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

Key Points

• Dime Community Bancshares shares rose above their 200-day moving average, trading as high as $41.27 versus the $37.96 average, with a market capitalization of approximately $1.79 billion.
• The company reported quarterly earnings of $0.79 per share, in line with estimates, while revenue of $128.41 million exceeded expectations. It also maintains a quarterly dividend of $0.25 per share, representing a 2.5% yield.
• Insiders have been selling shares: directors sold a combined 134,595 shares worth about $5.5 million over the past quarter, although institutional investors own approximately 75.27% of the stock.

Dime Community Bancshares, Inc. (NASDAQ:DCOM - Get Free Report) 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.

Dime Community Bancshares Price Performance

The company has a market cap of $1.79 billion, a price-to-earnings ratio of 17.18 and a beta of 0.99. The stock's 50-day simple moving average is $40.58 and its 200 day simple moving average is $37.96. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.57.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last announced its earnings results on Thursday, July 23rd. The savings and loans company reported $0.79 EPS for the quarter, meeting analysts' consensus estimates of $0.79. The company had revenue of $128.41 million during the quarter, compared to analysts' expectations 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 period last year, the business posted $0.64 EPS. 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 firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 17th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, July 17th. Dime Community Bancshares's dividend payout ratio is presently 36.10%.

Insider Buying and Selling

In other news, Director Raymond A. Nielsen sold 1,800 shares of the 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 sale, the director directly owned 32,400 shares in the company, valued at approximately $1,352,052. This trade represents a 5.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Basswood Capital Management, L sold 7,170 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $41.40, for a total value of $296,838.00. Following the completion of the sale, the director owned 6,099 shares in the company, valued at approximately $252,498.60. The trade was a 54.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 134,595 shares of company stock worth $5,506,229. 7.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dime Community Bancshares

Large investors have recently bought and sold shares of the stock. Tidal Investments LLC purchased a new stake in shares of Dime Community Bancshares during the second quarter worth approximately $302,000. Squarepoint Ops LLC lifted its stake in Dime Community Bancshares by 2.7% in the second quarter. Squarepoint Ops LLC now owns 65,024 shares of the savings and loans company's stock worth $2,643,000 after acquiring an additional 1,686 shares during the last quarter. Nykredit A S purchased a new position in Dime Community Bancshares in the second quarter worth approximately $35,000. HighTower Advisors LLC acquired a new position in Dime Community Bancshares during the 2nd quarter worth approximately $211,000. Finally, Odyssean LLC acquired a new position in Dime Community Bancshares during the 2nd quarter worth approximately $203,000. Hedge funds and other institutional investors own 75.27% of the company's stock.

Dime Community Bancshares Company Profile

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.

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