Barclays Raises Dime Community Bancshares (DCOM) Price Target to $22.00
Dime Community Bancshares (NASDAQ:DCOM) had its target price boosted by Barclays from $21.00 to $22.00 in a report issued on Tuesday morning, Marketbeat.com reports. They currently have an underweight rating on the savings and loans company’s stock.
DCOM has been the topic of a number of other research reports. BidaskClub downgraded shares of Dime Community Bancshares from a buy rating to a hold rating in a research report on Saturday, December 9th. ValuEngine upgraded shares of Dime Community Bancshares from a hold rating to a buy rating in a research report on Friday, September 22nd. Piper Jaffray Companies downgraded shares of Dime Community Bancshares from an overweight rating to a neutral rating in a research report on Friday, November 3rd. Finally, Keefe, Bruyette & Woods restated a hold rating and set a $23.00 price objective on shares of Dime Community Bancshares in a research report on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $22.50.
Dime Community Bancshares (NASDAQ DCOM) remained flat at $$21.00 during midday trading on Tuesday. The company’s stock had a trading volume of 164,600 shares, compared to its average volume of 177,900. Dime Community Bancshares has a one year low of $18.35 and a one year high of $22.65. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.27. The company has a market capitalization of $785.88, a P/E ratio of 21.00 and a beta of 0.82.
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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $42.74 million during the quarter. Dime Community Bancshares had a net margin of 16.99% and a return on equity of 8.28%. equities research analysts forecast that Dime Community Bancshares will post 1.46 EPS for the current year.
In related 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 filing with the SEC, which is available at the SEC website. 7.30% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. grew its stake in Dime Community Bancshares by 98,220.0% during the second quarter. Sei Investments Co. now owns 4,916 shares of the savings and loans company’s stock valued at $109,000 after acquiring an additional 4,911 shares in the last quarter. SG Americas Securities LLC grew its stake in Dime Community Bancshares by 8.4% during 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 acquiring an additional 486 shares in the last quarter. Victory Capital Management Inc. grew its stake in Dime Community Bancshares by 17.6% during 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 acquiring an additional 1,416 shares in the last quarter. Federated Investors Inc. PA grew its stake in Dime Community Bancshares by 0.5% during 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 acquiring an additional 47 shares in the last quarter. Finally, Neuberger Berman Group LLC purchased a new position in Dime Community Bancshares during the third quarter valued at $213,000. Institutional investors and hedge funds own 68.33% 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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