.01. Dime Community Bancshares, Inc. has a 12-month low of $25.63 and a 12-month high of $43.38.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings data on Tuesday, October 20th. The savings and loans company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. Dime Community Bancshares had a net margin of 15.15% and a return on equity of 9.12%. The business had revenue of $135.35 million during the quarter, compared to analyst estimates of $131.16 million. During the same period in the prior year, the business earned $0.59 EPS. Research analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 16th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, October 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. Dime Community Bancshares’s payout ratio is presently 32.47%.

Institutional Investors Weigh In On Dime Community Bancshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DCOM. Benjamin Edwards Inc. raised its holdings in Dime Community Bancshares by 2.5% in the second quarter. Benjamin Edwards Inc. now owns 17,519 shares of the savings and loans company’s stock worth $712,000 after purchasing an additional 423 shares in the last quarter. Illinois Municipal Retirement Fund lifted 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. Nykredit A S purchased a new position in Dime Community Bancshares during the second quarter valued at $35,000. Royal Bank of Canada lifted its position in Dime Community Bancshares by 11.7% during the first quarter. Royal Bank of Canada now owns 9,311 shares of the savings and loans company’s stock valued at $315,000 after buying an additional 979 shares during the period. Finally, Kestra Advisory Services LLC boosted its holdings in shares of Dime Community Bancshares by 3.3% during the 1st quarter. Kestra Advisory Services LLC now owns 40,059 shares of the savings and loans company’s stock valued at $1,355,000 after buying an additional 1,296 shares in the last quarter. 75.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on DCOM. Keefe, Bruyette & Woods increased their price target on shares of Dime Community Bancshares from $47.00 to $49.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 21st. Piper Sandler restated an “overweight” rating and issued a $47.00 price objective (up from $45.00) on shares of Dime Community Bancshares in a report on Wednesday, October 21st. Finally, DA Davidson set a $50.00 price objective on Dime Community Bancshares in a research report on Thursday, October 22nd. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.50.

Dime Community Bancshares News Summary

Here are the key news stories impacting Dime Community Bancshares this week:

• Positive Sentiment: Dime Community Bancshares reported quarterly earnings of $0.91 per share, exceeding the $0.86 analyst consensus, while revenue of $135.35 million also surpassed expectations. Earnings increased from $0.59 per share in the year-earlier quarter.
• Positive Sentiment: Analysts remain constructive: Piper Sandler raised its price target to $47, Keefe, Bruyette & Woods increased its target to $49, and DA Davidson set a $50 target. The consensus rating is “Moderate Buy,” with an average target of $45.50.
• Positive Sentiment: The company’s quarterly dividend remains $0.25 per share, equivalent to a $1.00 annualized payout and an approximately 2.4% yield.
• Neutral Sentiment: DCOM is trading near its 52-week high and above its 50-day and 200-day moving averages, indicating strong recent momentum but also potentially increasing profit-taking risk.
• Negative Sentiment: Basswood Capital Management sold 90,000 shares for approximately $3.84 million on October 23 and another 16,159 shares for approximately $695,645 on October 26. The transactions reduced its reported position by roughly 94% and 75%, respectively, and represent the most significant near-term insider-selling signal. SEC insider transaction filing
• Negative Sentiment: Other reported sales included 887 shares by EVP Judy Wu, 2,355 shares by CTO Michael Fegan, and 3,000 shares by Director Joseph Perry. While individual insider sales do not necessarily signal deteriorating fundamentals, the cluster of transactions may weigh on investor sentiment.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, a full-service commercial bank serving businesses, individuals and local communities in the New York metropolitan area. The company’s primary markets include Long Island and New York City, with banking offices across Brooklyn, Queens, Manhattan, Nassau County and Suffolk County.

Dime Community Bank provides commercial and residential real estate lending, commercial and industrial loans, construction financing, residential mortgages and consumer loans.