Raymond A. Nielsen Sells 1,000 Shares of Dime Community Bancshares (NASDAQ:DCOM) Stock

Key Points

• Director Raymond Nielsen sold 1,000 shares of Dime Community Bancshares for a total of $30,920, reducing his ownership by 2.55%.
• Dime Community Bancshares recently declared a dividend of $0.3438 per share, translating to a significant dividend yield of 496.0%.
• The company reported $0.64 earnings per share for the last quarter, surpassing analysts' expectations of $0.63 and reflecting a revenue of $109.54 million.

Dime Community Bancshares, Inc. (NASDAQ:DCOM - Get Free Report) Director Raymond A. Nielsen sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $30.92, for a total transaction of $30,920.00. Following the completion of the sale, the director directly owned 38,185 shares in the company, valued at $1,180,680.20. This represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Dime Community Bancshares Trading Down 0.5%

Shares of DCOM traded down $0.17 during mid-day trading on Friday, hitting $30.81. The company had a trading volume of 134,436 shares, compared to its average volume of 157,466. The business's 50-day simple moving average is $29.11 and its 200-day simple moving average is $27.59. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.59. Dime Community Bancshares, Inc. has a 1-year low of $23.25 and a 1-year high of $37.60. The stock has a market cap of $1.35 billion, a PE ratio of 36.68 and a beta of 1.15.

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

Dime Community Bancshares Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 11th were given a dividend of $0.3438 per share. This represents a yield of 496.0%. The ex-dividend date of this dividend was Friday, August 8th. Dime Community Bancshares's payout ratio is 119.05%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. CoreCap Advisors LLC lifted its position in Dime Community Bancshares by 125.0% during the fourth quarter. CoreCap Advisors LLC now owns 900 shares of the savings and loans company's stock valued at $28,000 after buying an additional 500 shares in the last quarter. Hughes Financial Services LLC acquired a new position in Dime Community Bancshares during the first quarter valued at approximately $37,000. Emerald Mutual Fund Advisers Trust acquired a new position in Dime Community Bancshares during the second quarter valued at approximately $97,000. GAMMA Investing LLC lifted its position 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 valued at $110,000 after buying an additional 483 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Dime Community Bancshares by 326.4% during the second quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company's stock valued at $156,000 after purchasing an additional 4,446 shares during the period. 75.27% of the stock is owned by institutional investors and hedge funds.

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.