Basswood Capital Management, L Sells 9,815 Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) Stock

Dime Community Bancshares, Inc. (NASDAQ:DCOM - Get Free Report) Director Basswood Capital Management, L sold 9,815 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $31.20, for a total value of $306,228.00. Following the completion of the sale, the director now directly owns 37,147 shares in the company, valued at approximately $1,158,986.40. The trade was a 20.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Basswood Capital Management, L also recently made the following trade(s):

• On Friday, January 31st, Basswood Capital Management, L purchased 1,043 shares of Dime Community Bancshares stock. The stock was bought at an average cost of $31.23 per share, with a total value of $32,572.89.

Dime Community Bancshares Price Performance

Shares of NASDAQ DCOM traded up $0.36 during mid-day trading on Tuesday, reaching $31.70. The company's stock had a trading volume of 199,524 shares, compared to its average volume of 315,730. The stock has a 50-day moving average of $31.76 and a two-hundred day moving average of $29.95. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $1.24 billion, a P/E ratio of 53.73 and a beta of 1.05. Dime Community Bancshares, Inc. has a 1-year low of $17.29 and a 1-year high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The savings and loans company reported $0.42 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). Dime Community Bancshares had a net margin of 4.50% and a return on equity of 5.43%. On average, equities research analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 17th. This represents a $1.00 dividend on an annualized basis and a yield of 3.15%. Dime Community Bancshares's payout ratio is 169.49%.

Wall Street Analysts Forecast Growth

DCOM has been the topic of several research analyst reports. Piper Sandler upgraded shares of Dime Community Bancshares from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $36.00 to $38.00 in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods decreased their price target on shares of Dime Community Bancshares from $42.00 to $41.00 and set an "outperform" rating on the stock in a research note on Friday, January 24th. Finally, Stephens upgraded Dime Community Bancshares from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $30.00 to $39.00 in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.40.

Institutional Trading of Dime Community Bancshares

Several large investors have recently added to or reduced their stakes in DCOM. CoreCap Advisors LLC boosted its position in shares of Dime Community Bancshares by 125.0% during the 4th quarter. CoreCap Advisors LLC now owns 900 shares of the savings and loans company's stock valued at $28,000 after acquiring an additional 500 shares during the last quarter. Sterling Capital Management LLC raised its stake in Dime Community Bancshares by 861.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,135 shares of the savings and loans company's stock worth $35,000 after purchasing an additional 1,017 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Dime Community Bancshares by 58.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,782 shares of the savings and loans company's stock valued at $55,000 after purchasing an additional 654 shares during the last quarter. KBC Group NV grew its stake in shares of Dime Community Bancshares by 50.8% in the 4th quarter. KBC Group NV now owns 2,697 shares of the savings and loans company's stock valued at $83,000 after buying an additional 909 shares during the period. Finally, USA Financial Formulas acquired a new stake in shares of Dime Community Bancshares during the 4th quarter worth approximately $92,000. 75.27% of the stock is currently owned by hedge funds and other institutional investors.

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.