Dime Community Bancshares (NASDAQ:DCOM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Dime Community Bancshares (NASDAQ:DCOMFree Report) from a hold rating to a buy rating in a research note published on Friday.

Other analysts have also recently issued research reports about the company. Zacks Research raised Dime Community Bancshares from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Keefe, Bruyette & Woods raised their price target on Dime Community Bancshares from $34.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday. DA Davidson upped their price objective on shares of Dime Community Bancshares from $37.00 to $39.00 and gave the company a “buy” rating in a report on Thursday. Stephens increased their price objective on shares of Dime Community Bancshares from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dime Community Bancshares in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $38.33.

Read Our Latest Report on Dime Community Bancshares

Dime Community Bancshares Trading Down 3.1%

Shares of NASDAQ DCOM opened at $32.82 on Friday. Dime Community Bancshares has a twelve month low of $23.25 and a twelve month high of $34.85. The firm has a market cap of $1.44 billion, a PE ratio of 13.91 and a beta of 1.11. The business has a fifty day simple moving average of $30.03 and a two-hundred day simple moving average of $29.34. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.57.

Dime Community Bancshares (NASDAQ:DCOMGet Free Report) last announced its quarterly earnings results on Wednesday, January 21st. The savings and loans company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.70 by $0.09. The firm had revenue of $123.85 million for the quarter, compared to analyst estimates of $118.14 million. Dime Community Bancshares had a return on equity of 9.12% and a net margin of 15.15%.During the same quarter last year, the firm posted $0.42 earnings per share. Analysts expect that Dime Community Bancshares will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 23rd. Stockholders of record on Friday, January 16th were paid a $0.25 dividend. The ex-dividend date was Friday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.0%. Dime Community Bancshares’s dividend payout ratio is presently 42.37%.

Insiders Place Their Bets

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 2,200 shares of Dime Community Bancshares stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $26.29, for a total transaction of $57,838.00. Following the completion of the transaction, the director owned 33,985 shares in the company, valued at approximately $893,465.65. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Basswood Capital Management, L acquired 20,537 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was bought at an average cost of $26.26 per share, with a total value of $539,301.62. Following the acquisition, the director owned 1,034,158 shares in the company, valued at approximately $27,156,989.08. This trade represents a 2.03% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 4,695 shares of company stock valued at $125,809 over the last 90 days. 7.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Larson Financial Group LLC lifted its holdings in Dime Community Bancshares by 742.9% in the third quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company’s stock valued at $30,000 after acquiring an additional 884 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new stake in Dime Community Bancshares during the second quarter valued at $97,000. GAMMA Investing LLC increased its holdings in Dime Community Bancshares by 15.1% in the third quarter. GAMMA Investing LLC now owns 4,448 shares of the savings and loans company’s stock valued at $133,000 after buying an additional 584 shares in the last quarter. iSAM Funds UK Ltd acquired a new position in shares of Dime Community Bancshares in the third quarter worth about $169,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Dime Community Bancshares by 326.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company’s stock worth $156,000 after acquiring an additional 4,446 shares during the period. 75.27% of the stock is currently owned by hedge funds and other institutional investors.

More Dime Community Bancshares News

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Dime Community Bancshares Company Profile

(Get Free Report)

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.

Further Reading

Analyst Recommendations for Dime Community Bancshares (NASDAQ:DCOM)

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