Dime Community Bancshares (NASDAQ:DCOM) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Thursday.

Other analysts have also issued reports about the company. ValuEngine raised Dime Community Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $23.00 target price on shares of Dime Community Bancshares in a research report on Tuesday, October 3rd. Piper Jaffray Companies lowered Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a research report on Friday, November 3rd. Finally, Barclays lifted their target price on Dime Community Bancshares from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Dime Community Bancshares has a consensus rating of “Hold” and an average target price of $22.50.

Shares of Dime Community Bancshares (NASDAQ:DCOM) traded down $0.05 during midday trading on Thursday, hitting $21.90. The stock had a trading volume of 76,260 shares, compared to its average volume of 134,995. Dime Community Bancshares has a twelve month low of $18.35 and a twelve month high of $22.65. The stock has a market capitalization of $819.56, a price-to-earnings ratio of 21.90 and a beta of 0.82. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.40 and a current ratio of 1.40.

Dime Community Bancshares (NASDAQ:DCOM) last announced its earnings results on Thursday, October 26th. The savings and loans company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. Dime Community Bancshares had a return on equity of 8.28% and a net margin of 16.99%. The business had revenue of $42.74 million for the quarter. research analysts expect that Dime Community Bancshares will post 1.46 EPS for the current fiscal year.

In related news, insider Timothy B. King sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $22.50, for a total value of $112,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 7.30% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. Sei Investments Co. increased its holdings in Dime Community Bancshares by 98,220.0% in the second quarter. Sei Investments Co. now owns 4,916 shares of the savings and loans company’s stock valued at $109,000 after buying an additional 4,911 shares during the last quarter. SG Americas Securities LLC increased its holdings in Dime Community Bancshares by 8.4% in the second quarter. SG Americas Securities LLC now owns 6,243 shares of the savings and loans company’s stock valued at $122,000 after buying an additional 486 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Dime Community Bancshares by 17.6% in the second quarter. Victory Capital Management Inc. now owns 9,442 shares of the savings and loans company’s stock valued at $185,000 after buying an additional 1,416 shares during the last quarter. Federated Investors Inc. PA increased its holdings in Dime Community Bancshares by 0.5% in 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 buying an additional 47 shares during the last quarter. Finally, Neuberger Berman Group LLC bought a new stake in Dime Community Bancshares in the third quarter valued at about $213,000. 68.33% of the stock is owned by hedge funds and other institutional investors.

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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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