Dime Community Bancshares, Inc. (NASDAQ:DCOM) was downgraded by analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating in a research note issued to investors on Friday.
DCOM has been the topic of several other research reports. BidaskClub lowered Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. ValuEngine raised Dime Community Bancshares from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Barclays PLC upped their target price on Dime Community Bancshares from $20.00 to $21.00 and gave the company an “underweight” rating in a report on Wednesday, October 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $23.00 target price on shares of Dime Community Bancshares in a report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Dime Community Bancshares presently has an average rating of “Hold” and an average price target of $22.17.
Dime Community Bancshares (NASDAQ DCOM) traded down $1.10 during trading hours on Friday, reaching $20.75. The company’s stock had a trading volume of 247,935 shares, compared to its average volume of 127,710. The stock has a market capitalization of $776.53, a PE ratio of 16.21 and a beta of 0.83. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.40 and a quick ratio of 1.35. Dime Community Bancshares has a 1 year low of $16.25 and a 1 year high of $22.65.
Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The firm had revenue of $42.74 million during the quarter. Dime Community Bancshares had a return on equity of 8.28% and a net margin of 16.99%. sell-side analysts anticipate that Dime Community Bancshares will post 1.29 EPS for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of the business. Federated Investors Inc. PA grew its holdings in Dime Community Bancshares by 0.5% in the second quarter. Federated Investors Inc. PA now owns 9,493 shares of the savings and loans company’s stock valued at $186,000 after purchasing an additional 47 shares during the last quarter. Alps Advisors Inc. boosted its stake in shares of Dime Community Bancshares by 0.3% during the second quarter. Alps Advisors Inc. now owns 23,132 shares of the savings and loans company’s stock valued at $453,000 after acquiring an additional 59 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Dime Community Bancshares by 0.6% during the second quarter. Arizona State Retirement System now owns 16,270 shares of the savings and loans company’s stock valued at $319,000 after acquiring an additional 100 shares during the last quarter. Texas Permanent School Fund boosted its stake in shares of Dime Community Bancshares by 1.3% during the second quarter. Texas Permanent School Fund now owns 22,806 shares of the savings and loans company’s stock valued at $447,000 after acquiring an additional 297 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Dime Community Bancshares by 8.4% during the second quarter. SG Americas Securities LLC now owns 6,243 shares of the savings and loans company’s stock valued at $122,000 after acquiring an additional 486 shares during the last quarter. 67.18% of the stock is currently owned by institutional investors.
About Dime Community Bancshares
Dime Community Bancshares, Inc operates as a holding company for Dime Community Bank (the Bank), a chartered savings bank. The Company is a unitary savings and loan holding company. The Company operates through Community Banking segment. 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.
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