Keefe, Bruyette & Woods Increases Dime Community Bancshares (NASDAQ:DCOM) Price Target to $40.00

Dime Community Bancshares (NASDAQ:DCOMGet Free Report) had its target price raised by stock analysts at Keefe, Bruyette & Woods from $34.00 to $40.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the savings and loans company’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 21.88% from the stock’s previous close.

Several other equities analysts have also commented on the company. Stephens set a $33.00 price target on Dime Community Bancshares and gave the company an “equal weight” rating in a research note on Tuesday, December 16th. DA Davidson set a $36.00 price objective on shares of Dime Community Bancshares in a report on Friday, December 5th. Zacks Research raised shares of Dime Community Bancshares from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Dime Community Bancshares in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $38.33.

Check Out Our Latest Stock Report on Dime Community Bancshares

Dime Community Bancshares Stock Down 3.1%

Shares of NASDAQ DCOM opened at $32.82 on Thursday. The company has a 50 day simple moving average of $30.03 and a 200-day simple moving average of $29.33. The company has a market capitalization of $1.44 billion, a P/E ratio of 13.91 and a beta of 1.11. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 1.03. Dime Community Bancshares has a 1 year low of $23.25 and a 1 year high of $34.85.

Dime Community Bancshares (NASDAQ:DCOMGet Free Report) last released its quarterly earnings data on Wednesday, January 21st. The savings and loans company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.09. The firm had revenue of $123.85 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm posted $0.42 earnings per share. On average, equities research analysts predict that Dime Community Bancshares will post 3.06 earnings per share for the current year.

Insider Buying and Selling

In other Dime Community Bancshares news, Director Basswood Capital Management, L purchased 20,537 shares of the firm’s stock in a transaction on Tuesday, November 4th. The stock was bought at an average price of $26.26 per share, with a total value of $539,301.62. Following the transaction, the director directly owned 1,034,158 shares of the company’s stock, valued at approximately $27,156,989.08. This represents a 2.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Raymond A. Nielsen sold 2,200 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $893,465.65. This trade represents a 6.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 4,695 shares of company stock valued at $125,809 in the last 90 days. Company insiders own 7.10% of the company’s stock.

Institutional Trading of Dime Community Bancshares

Several hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC grew its stake in Dime Community Bancshares by 742.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company’s stock worth $30,000 after purchasing an additional 884 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Dime Community Bancshares in the 2nd quarter valued at about $97,000. GAMMA Investing LLC boosted its stake in shares of Dime Community Bancshares by 15.1% in the 3rd 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 during the period. Tower Research Capital LLC TRC grew its position in shares of Dime Community Bancshares by 326.4% during 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 buying an additional 4,446 shares in the last quarter. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Dime Community Bancshares during the third quarter worth approximately $169,000. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Key Dime Community Bancshares News

Here are the key news stories impacting Dime Community Bancshares this week:

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.

See Also

Analyst Recommendations for Dime Community Bancshares (NASDAQ:DCOM)

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