Dime Community Bancshares Inc (DCOM): Vincent F Palagiano , Chairman and CEO of Dime Community Bancshares Inc sold 24,799 shares on May 23, 2016. The Insider selling transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were sold at $18.26 per share for a total value of $452,751.94 , 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 20, 2016, Vincent F Palagiano (Chairman and CEO) sold 201 shares at $18.25 per share price.On May 13, 2016, Terence J Mitchell (Exec. VP -Chief Retail Officer) sold 28,318 shares at $17.86 per share price.Also, On May 10, 2016, Michael Pucella (EXECUTIVE VICE PRESIDENT) sold 3,863 shares at $17.61 per share price.On May 4, 2016, Lance Bennett (Executive VP & General Counsel) sold 4,758 shares at $17.79 per share price.
Dime Community Bancshares: On Friday, May 20, 2016 heightened volatility was witnessed in Dime Community Bancshares which led to swings in the share price. The shares opened for trading at $18 and hit $18.2 on the upside , eventually ending the session at $18.18, with a gain of 1.45% or 0.26 points. The heightened volatility saw the trading volume jump to 1,29,930 shares. The 52-week high of the share price is $18.74 and the company has a market cap of $683,495 M . The 52-week low of the share price is at $15.61.
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).