Dime Community Bancshares, Inc. (DCOM) Given “Hold” Rating at Keefe, Bruyette & Woods
Dime Community Bancshares, Inc. (NASDAQ:DCOM)‘s stock had its “hold” rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Tuesday. They presently have a $23.00 target price on the savings and loans company’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 4.55% from the company’s current price.
Several other equities analysts have also recently weighed in on DCOM. Barclays PLC reiterated an “underweight” rating and issued a $20.00 price objective (up previously from $19.00) on shares of Dime Community Bancshares in a research note on Wednesday, July 12th. BidaskClub lowered shares of Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, ValuEngine lowered shares of Dime Community Bancshares from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $21.83.
Dime Community Bancshares (NASDAQ:DCOM) traded up 0.69% on Tuesday, reaching $22.00. 230,477 shares of the company were exchanged. The firm has a 50-day moving average of $19.46 and a 200 day moving average of $19.85. Dime Community Bancshares has a 12-month low of $16.10 and a 12-month high of $22.48. The firm has a market capitalization of $823.81 million, a P/E ratio of 24.07 and a beta of 0.82.
Dime Community Bancshares (NASDAQ:DCOM) last announced its earnings results on Thursday, July 27th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $39.80 million for the quarter. Dime Community Bancshares had a return on equity of 8.04% and a net margin of 16.23%. On average, equities analysts predict that Dime Community Bancshares will post $1.27 earnings per share for the current year.
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Large investors have recently added to or reduced their stakes in the business. Sei Investments Co. grew its holdings 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 purchasing an additional 4,911 shares during the period. SG Americas Securities LLC bought a new position in shares of Dime Community Bancshares in the first quarter worth about $117,000. State of Alaska Department of Revenue raised its stake in shares of Dime Community Bancshares by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 6,167 shares of the savings and loans company’s stock worth $120,000 after buying an additional 2,717 shares during the period. Mason Street Advisors LLC raised its stake in shares of Dime Community Bancshares by 6.8% in the first quarter. Mason Street Advisors LLC now owns 7,270 shares of the savings and loans company’s stock worth $148,000 after buying an additional 461 shares during the period. Finally, Victory Capital Management Inc. bought a new position in shares of Dime Community Bancshares in the first quarter worth about $163,000. 68.00% of the stock is owned by institutional investors and hedge funds.
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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