Dime Community Bancshares, Inc. (NASDAQ:DCOM) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report released on Thursday.

Several other research analysts have also recently commented on DCOM. Barclays PLC restated an “underweight” rating and set a $20.00 target price (up previously from $19.00) on shares of Dime Community Bancshares in a report on Wednesday, July 12th. BidaskClub cut shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $22.00 target price on shares of Dime Community Bancshares in a report on Thursday, August 31st. Two analysts have rated the stock with a sell rating, three have issued 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 target price of $21.50.

Dime Community Bancshares (DCOM) traded down 0.81% on Thursday, hitting $18.45. 230,287 shares of the stock were exchanged. The stock has a market capitalization of $690.88 million, a P/E ratio of 20.19 and a beta of 0.80. Dime Community Bancshares has a one year low of $16.10 and a one year high of $22.48. The company has a 50 day moving average of $19.54 and a 200 day moving average of $20.03.

Dime Community Bancshares (NASDAQ:DCOM) last announced its earnings results on Thursday, July 27th. The savings and loans company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Dime Community Bancshares had a net margin of 16.23% and a return on equity of 8.04%. The business had revenue of $39.80 million during the quarter. On average, equities research analysts forecast that Dime Community Bancshares will post $1.27 earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in DCOM. Louisiana State Employees Retirement System lifted its stake in Dime Community Bancshares by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the savings and loans company’s stock valued at $258,000 after acquiring an additional 200 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Dime Community Bancshares in the first quarter valued at $225,000. Great West Life Assurance Co. Can lifted its stake in Dime Community Bancshares by 6.1% in the first quarter. Great West Life Assurance Co. Can now owns 43,954 shares of the savings and loans company’s stock valued at $890,000 after acquiring an additional 2,513 shares during the last quarter. LSV Asset Management lifted its stake in Dime Community Bancshares by 19.7% in the first quarter. LSV Asset Management now owns 908,322 shares of the savings and loans company’s stock valued at $18,438,000 after acquiring an additional 149,806 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Dime Community Bancshares by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 605,407 shares of the savings and loans company’s stock valued at $12,290,000 after acquiring an additional 18,396 shares during the last quarter. Hedge funds and other institutional investors own 68.00% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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