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Raymond (NSE:RYMD) A. Nielsen, a director at Dime Community Bancshares, Inc. (NASDAQ:DCOM), recently sold 2,000 shares of the company’s common stock. The transaction, which took place on May 28, 2025, was executed at a price of $25.5801 per share, amounting to a total sale value of $51,160. The sale comes as the $1.11 billion market cap bank trades near its InvestingPro Fair Value, despite a significant 28% decline over the past six months.
Following this transaction, Nielsen holds 35,392 shares directly. In addition to his direct holdings, Nielsen also maintains indirect ownership through various trusts and family accounts, including 10 shares in a trust for Child 1, 724 shares in a trust for Child 2, 4,227 shares in a trust for Child 3, and 520 shares in an account attributed to his wife. Detailed insider trading analysis and additional metrics are available on InvestingPro.
This transaction is part of Nielsen’s ongoing management of his investment portfolio within the company, which currently offers a 3.9% dividend yield and has maintained dividend payments for 29 consecutive years.
In other recent news, Dime Community Bancshares held its annual shareholder meeting, where all director nominees were elected, and Crowe LLP was ratified as the independent public accounting firm for 2025. Shareholders also approved, on a non-binding basis, the compensation plan for the company’s executive officers. Dime Community Bancshares announced the appointment of Solomon Ponniah as Senior Vice President and Group Leader of its Commercial Lending division to support its expansion in the New York City area. The company also promoted Elizabeth DiGangi to Chief Accounting Officer, highlighting her extensive experience within the bank. Stephens analyst Matthew M. Breese adjusted the price target for Dime Community Bancshares to $32.50, down from $36.00, while maintaining an Overweight rating. This revision followed the company’s first-quarter earnings, which exceeded consensus expectations but fell short of Stephens’ forecasts due to a smaller-than-expected balance sheet. Despite the adjustment, Stephens remains optimistic about the bank’s financial outlook, citing strong balance sheet quality and robust credit metrics. The company’s management anticipates increased expenses and a lower net interest margin in the near term.
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