Dime Community Bancshares, Inc. (DCOM) Downgraded by Piper Jaffray Companies to Neutral
A number of other equities research analysts have also recently commented on DCOM. Barclays PLC reaffirmed an underweight rating and set a $20.00 price objective (up from $19.00) on shares of Dime Community Bancshares in a research note on Wednesday, July 12th. BidaskClub cut Dime Community Bancshares from a hold rating to a sell rating in a research note on Saturday, August 5th. ValuEngine raised Dime Community Bancshares from a hold rating to a buy rating in a research note on Monday, August 14th. Finally, Keefe, Bruyette & Woods reissued a hold rating and issued a $22.00 target price on shares of Dime Community Bancshares in a research note on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Dime Community Bancshares presently has a consensus rating of Hold and a consensus price target of $22.17.
Shares of Dime Community Bancshares (NASDAQ DCOM) traded down $1.10 during trading on Friday, hitting $20.75. The company had a trading volume of 247,935 shares, compared to its average volume of 127,710. The company has a current ratio of 1.40, a quick ratio of 1.35 and a debt-to-equity ratio of 2.27. Dime Community Bancshares has a twelve month low of $16.25 and a twelve month high of $22.65. The firm has a market capitalization of $776.53, a PE ratio of 16.21 and a beta of 0.83.
Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter. research analysts predict that Dime Community Bancshares will post 1.29 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Monday, November 6th will be paid a $0.14 dividend. The ex-dividend date is Friday, November 3rd. This represents a $0.56 dividend on an annualized basis and a yield of 2.70%. Dime Community Bancshares’s payout ratio is 56.00%.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Dime Community Bancshares by 1.7% in the first quarter. Vanguard Group Inc. now owns 2,989,172 shares of the savings and loans company’s stock valued at $60,680,000 after acquiring an additional 50,236 shares during the period. Dimensional Fund Advisors LP grew its stake in Dime Community Bancshares by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,799,743 shares of the savings and loans company’s stock valued at $54,875,000 after acquiring an additional 208,581 shares during the period. Northern Trust Corp grew its stake in Dime Community Bancshares by 5.0% in the second quarter. Northern Trust Corp now owns 1,354,196 shares of the savings and loans company’s stock valued at $26,542,000 after acquiring an additional 64,023 shares during the period. LSV Asset Management grew its stake in Dime Community Bancshares by 17.5% in the second quarter. LSV Asset Management now owns 1,067,443 shares of the savings and loans company’s stock valued at $20,921,000 after acquiring an additional 159,121 shares during the period. Finally, Polaris Capital Management LLC grew its stake in Dime Community Bancshares by 0.9% in the second quarter. Polaris Capital Management LLC now owns 896,889 shares of the savings and loans company’s stock valued at $17,579,000 after acquiring an additional 7,800 shares during the period. 67.18% of the stock is owned by hedge funds and other institutional investors.
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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