Zacks Upgrades Dime Community Bancshares to “Neutral” (DCOM)
Dime Community Bancshares (NASDAQ:DCOM) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Friday. The firm currently has a $15.90 price target on the stock. Zacks‘s target price points to a potential upside of 3.11% from the company’s current price.
Shares of Dime Community Bancshares (NASDAQ:DCOM) traded down 0.45% on Friday, hitting $15.42. 134,926 shares of the company’s stock traded hands. Dime Community Bancshares has a one year low of $14.77 and a one year high of $18.23. The stock has a 50-day moving average of $15.56 and a 200-day moving average of $16.17. The company has a market cap of $551.7 million and a price-to-earnings ratio of 12.81.
Dime Community Bancshares (NASDAQ:DCOM) last released its earnings data on Friday, July 25th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. Analysts expect that Dime Community Bancshares will post $1.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 13th. Stockholders of record on Wednesday, August 6th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Monday, August 4th.
Dime Community Bancshares, Inc is a parent company of The Dime Savings Bank of Williamsburgh (NASDAQ:DCOM), a federally-chartered stock savings bank.
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