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 business's stock in a transaction that occurred on 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 owned 38,185 shares of the company's stock, valued at $1,180,680.20. The trade was a 2.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Dime Community Bancshares Price Performance

Shares of NASDAQ:DCOM traded down $0.17 during midday trading on Friday, hitting $30.81. The stock had a trading volume of 134,436 shares, compared to its average volume of 157,466. The company's 50-day moving average price is $29.11 and its 200-day moving average price is $27.61. The company has a market capitalization of $1.35 billion, a P/E ratio of 36.68 and a beta of 1.15. Dime Community Bancshares, Inc. has a fifty-two week low of $23.25 and a fifty-two week high of $37.60. 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 (NASDAQ:DCOM - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The savings and loans company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.01. Dime Community Bancshares had a net margin of 6.74% and a return on equity of 6.90%. The business had revenue of $109.54 million during the quarter, compared to analysts' expectations of $107.08 million. During the same period in the prior year, the company earned $0.37 EPS. As a group, equities research analysts predict that Dime Community Bancshares, Inc. will post 3.06 EPS for the current fiscal 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 $0.3438 dividend. This represents a yield of 496.0%. The ex-dividend date was Friday, August 8th. Dime Community Bancshares's dividend payout ratio is 119.05%.

Hedge Funds Weigh In On Dime Community Bancshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in DCOM. CoreCap Advisors LLC increased its position in Dime Community Bancshares by 125.0% in 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 period. Hughes Financial Services LLC acquired a new position in Dime Community Bancshares in the 1st quarter valued at approximately $37,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Dime Community Bancshares in the 2nd quarter valued at $97,000. GAMMA Investing LLC boosted its stake in shares of Dime Community Bancshares by 14.0% in the 1st quarter. GAMMA Investing LLC now owns 3,931 shares of the savings and loans company's stock valued at $110,000 after purchasing an additional 483 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Dime Community Bancshares by 326.4% in the 2nd 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 last quarter. 75.27% of the stock is currently 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.