Dime Community Bancshares, Inc. (NASDAQ:DCOM) had its price target raised by investment analysts at Barclays PLC from $20.00 to $21.00 in a note issued to investors on Wednesday. The brokerage currently has an “underweight” rating on the savings and loans company’s stock. Barclays PLC’s target price suggests a potential downside of 4.98% from the stock’s current price.

Several other research analysts have also recently issued reports on DCOM. BidaskClub cut Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. ValuEngine upgraded Dime Community Bancshares from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $22.00 price objective on shares of Dime Community Bancshares in a research report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Dime Community Bancshares has a consensus rating of “Hold” and an average target price of $22.17.

Dime Community Bancshares (DCOM) traded up 0.68% during trading on Wednesday, reaching $22.25. 43,023 shares of the company’s stock were exchanged. Dime Community Bancshares has a 52 week low of $16.10 and a 52 week high of $22.48. The stock has a 50-day moving average of $19.90 and a 200-day moving average of $19.93. The stock has a market capitalization of $833.20 million, a PE ratio of 24.45 and a beta of 0.82.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly 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 return on equity of 8.04% and a net margin of 16.23%. The business had revenue of $39.80 million during the quarter. On average, equities research analysts anticipate that Dime Community Bancshares will post $1.27 EPS for the current year.

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A number of institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd grew its holdings in Dime Community Bancshares by 24.1% in the second quarter. Dynamic Technology Lab Private Ltd now owns 15,822 shares of the savings and loans company’s stock valued at $310,000 after purchasing an additional 3,069 shares during the last quarter. Polaris Capital Management LLC grew its holdings in Dime Community Bancshares by 0.9% in the second quarter. Polaris Capital Management LLC now owns 896,889 shares of the savings and loans company’s stock valued at $17,579,000 after purchasing an additional 7,800 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its holdings in Dime Community Bancshares by 10.0% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 198,235 shares of the savings and loans company’s stock valued at $3,885,000 after purchasing an additional 18,100 shares during the last quarter. Ulysses Management LLC grew its holdings in Dime Community Bancshares by 241.1% in the second quarter. Ulysses Management LLC now owns 100,000 shares of the savings and loans company’s stock valued at $1,960,000 after purchasing an additional 70,679 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in Dime Community Bancshares by 8.0% in the second quarter. Voya Investment Management LLC now owns 21,285 shares of the savings and loans company’s stock valued at $417,000 after purchasing an additional 1,575 shares during the last quarter. 68.00% of the stock is currently owned by institutional investors.

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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