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 $71,513 were sold by Fegan Michael on Dec 09 ’24. At $35.76 per share, Fegan Michael sold 2,000 shares. The insider’s holdings dropped to 20,155 shares worth approximately $0.62 million following the completion of this transaction.
Also, BASSWOOD CAPITAL MANAGEMENT, L purchased 29,000 shares, netting a total of over 928,000 in proceeds. Following the buying of shares at $32.00 each, the insider now holds 1,044,221 shares.
Before that, BASSWOOD CAPITAL MANAGEMENT, L had added 27,068 shares to its account. In a trade valued at $622,564, the Director-by-Deputization bought Dime Community Bancshares Inc shares for $23.00 each. Upon closing the transaction, the insider’s holdings increased to 27,068 shares, worth approximately $31.47 million.
As published in a research note from Piper Sandler on January 23, 2025, Dime Community Bancshares Inc [DCOM] has been rated up from a Neutral to an Overweight and the price target has been revised to $38 from $36. Analysts at Stephens upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid November. As of September 17, 2024, Raymond James has increased its “an Outperform” rating to a “Strong buy” for DCOM. Earlier on July 23, 2024, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for DCOM stock which previously was a “an Overweight”.
Analyzing DCOM Stock Performance
During the last five days, there has been a drop of approximately -3.88%. Over the course of the year, Dime Community Bancshares Inc shares have jumped approximately 0.86%. Shares of the company reached a 52-week high of $33.04 on 01/23/25 and a 52-week low of $28.65 on 01/10/25. A 50-day SMA is recorded $33.26, while a 200-day SMA reached $25.74. Nevertheless, trading volume fell to 0.98 million shares from 0.36 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 29.91, which, if violated, would cause prices to drop to 28.81. In the upper region, resistance lies at 32.57. The next price resistance is at 34.14. RSI (Relative Strength Index) is 44.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.50, which suggests the price will decrease in the coming days. Percent R is at 46.53%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
