Dime Community Bancshares Inc’s filing revealed that its Director-by-Deputization BASSWOOD CAPITAL MANAGEMENT, L acquired Company’s shares for reported $0.62 million on Jan 31 ’24. In the deal valued at $23.00 per share,27,068 shares were bought. As a result of this transaction, BASSWOOD CAPITAL MANAGEMENT, L now holds 1,015,221 shares worth roughly $20.0 million.
Then, BASSWOOD CAPITAL MANAGEMENT, L sold 27,068 shares, generating $622,023 in total proceeds. Upon selling the shares at $22.98, the Director-by-Deputization now owns 1,010,678 shares.
Before that, Lubow Stuart H sold 10,000 shares. Dime Community Bancshares Inc shares valued at $205,061 were divested by the President & CEO at a price of $20.51 per share. As a result of the transaction, Lubow Stuart H now holds 212,088 shares, worth roughly $4.18 million.
A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early July from “a Strong buy” to “an Outperform”. Stephens also remained covering DCOM and has decreased its forecast on May 16, 2022 with a “an Equal-weight” recommendation from previously “an Overweight” rating.
Price Performance Review of DCOM
On Tuesday, Dime Community Bancshares Inc [NASDAQ:DCOM] saw its stock jump 5.07% to $19.70. Over the last five days, the stock has gained 7.53%. Dime Community Bancshares Inc shares have fallen nearly -26.85% since the year began. Nevertheless, the stocks have fallen -8.67% over the past one year. While a 52-week high of $27.91 was reached on 01/02/24, a 52-week low of $15.57 was recorded on 03/05/24. SMA at 50 days reached $19.19, while 200 days put it at $20.93. A total of 0.33 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For DCOM Stock
The 24-hour chart illustrates a support level at 19.11, which if violated will result in even more drops to 18.52. On the upside, there is a resistance level at 20.02. A further resistance level may holdings at 20.34. The Relative Strength Index (RSI) on the 14-day chart is 58.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 2.45%. Stochastics %K at 62.52% indicates the stock is a holding.
How much short interest is there in Dime Community Bancshares Inc?
A steep rise in short interest was recorded in Dime Community Bancshares Inc stocks on Mar 15, 2024, growing by 100000.0 shares to a total of 2.21 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.11 million shares. There was a rise of 4.52%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.43% of the overall stock float, the days-to-cover ratio (short ratio) rose to 8.35.
