Have Insiders Sold Dime Community Bancshares Shares Recently?

Some Dime Community Bancshares, Inc. (NASDAQ:DCOM) shareholders may be a little concerned to see that the Executive Chairman, Kenneth Mahon, recently sold a substantial US$817k worth of stock at a price of US$32.69 per share. However, that sale only accounted for 8.9% of their holding, so arguably it doesn't say much about their conviction.

View our latest analysis for Dime Community Bancshares

Dime Community Bancshares Insider Transactions Over The Last Year

Notably, that recent sale by Kenneth Mahon is the biggest insider sale of Dime Community Bancshares shares that we've seen in the last year. So we know that an insider sold shares at around the present share price of US$31.16. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Insiders in Dime Community Bancshares didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like Dime Community Bancshares better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does Dime Community Bancshares Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Dime Community Bancshares insiders own about US$69m worth of shares. That equates to 5.1% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Dime Community Bancshares Insiders?

Insiders sold Dime Community Bancshares shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. While insiders do own shares, they don't own a heap, and they have been selling. So we'd only buy after careful consideration. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. Every company has risks, and we've spotted 3 warning signs for Dime Community Bancshares you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.