BidaskClub cut shares of Dime Community Bancshares (NASDAQ:DCOM) from a hold rating to a sell rating in a report released on Friday.
DCOM has been the topic of several other research reports. ValuEngine upgraded Dime Community Bancshares from a hold rating to a buy rating in a research report on Friday, September 22nd. Piper Jaffray Companies downgraded Dime Community Bancshares from an overweight rating to a neutral rating in a research report on Friday, November 3rd. Barclays raised their target price on Dime Community Bancshares from $20.00 to $21.00 and gave the company an underweight rating in a research report on Wednesday, October 11th. Finally, Keefe, Bruyette & Woods restated a hold rating and issued a $23.00 target price on shares of Dime Community Bancshares in a research report on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $22.50.
Shares of Dime Community Bancshares (DCOM) opened at $21.55 on Friday. The company has a market capitalization of $804.59, a P/E ratio of 21.55 and a beta of 0.82. Dime Community Bancshares has a 1-year low of $18.35 and a 1-year high of $22.65. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.40 and a quick ratio of 1.40.
Dime Community Bancshares (NASDAQ:DCOM) last released its earnings results on Thursday, October 26th. The savings and loans company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $42.74 million for the quarter. Dime Community Bancshares had a return on equity of 8.28% and a net margin of 16.99%. equities research analysts anticipate that Dime Community Bancshares will post 1.29 EPS for the current year.
In other news, insider Timothy B. King sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $22.50, for a total value of $112,500.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 7.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in Dime Community Bancshares by 4.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,921,759 shares of the savings and loans company’s stock worth $62,817,000 after buying an additional 122,016 shares in the last quarter. Northern Trust Corp lifted its position in Dime Community Bancshares by 5.0% during the second quarter. Northern Trust Corp now owns 1,354,196 shares of the savings and loans company’s stock worth $26,542,000 after buying an additional 64,023 shares in the last quarter. Polaris Capital Management LLC lifted its position in Dime Community Bancshares by 0.9% during the second quarter. Polaris Capital Management LLC now owns 896,889 shares of the savings and loans company’s stock worth $17,579,000 after buying an additional 7,800 shares in the last quarter. Systematic Financial Management LP lifted its position 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 worth $13,602,000 after buying an additional 117,458 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in Dime Community Bancshares by 3.0% during the third quarter. Prudential Financial Inc. now owns 490,344 shares of the savings and loans company’s stock worth $10,542,000 after buying an additional 14,110 shares in the last quarter. Hedge funds and other institutional investors own 68.33% of the company’s stock.
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Dime Community Bancshares Company Profile
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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