Interactive Brokers shares jump as it secures spot in S&P 500
Raymond (NSE:RYMD) A. Nielsen, a director at Dime Community Bancshares, Inc. (NASDAQ:DCOM), recently sold 3,000 shares of the company’s common stock. The transaction, completed on February 21, 2025, was executed at a price of $31.25 per share, resulting in a total sale value of $93,750. The $1.33 billion market cap bank stock has shown remarkable strength with a 67% return over the past year, despite recent price weakness. Following this transaction, Nielsen’s direct ownership in the company stands at 41,184.683 shares. This move is part of routine insider activity and provides a glimpse into the trading actions of company executives. The bank maintains a solid 3.27% dividend yield and has consistently paid dividends for 29 consecutive years. InvestingPro analysis reveals 8 additional key insights about DCOM’s financial health and growth prospects.
In other recent news, Dime Community Bancshares reported its fourth-quarter 2024 earnings, revealing a significant revenue beat but a slight miss on earnings per share (EPS). The company achieved a revenue of $99.48 million, surpassing the expected $67.92 million, while the EPS came in at $0.42, falling short of the forecasted $0.44. This revenue performance highlights the company’s strong sales capabilities, although the EPS miss raised some investor concerns. In terms of company performance, Dime Community saw a 45% increase in adjusted EPS quarter-over-quarter, with core deposits growing by approximately $500 million. The company’s net interest margin also expanded by 29 basis points, showcasing its competitive strength in deposit gathering and loan growth.
Looking ahead, Dime Community projects non-interest income between $40 million and $42 million for 2025 and anticipates low single-digit loan growth. The company aims to achieve a net interest margin of 3% in 2025, with potential for further expansion in subsequent years. Additionally, during the earnings call, analysts from firms such as Piper Sandler and Raymond James inquired about deposit rate strategies and loan repricing opportunities. The executives addressed these concerns and explored future acquisitions and team expansions. These developments are part of Dime Community’s ongoing strategy to solidify its position in the banking sector.
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