S&P 500 retreats, but remains near record levels as Fed meeting kicks off
Basswood Capital Management, L.L.C., along with Bennett Lindenbaum and Matthew Lindenbaum, reported the sale of 9,000 shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) common stock on September 9, 2025. The shares were sold at a price of $30.33, for a total transaction value of $272,970. The stock, which currently trades at $30.98, has shown resilience with a 31% return over the past year. According to InvestingPro, the company maintains an impressive 29-year streak of consistent dividend payments, currently yielding 3.23%.
Following the transaction, the reporting owners collectively hold 1,034,158 shares of Dime Community Bancshares, representing a significant position in this $1.36 billion market cap company. Basswood Capital Management, L.L.C. is deemed a "director-by-deputization" due to Matthew Lindenbaum serving on the board of directors of Dime Community Bancshares. InvestingPro analysis indicates the stock is currently trading at Fair Value, with analysts setting price targets ranging from $31 to $42.
In other recent news, Dime Community Bancshares reported its second-quarter earnings for 2025, exceeding analyst expectations. The company announced an earnings per share (EPS) of $0.64, slightly above the projected $0.63, reflecting a 1.59% surprise. Additionally, Dime Community outperformed revenue forecasts, generating $109.7 million compared to the anticipated $106.96 million, marking a 2.56% surprise. These developments come as part of the company’s ongoing financial performance updates. Analyst firms have not issued any recent upgrades or downgrades for Dime Community. The company’s recent financial results may attract attention from investors monitoring its performance closely. These updates are part of the latest developments surrounding Dime Community Bancshares.
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