Dime Community Bancshares (NASDAQ:DCOM) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Dime Community Bancshares, Inc. (NASDAQ:DCOM)’s share price crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $37.96 and traded as high as $41.27. Dime Community Bancshares shares last traded at $40.5360, with a volume of 364,771 shares traded.

Dime Community Bancshares Price Performance

The stock has a fifty day simple moving average of $40.57 and a 200-day simple moving average of $38.01. The company has a market capitalization of $1.78 billion, a PE ratio of 17.06 and a beta of 0.99. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.57.

Dime Community Bancshares (NASDAQ:DCOM) last issued its earnings results on Thursday, July 23rd. The savings and loans company reported $0.79 earnings per share for the quarter, hitting the consensus estimate of $0.79. The business had revenue of $128.41 million for the quarter, compared to analyst estimates of $123.46 million. Dime Community Bancshares had a return on equity of 9.12% and a net margin of 15.15%.During the same quarter last year, the company earned $0.64 EPS. Equities analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current year.

Insider Buying and Selling at Dime Community Bancshares

In related news, Director Basswood Capital Management, L sold 53,000 shares of the stock in a transaction on Friday, July 31st. The shares were sold at an average price of $40.76, for a total value of $2,160,280.00. Following the transaction, the director directly owned 6,440 shares of the company’s stock, valued at $262,494.40. This trade represents a 89.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Raymond A. Nielsen sold 1,800 shares of Dime Community Bancshares stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $41.73, for a total transaction of $75,114.00. Following the sale, the director owned 32,400 shares in the company, valued at $1,352,052. This represents a 5.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 134,595 shares of company stock valued at $5,506,229. Company insiders own 7.40% of the company’s stock.

Institutional Trading of Dime Community Bancshares

Several institutional investors and hedge funds have recently made changes to their positions in DCOM. BlackRock Inc. purchased a new position in Dime Community Bancshares during the 2nd quarter worth approximately $251,937,000. Dimensional Fund Advisors LP lifted its stake in Dime Community Bancshares by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,353,786 shares of the savings and loans company’s stock valued at $79,602,000 after buying an additional 23,035 shares during the last quarter. Basswood Capital Management L.L.C. acquired a new stake in shares of Dime Community Bancshares in the second quarter valued at approximately $79,106,000. The Manufacturers Life Insurance Company purchased a new position in shares of Dime Community Bancshares during the second quarter worth approximately $18,911,000. Finally, Verition Fund Management LLC grew its position in shares of Dime Community Bancshares by 19.8% during the fourth quarter. Verition Fund Management LLC now owns 599,103 shares of the savings and loans company’s stock worth $18,027,000 after acquiring an additional 99,011 shares during the last quarter. 75.27% of the stock is owned by hedge funds and other institutional investors.

About Dime Community Bancshares

Dime Community Bancshares, Inc is the holding company for Dime Community Bank, a commercial bank serving businesses, homeowners and consumers in the New York metropolitan area. The company is headquartered in Hauppauge, New York, and operates branches primarily across Long Island and in the boroughs of Brooklyn and Queens.

Dime Community Bank provides deposit accounts, commercial and residential real estate lending, commercial and industrial loans, consumer lending, cash-management services and other banking products.