Michael Fegan, Chief Technology & Operations Officer at Dime Community Bancshares, Inc. (NASDAQ:DCOM), recently sold 2,000 shares of the company's common stock. The transaction took place on December 9, 2024, at an average price of $35.7567 per share, resulting in a total sale value of approximately $71,513.
Following the sale, Fegan retains ownership of 20,155 shares of Dime Community Bancshares. This transaction is part of the regular reporting requirements for company insiders, ensuring transparency in their dealings with the company's stock. Notably, DCOM has maintained dividend payments for 28 consecutive years, demonstrating strong shareholder commitment. InvestingPro subscribers can access additional insights, including 8 more key tips about DCOM's financial health and growth prospects.
In other recent news, Dime Community Bancshares has shown substantial growth in its third-quarter earnings, with a significant rise in core deposits and business loans. The bank's net interest margin also saw a marked improvement. Despite an increase in non-interest expenses and loan loss provisions, the company remains upbeat about its future prospects. Dime Community Bancshares has also announced a public stock offering at $32.00 per share, aiming to raise approximately $125 million for general corporate purposes.
The financial services firm, Stephens, has upgraded Dime Community Bancshares' stock from Equal Weight to Overweight, following the company's recent equity raise of $144 million. This upgrade comes with a revised operating earnings per share estimates for the years 2024, 2025, and 2026. The financial institution has also made significant amendments to its corporate governance structure, altering how directors are elected during uncontested and contested elections.
These are some of the recent developments at Dime Community Bancshares, reflecting the company's ongoing efforts to align its operations with best practices and enhance its growth prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.