Dime Community Bancshares (NASDAQ:DCOM) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Dime Community Bancshares' stock price recently surpassed its 200-day moving average of $27.88, trading as high as $30.56 before settling at $29.87.
• The company's quarterly earnings exceeded analysts' expectations, reporting an EPS of $0.64 and revenue of $109.54 million, compared to a $0.37 EPS in the same quarter last year.
• Dime Community Bancshares has declared a quarterly dividend of $0.25 with a 3.3% dividend yield, reflecting a significant payout ratio of 119.05%.

Dime Community Bancshares, Inc. (NASDAQ:DCOM - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.88 and traded as high as $30.56. Dime Community Bancshares shares last traded at $29.87, with a volume of 129,997 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "hold (c)" rating on shares of Dime Community Bancshares in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Dime Community Bancshares currently has a consensus rating of "Moderate Buy" and an average target price of $37.17.

Dime Community Bancshares Stock Down 1.5%

The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 35.56 and a beta of 1.10. The firm's fifty day simple moving average is $30.00 and its two-hundred day simple moving average is $27.88.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The savings and loans company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. Dime Community Bancshares had a return on equity of 6.90% and a net margin of 6.74%.The firm had revenue of $109.54 million for the quarter, compared to analysts' expectations of $107.08 million. During the same period in the prior year, the firm posted $0.37 earnings per share. Sell-side analysts anticipate that Dime Community Bancshares, Inc. will post 3.06 EPS for the current year.

Dime Community Bancshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Friday, October 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, October 17th. Dime Community Bancshares's dividend payout ratio is 119.05%.

Insider Buying and Selling at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L sold 9,000 shares of the company's stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $30.33, for a total value of $272,970.00. Following the transaction, the director owned 1,034,158 shares of the company's stock, valued at $31,366,012.14. This represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Raymond A. Nielsen sold 1,000 shares of the company's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $30.92, for a total transaction of $30,920.00. Following the completion of the transaction, the director directly owned 38,185 shares in the company, valued at $1,180,680.20. The trade was a 2.55% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 7.10% of the company's stock.

Hedge Funds Weigh In On Dime Community Bancshares

Large investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in Dime Community Bancshares by 14.0% during the first quarter. GAMMA Investing LLC now owns 3,931 shares of the savings and loans company's stock worth $110,000 after purchasing an additional 483 shares in the last quarter. Raymond James Financial Inc. lifted its stake in Dime Community Bancshares by 11.1% during the 1st quarter. Raymond James Financial Inc. now owns 175,293 shares of the savings and loans company's stock worth $4,887,000 after acquiring an additional 17,499 shares in the last quarter. Jump Financial LLC acquired a new position in Dime Community Bancshares during the 1st quarter worth about $433,000. Illinois Municipal Retirement Fund lifted its stake in Dime Community Bancshares by 14.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 22,391 shares of the savings and loans company's stock worth $624,000 after acquiring an additional 2,840 shares in the last quarter. Finally, TD Asset Management Inc lifted its position in shares of Dime Community Bancshares by 19.1% during the first quarter. TD Asset Management Inc now owns 78,738 shares of the savings and loans company's stock worth $2,195,000 after purchasing an additional 12,652 shares in the last quarter. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Dime Community Bancshares Company Profile

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.

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