Dime Community Bancshares, Inc. (NASDAQ:DCOM) has received an average recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $21.50.

Several brokerages have issued reports on DCOM. ValuEngine lowered Dime Community Bancshares from a “buy” rating to a “hold” rating in a research note on Thursday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $22.00 target price on shares of Dime Community Bancshares in a research note on Thursday, August 31st. BidaskClub lowered Dime Community Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Barclays PLC reaffirmed an “underweight” rating and issued a $20.00 target price (up previously from $19.00) on shares of Dime Community Bancshares in a research note on Wednesday, July 12th.

Several large investors have recently added to or reduced their stakes in the company. Federated Investors Inc. PA raised its holdings in shares of Dime Community Bancshares by 0.5% during the second quarter. Federated Investors Inc. PA now owns 9,493 shares of the savings and loans company’s stock valued at $186,000 after acquiring an additional 47 shares in the last quarter. Alps Advisors Inc. raised its holdings in shares of Dime Community Bancshares by 0.3% during the second quarter. Alps Advisors Inc. now owns 23,132 shares of the savings and loans company’s stock valued at $453,000 after acquiring an additional 59 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Dime Community Bancshares by 0.6% during the first quarter. Arizona State Retirement System now owns 16,170 shares of the savings and loans company’s stock valued at $328,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Dime Community Bancshares by 1.6% during 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 in the last quarter. Finally, Texas Permanent School Fund raised its holdings in shares of Dime Community Bancshares by 1.3% during the second quarter. Texas Permanent School Fund now owns 22,806 shares of the savings and loans company’s stock valued at $447,000 after acquiring an additional 297 shares in the last quarter. 68.00% of the stock is owned by hedge funds and other institutional investors.

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Shares of Dime Community Bancshares (DCOM) opened at 18.45 on Friday. Dime Community Bancshares has a 1-year low of $16.10 and a 1-year high of $22.48. The firm has a market capitalization of $690.88 million, a P/E ratio of 20.19 and a beta of 0.80. The stock has a 50 day moving average of $19.54 and a 200-day moving average of $20.03.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, August 7th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Thursday, August 3rd. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 60.22%.

About Dime Community Bancshares

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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