BidaskClub lowered shares of Dime Community Bancshares (NASDAQ:DCOM) from a hold rating to a sell rating in a research report report published on Thursday morning, BidAskClub reports.

Separately, Zacks Investment Research upgraded shares of Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 target price for the company in a report on Monday, July 8th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $20.00.

Shares of Dime Community Bancshares stock opened at $18.84 on Thursday. The firm has a fifty day moving average of $18.60. Dime Community Bancshares has a 12-month low of $15.48 and a 12-month high of $20.55. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $676.02 million, a PE ratio of 13.96 and a beta of 0.90.

Dime Community Bancshares (NASDAQ:DCOM) last issued its earnings results on Thursday, April 25th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. Dime Community Bancshares had a net margin of 20.62% and a return on equity of 7.87%. The business had revenue of $37.68 million during the quarter, compared to analysts’ expectations of $38.70 million. Analysts expect that Dime Community Bancshares will post 1.32 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in Dime Community Bancshares during the 4th quarter worth $12,399,000. Bank of New York Mellon Corp boosted its stake in Dime Community Bancshares by 3.6% during the 4th quarter. Bank of New York Mellon Corp now owns 481,073 shares of the savings and loans company’s stock worth $8,168,000 after purchasing an additional 16,679 shares during the period. Geode Capital Management LLC boosted its stake in Dime Community Bancshares by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 367,339 shares of the savings and loans company’s stock worth $6,237,000 after purchasing an additional 17,470 shares during the period. Brandywine Global Investment Management LLC boosted its stake in Dime Community Bancshares by 199.2% during the 4th quarter. Brandywine Global Investment Management LLC now owns 239,694 shares of the savings and loans company’s stock worth $4,071,000 after purchasing an additional 159,575 shares during the period. Finally, Barclays PLC boosted its stake in Dime Community Bancshares by 170.4% during the 4th quarter. Barclays PLC now owns 92,608 shares of the savings and loans company’s stock worth $1,573,000 after purchasing an additional 58,358 shares during the period. Hedge funds and other institutional investors own 73.53% of the company’s stock.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. It offers deposit products, such as savings, money market, and interest bearing and non-interest bearing checking accounts, as well as certificates of deposit.

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