Dime Community Bancshares Inc’s recent filing unveils that its Chief Technology & Ops Officer Fegan Michael unloaded Company’s shares for reported $71513.0 on Dec 09 ’24. In the deal valued at $35.76 per share,2,000 shares were sold. As a result of this transaction, Fegan Michael now holds 20,155 shares worth roughly $0.64 million.
Then, BASSWOOD CAPITAL MANAGEMENT, L bought 29,000 shares, generating $928,000 in total proceeds. Upon buying the shares at $32.00, the Director-by-Deputization now owns 1,044,221 shares.
Before that, BASSWOOD CAPITAL MANAGEMENT, L bought 27,068 shares. Dime Community Bancshares Inc shares valued at $622,564 were divested by the Director-by-Deputization at a price of $23.00 per share. As a result of the transaction, BASSWOOD CAPITAL MANAGEMENT, L now holds 1,015,221 shares, worth roughly $32.45 million.
Stephens upgraded its Dime Community Bancshares Inc [DCOM] rating to an Overweight from a an Equal-weight in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid September from “an Outperform” to “a Strong buy”. Piper Sandler also remained covering DCOM and has decreased its forecast on July 23, 2024 with a “Neutral” recommendation from previously “an Overweight” rating.
Price Performance Review of DCOM
On Friday, Dime Community Bancshares Inc [NASDAQ:DCOM] saw its stock fall -0.28% to $31.96. Over the last five days, the stock has gained 8.01%. Dime Community Bancshares Inc shares have risen nearly 3.99% since the year began. Nevertheless, the stocks have risen 31.52% over the past one year. While a 52-week high of $37.60 was reached on 01/15/25, a 52-week low of $17.29 was recorded on 01/10/25. SMA at 50 days reached $33.32, while 200 days put it at $25.54.
Levels Of Support And Resistance For DCOM Stock
The 24-hour chart illustrates a support level at 31.57, which if violated will result in even more drops to 31.18. On the upside, there is a resistance level at 32.32. A further resistance level may holdings at 32.68. The Relative Strength Index (RSI) on the 14-day chart is 50.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.87%. Stochastics %K at 84.23% indicates the stock is a selling.
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 2024-12-31, growing by 0.3 million shares to a total of 2.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.16 million shares. There was a rise of 12.34%, which implies that there is a positive sentiment for the stock.
