BidaskClub upgraded shares of Dime Community Bancshares (NASDAQ:DCOM) from a strong sell rating to a sell rating in a research report sent to investors on Thursday, March 8th.
DCOM has been the topic of several other reports. Keefe, Bruyette & Woods reiterated a hold rating and set a $21.50 price objective on shares of Dime Community Bancshares in a research report on Tuesday, January 30th. ValuEngine cut shares of Dime Community Bancshares from a buy rating to a hold rating in a research report on Friday, February 2nd. Sandler O’Neill reiterated a buy rating and set a $23.00 price objective on shares of Dime Community Bancshares in a research report on Friday, January 26th. Finally, Barclays boosted their price target on shares of Dime Community Bancshares from $21.00 to $22.00 and gave the company an underweight rating in a report on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $21.88.
Dime Community Bancshares (NASDAQ:DCOM) opened at $19.25 on Thursday. The stock has a market capitalization of $713.09, a PE ratio of 13.85 and a beta of 0.74. Dime Community Bancshares has a 1 year low of $17.80 and a 1 year high of $22.65. The company has a current ratio of 1.31, a quick ratio of 1.40 and a debt-to-equity ratio of 2.14.
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 the Thomson Reuters’ consensus estimate of $0.34. The company had revenue of $52.44 million for the quarter. Dime Community Bancshares had a return on equity of 8.30% and a net margin of 22.21%. equities research analysts predict that Dime Community Bancshares will post 1.45 earnings per share for the current year.
In other Dime Community Bancshares news, EVP Stuart H. Lubow acquired 2,300 shares of Dime Community Bancshares 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven D. Cohn sold 10,000 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $19.21, for a total transaction of $192,100.00. Following the transaction, the director now directly owns 81,990 shares of the company’s stock, valued at approximately $1,575,027.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 4,300 shares of company stock worth $81,980. 7.30% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC acquired a new position in Dime Community Bancshares during the 3rd quarter worth $213,000. Teacher Retirement System of Texas acquired a new position in Dime Community Bancshares during the 4th quarter worth $228,000. Asset Management One Co. Ltd. acquired a new position in Dime Community Bancshares during the 3rd quarter worth $313,000. MetLife Investment Advisors LLC acquired a new position in Dime Community Bancshares during the 4th quarter worth $325,000. Finally, BNP Paribas Arbitrage SA lifted its position in Dime Community Bancshares by 47.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 16,682 shares of the savings and loans company’s stock worth $359,000 after acquiring an additional 5,378 shares during the last quarter. 72.90% of the stock is owned by hedge funds and other institutional investors.
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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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