Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Dime Community Bancshares Inc shares valued at $928,000 were purchased by BASSWOOD CAPITAL MANAGEMENT, L on Nov 12 ’24. At $32.00 per share, BASSWOOD CAPITAL MANAGEMENT, L acquired 29,000 shares. The insider’s holdings grew to 1,044,221 shares worth approximately $36.55 million following the completion of this transaction.
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Also, BASSWOOD CAPITAL MANAGEMENT, L purchased 27,068 shares, netting a total of over 622,564 in proceeds. Following the buying of shares at $23.00 each, the insider now holds 1,015,221 shares.
Before that, BASSWOOD CAPITAL MANAGEMENT, L had sold 27,068 shares from its account. In a trade valued at $622,023, the Director-by-Deputization traded Dime Community Bancshares Inc shares for $22.98 each. Upon closing the transaction, the insider’s holdings decreased to 27,068 shares, worth approximately $35.37 million.
As published in a research note from Stephens on November 18, 2024, Dime Community Bancshares Inc [DCOM] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $39. Analysts at Raymond James upgraded the stock from ‘”an Outperform”‘ to ‘”a Strong buy”‘ outlook in a report released in mid September. As of July 23, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for DCOM.
Analyzing DCOM Stock Performance
During the last five days, there has been a surge of approximately 3.40%. Over the course of the year, Dime Community Bancshares Inc shares have jumped approximately 29.97%. Shares of the company reached a 52-week high of $36.05 on 11/18/24 and a 52-week low of $17.29 on 03/05/24. A 50-day SMA is recorded $30.29, while a 200-day SMA reached $22.87. Nevertheless, trading volume fell to 0.44 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for Dime Community Bancshares Inc (DCOM)
According to the 24-hour chart, there is a support level at 34.49, which, if violated, would cause prices to drop to 33.98. In the upper region, resistance lies at 35.63. The next price resistance is at 36.26. RSI (Relative Strength Index) is 65.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.25, which suggests the price will increase in the coming days. Percent R is at 15.06%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
