Dime Community Bancshares (NASDAQ:DCOM) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Saturday.

A number of other brokerages have also recently commented on DCOM. Barclays increased their price target on shares of Dime Community Bancshares from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Wednesday, October 11th. Piper Jaffray Companies cut shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a research report on Friday, November 3rd. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $23.00 price target on shares of Dime Community Bancshares in a research report on Tuesday, October 3rd. Finally, ValuEngine upgraded shares of Dime Community Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $22.17.

Dime Community Bancshares (NASDAQ DCOM) opened at $21.15 on Friday. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market cap of $791.49, a P/E ratio of 16.80 and a beta of 0.82. Dime Community Bancshares has a 52-week low of $18.35 and a 52-week high of $22.65.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The company had revenue of $42.74 million for the quarter. Dime Community Bancshares had a net margin of 16.99% and a return on equity of 8.28%.

In other Dime Community Bancshares news, insider Timothy B. King sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $22.50, for a total transaction of $112,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.30% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Dime Community Bancshares by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,921,759 shares of the savings and loans company’s stock worth $62,817,000 after purchasing an additional 122,016 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Dime Community Bancshares by 5.0% in the second quarter. Northern Trust Corp now owns 1,354,196 shares of the savings and loans company’s stock worth $26,542,000 after purchasing an additional 64,023 shares during the last quarter. LSV Asset Management grew its holdings in shares of Dime Community Bancshares by 17.5% in the second quarter. LSV Asset Management now owns 1,067,443 shares of the savings and loans company’s stock worth $20,921,000 after purchasing an additional 159,121 shares during the last quarter. Polaris Capital Management LLC grew its holdings in shares of 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 worth $17,579,000 after purchasing an additional 7,800 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Dime Community Bancshares by 9.6% in the first quarter. State Street Corp now owns 831,409 shares of the savings and loans company’s stock worth $16,877,000 after purchasing an additional 72,853 shares during the last quarter. Hedge funds and other institutional investors own 68.36% of the company’s stock.

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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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