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Dime Community Bancshares Prices ‘Reopened’ Preferred Issue

As noted yesterday New York community banker Dime Community Bancshares (DCOM) is ‘reopening’ a previous issue of preferred stock–it is the 5.50% perpetual issued in January.

The company is offering 2 million shares plus an additional 300,000 shares for over allotment. The offering price is $19.87/shares.

Shares had moved lower yesterday on the announcement of the reopening and closed yesterday at $20.85.

Shares opened today at $20.25, but have now moved to $20.60.

The pricing term sheet is here.

Thanks to 2whiteroses for picking up the pricing.

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