Dime Community Bancshares, Inc. (NASDAQ:DCOM) Director Basswood Capital Management, L sells 47,920 shares

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Dime Community Bancshares, Inc. (NASDAQ:DCOM – Get Rating) Director Basswood Capital Management, L sold 47,920 shares in a trade dated Wednesday, May 11. The stock was sold at an average price of $31.07, for a total transaction of $1,488,874.40. Following completion of the transaction, the administrator now directly owns 77,961 shares of the company, valued at approximately $2,422,248.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link.

Basswood Capital Management, L has also recently completed the following transactions:

  • On Monday February 28, Basswood Capital Management, L sold 11,270 shares of Dime Community Bancshares. The stock was sold at an average price of $33.91, for a total transaction of $382,165.70.
  • On Monday February 14, Basswood Capital Management, L sold 5,366 shares of Dime Community Bancshares. The stock was sold at an average price of $34.00, for a total transaction of $182,444.00.

Shares of NASDAQ DCOM traded at $0.13 during Friday’s midday session, hitting $30.68. 160,409 shares were traded, against an average volume of 153,988. The company has a market capitalization of $1.20 billion, a P/E ratio of 8.19 and a beta of 1.06. The stock’s fifty-day simple moving average is $33.93 and its two-hundred-day simple moving average is $34.87. The company has a debt ratio of 0.24, a quick ratio of 0.92 and a current ratio of 0.93. Dime Community Bancshares, Inc. has a 12-month low of $29.22 and a 12-month high of $38.35.

Dime Community Bancshares (NASDAQ:DCOM – Get Rating) last released its quarterly earnings data on Friday, April 29. The savings and loan company reported earnings per share of $0.82 for the quarter, missing the consensus estimate of $0.83 per ($0.01). Dime Community Bancshares had a return on equity of 14.40% and a net margin of 35.58%. In the same quarter last year, the company posted EPS of $0.94. As a group, equity research analysts expect Dime Community Bancshares, Inc. to post 3.41 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, April 25. Shareholders of record on Monday, April 18 received a dividend of $0.24 per share. The ex-dividend date was Thursday, April 14. This represents an annualized dividend of $0.96 and a dividend yield of 3.13%. Dime Community Bancshares’ dividend payout ratio (DPR) is currently 25.74%.

Several institutional investors and hedge funds have recently increased or reduced their stake in the company. First Trust Advisors LP increased its stake in Dime Community Bancshares shares by 10.2% in the first quarter. First Trust Advisors LP now owns 20,679 shares of the savings and loan company valued at $715,000 after buying an additional 1,906 shares in the last quarter. Ergoteles LLC purchased a new equity stake from Dime Community Bancshares during the first quarter valued at approximately $1,279,000. Vanguard Group Inc. increased its stake in shares of Dime Community Bancshares by 4.3% during the first quarter. Vanguard Group Inc. now owns 2,167,447 shares of the savings and loan company valued at $74,929,000 after buying 88,775 additional shares in the last quarter. Dimensional Fund Advisors LP increased its holding in shares of Dime Community Bancshares by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,445,475 shares of the savings and loan company valued at $84,540,000 after buying 42,009 additional shares in the last quarter. Finally, Oak Associates Ltd. OH increased its stake in Dime Community Bancshares shares by 9.7% in the first quarter. Oak Associates Ltd. OH now owns 16,892 shares of the savings and loan company valued at $584,000 after purchasing an additional 1,500 shares in the last quarter. 72.30% of the shares are currently held by institutional investors and hedge funds.

DCOM has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a Monday, April 4, report. StockNews.com launched coverage on Dime Community Bancshares shares in a Thursday, March 31 report. They set a “hold” rating for the company.

Dime Community Bancshares Company Profile (Get a rating)

Dime Community Bancshares, Inc operates as a holding company for Dime Community Bank which provides various commercial banking and financial services. It accepts term, savings and demand deposits from businesses, consumers and local municipalities. The company also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; secured and unsecured commercial and consumer loans; home equity loans; and construction and land loans.

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