Dime Community Bancshares (NASDAQ:DCOM) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday.
Other equities analysts have also recently issued research reports about the company. ValuEngine raised Dime Community Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Barclays boosted their price objective on Dime Community Bancshares from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $23.00 price objective on shares of Dime Community Bancshares in a research report on Tuesday, October 3rd. Finally, Piper Jaffray Companies cut Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a research report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.50.
Shares of Dime Community Bancshares (DCOM) traded up $0.40 during trading hours on Thursday, hitting $21.95. The company’s stock had a trading volume of 172,018 shares, compared to its average volume of 161,640. Dime Community Bancshares has a 12 month low of $18.35 and a 12 month high of $22.65. The firm has a market capitalization of $806.46, a PE ratio of 22.17 and a beta of 0.82. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.27.
Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. Dime Community Bancshares had a return on equity of 8.28% and a net margin of 16.99%. The business had revenue of $42.74 million during the quarter. equities analysts forecast that Dime Community Bancshares will post 1.46 earnings per share for the current fiscal year.
In related news, insider Timothy B. King sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $22.50, for a total transaction of $112,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 7.30% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Peregrine Capital Management LLC bought a new position in Dime Community Bancshares during the third quarter valued at about $6,819,000. Dimensional Fund Advisors LP increased its stake in Dime Community Bancshares by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,799,743 shares of the savings and loans company’s stock valued at $54,875,000 after acquiring an additional 208,581 shares during the period. Systematic Financial Management LP increased its stake in Dime Community Bancshares by 22.8% during the third quarter. Systematic Financial Management LP now owns 632,643 shares of the savings and loans company’s stock valued at $13,602,000 after acquiring an additional 117,458 shares during the period. Citadel Advisors LLC increased its stake in Dime Community Bancshares by 272.9% during the second quarter. Citadel Advisors LLC now owns 125,495 shares of the savings and loans company’s stock valued at $2,460,000 after acquiring an additional 91,842 shares during the period. Finally, Ulysses Management LLC increased its stake in Dime Community Bancshares by 241.1% during the second quarter. Ulysses Management LLC now owns 100,000 shares of the savings and loans company’s stock valued at $1,960,000 after acquiring an additional 70,679 shares during the period. 68.33% of the stock is owned by institutional investors and hedge funds.
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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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