Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) have earned a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $22.17.
A number of equities research analysts have recently issued reports on DCOM shares. BidaskClub upgraded Dime Community Bancshares from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 6th. Barclays increased 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. Sandler O’Neill reiterated a “buy” rating and issued a $23.00 price objective on shares of Dime Community Bancshares in a research report on Friday, January 26th. ValuEngine lowered Dime Community Bancshares from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Piper Jaffray Companies lowered Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a research report on Friday, November 3rd.
In related news, Director Steven D. Cohn sold 10,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $19.21, for a total value of $192,100.00. Following the completion of the transaction, the director now directly owns 81,990 shares in the company, valued at $1,575,027.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Stuart H. Lubow acquired 2,300 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was acquired at an average price of $19.25 per share, with a total value of $44,275.00. The disclosure for this purchase can be found here. Insiders purchased 3,800 shares of company stock valued at $72,735 over the last quarter. 7.30% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its stake in Dime Community Bancshares by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 118,628 shares of the savings and loans company’s stock worth $2,326,000 after purchasing an additional 684 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Dime Community Bancshares by 3.4% during the second quarter. Alliancebernstein L.P. now owns 72,501 shares of the savings and loans company’s stock worth $1,421,000 after purchasing an additional 2,400 shares in the last quarter. Teachers Advisors LLC lifted its stake in Dime Community Bancshares by 9.7% during the second quarter. Teachers Advisors LLC now owns 57,272 shares of the savings and loans company’s stock worth $1,123,000 after purchasing an additional 5,083 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Dime Community Bancshares by 13.3% during the second quarter. Ameriprise Financial Inc. now owns 192,869 shares of the savings and loans company’s stock worth $3,784,000 after purchasing an additional 22,651 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in Dime Community Bancshares by 14.5% during the second quarter. Parametric Portfolio Associates LLC now owns 179,218 shares of the savings and loans company’s stock worth $3,513,000 after purchasing an additional 22,661 shares in the last quarter. Institutional investors own 70.27% of the company’s stock.
Shares of Dime Community Bancshares (DCOM) opened at $18.75 on Tuesday. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.31 and a quick ratio of 1.40. The stock has a market capitalization of $701.61, a P/E ratio of 14.53 and a beta of 0.72. Dime Community Bancshares has a 52-week low of $17.95 and a 52-week high of $22.65.
Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings results on Thursday, January 25th. The savings and loans company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.34. The business had revenue of $52.44 million during the quarter. Dime Community Bancshares had a return on equity of 8.30% and a net margin of 22.21%. sell-side analysts predict that Dime Community Bancshares will post 1.45 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were given a $0.14 dividend. The ex-dividend date was Monday, February 5th. This represents a $0.56 annualized dividend and a yield of 2.99%. Dime Community Bancshares’s payout ratio is 40.29%.
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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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