Dime Community Bancshares Inc (DCOM): Lance Bennett , Executive VP & General Counsel of Dime Community Bancshares Inc sold 4,758 shares on May 3, 2016. The Insider selling transaction was reported by the company on May 4, 2016 to the Securities and Exchange Commission. The shares were sold at $17.79 per share for a total value of $84,629.59 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 3, 2016, Steven D Cohn (director) sold 3,141 shares at $17.93 per share price.On May 3, 2016, Anthony Bergamo (director) sold 6,521 shares at $18.03 per share price.Also, On May 3, 2016, Daniel J Harris (Executive Vice President) sold 18,813 shares at $17.93 per share price.On May 3, 2016, Vincent F Palagiano (Chairman and CEO) sold 95,888 shares at $18.08 per share price.
Shares of Dime Community Bancshares (DCOM) ended Wednesday, May 4, 2016 session in red amid volatile trading. The shares closed down -0.14 points or -0.78% at $17.7 with 1,92,142 shares getting traded. Post opening the session at $17.8, the shares hit an intraday low of $17.49 and an intraday high of $17.97 and the price vacillated in this range throughout the day. The company has a market cap of $661 M and the number of outstanding shares has been calculated to be 3,73,71,992 shares. The 52-week high of Dime Community Bancshares is $18.74 and the 52-week low is $15.46.
Dime Community Bancshares Inc. is a unitary savings and loan holding company. The Company operates as the holding company for The Dime Savings Bank of Williamsburgh (the Bank) a chartered savings bank. The Bank’s principal business is gathering retail deposits and lending them primarily in multifamily residential commercial real estate and mixed use loans as well as investing in mortgage-backed securities (MBS) obligations of the United States Government and Government Sponsored Entities (GSEs) and corporate debt and equity securities. The Bank’s primary sources of funds are in general deposits; loan amortization prepayments and maturities; MBS amortization prepayments and maturities; investment securities maturities and sales and advances from the Federal Home Loan Bank of New York (FHLBNY).