Dime Community Bancshares, Inc. (NASDAQ:DCOM) declared a quarterly dividend on Wednesday, January 27th, Market Beat.com reports. Stockholders of record on Monday, February 8th will be paid a dividend of 0.14 per share on Monday, February 15th. This represents a $0.56 annualized dividend and a dividend yield of 3.44%.

Several brokerages have recently commented on DCOM. Zacks Investment Research raised shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, November 18th. Piper Jaffray raised shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $18.00 to $20.00 in a research report on Monday, October 26th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Dime Community Bancshares from $17.00 to $18.50 and gave the stock a “market perform” rating in a research report on Tuesday, November 3rd.

Dime Community Bancshares (NASDAQ:DCOM) opened at 16.28 on Thursday. Dime Community Bancshares has a one year low of $14.73 and a one year high of $18.74. The firm has a 50-day moving average of $16.98 and a 200-day moving average of $17.25. The company has a market cap of $591.42 million and a PE ratio of 13.02.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings results on Wednesday, January 27th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. On average, analysts predict that Dime Community Bancshares will post $1.22 EPS for the current year.

In other news, Vice Chairman Michael P. Devine sold 4,200 shares of the firm’s stock in a transaction on Thursday, December 3rd. The shares were sold at an average price of $18.50, for a total transaction of $77,700.00. Following the transaction, the insider now owns 431,161 shares in the company, valued at approximately $7,976,478.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony Bergamo sold 10,000 shares of the firm’s stock in a transaction on Friday, November 20th. The shares were sold at an average price of $18.25, for a total transaction of $182,500.00. Following the transaction, the director now owns 147,781 shares in the company, valued at approximately $2,697,003.25. The disclosure for this sale can be found here.

Dime Community Bancshares, Inc. is a unitary savings and loan holding company. The Company operates as the holding company for The Dime Savings Bank of Williamsburgh (NASDAQ:DCOM), a chartered savings bank. The Bank’s principal business is gathering retail deposits, and lending them primarily in multifamily residential, commercial real estate and mixed use loans, as well as investing in mortgage-backed securities (MBS), obligations of the United States Government and Government Sponsored Entities (GSEs), and corporate debt and equity securities. The Bank’s primary sources of funds are, in general, deposits; loan amortization, prepayments and maturities; MBS amortization, prepayments and maturities; investment securities maturities and sales, and advances from the Federal Home Loan Bank of New York (FHLBNY).

12 Month Chart for NASDAQ:DCOM

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