Dime Community Bancshares (NASDAQ:DCOM) Shares Cross Above 200 Day Moving Average - Time to Sell?

Key Points

• Dime Community Bancshares shares crossed above their 200-day moving average, reaching $39.84 before last trading at $39.53, although the stock remained below its 50-day average of $40.54.
• The company reported quarterly EPS of $0.79, matching estimates, while revenue of $128.41 million exceeded expectations. Analysts expect full-year EPS of $3.06.
• Dime declared a quarterly dividend of $0.25 per share, representing a 2.5% yield, but insiders have sold approximately 134,595 shares worth $5.5 million over the past 90 days.

Dime Community Bancshares, Inc. (NASDAQ:DCOM - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $38.44 and traded as high as $39.84. Dime Community Bancshares shares last traded at $39.5270, with a volume of 345,502 shares.

Dime Community Bancshares Stock Down 0.9%

The firm has a market capitalization of $1.75 billion, a P/E ratio of 16.75 and a beta of 1.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.02 and a current ratio of 1.02. The business's fifty day moving average price is $40.54 and its two-hundred day moving average price is $38.44.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The savings and loans company reported $0.79 EPS for the quarter, hitting the consensus estimate of $0.79. Dime Community Bancshares had a net margin of 15.15% and a return on equity of 9.12%. The firm had revenue of $128.41 million during the quarter, compared to analyst estimates of $123.46 million. During the same quarter in the previous year, the business posted $0.64 EPS. Equities analysts expect that Dime Community Bancshares, Inc. will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Stockholders of record on Friday, October 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, October 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. Dime Community Bancshares's dividend payout ratio is presently 36.10%.

Insiders Place Their Bets

In other news, Director Raymond A. Nielsen sold 1,800 shares of the firm's stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $41.73, for a total value of $75,114.00. Following the completion of the sale, the director owned 32,400 shares of the company's stock, valued at $1,352,052. This trade represents a 5.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Basswood Capital Management, L sold 53,000 shares of the business's stock in a transaction on Friday, July 31st. The stock was sold at an average price of $40.76, for a total value of $2,160,280.00. Following the transaction, the director owned 6,440 shares in the company, valued at approximately $262,494.40. This trade represents a 89.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 134,595 shares of company stock worth $5,506,229. Insiders own 7.40% of the company's stock.

Institutional Investors Weigh In On Dime Community Bancshares

Institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC purchased a new stake in shares of Dime Community Bancshares during the second quarter worth about $302,000. Squarepoint Ops LLC raised its position in shares of Dime Community Bancshares by 2.7% in the 2nd quarter. Squarepoint Ops LLC now owns 65,024 shares of the savings and loans company's stock valued at $2,643,000 after purchasing an additional 1,686 shares during the last quarter. Nykredit A S purchased a new position in shares of Dime Community Bancshares in the 2nd quarter valued at approximately $35,000. HighTower Advisors LLC acquired a new stake in Dime Community Bancshares in the 2nd quarter worth approximately $211,000. Finally, Odyssean LLC acquired a new stake in Dime Community Bancshares in the 2nd quarter worth approximately $203,000. Institutional investors and hedge funds own 75.27% of the company's stock.

About Dime Community Bancshares

Dime Community Bancshares, Inc is the parent company of Dime Community Bank, a community-focused commercial bank serving businesses, individuals and local organizations. The bank provides deposit accounts, commercial and residential real estate lending, multifamily and small-business financing, consumer loans, treasury and cash-management services, and wealth-management solutions.

Dime Community Bank's market is concentrated primarily in Long Island and the New York City metropolitan area, including Brooklyn, Queens, and Manhattan.

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