Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $21.50.
A number of brokerages have recently weighed in on DCOM. BidaskClub lowered Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a research report on Thursday. ValuEngine upgraded Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Zacks Investment Research lowered Dime Community Bancshares from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 8th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $20.50 price objective on shares of Dime Community Bancshares in a research report on Friday, July 13th.
Shares of DCOM stock opened at $17.90 on Friday. The company has a market capitalization of $674.27 million, a PE ratio of 13.88 and a beta of 0.54. Dime Community Bancshares has a fifty-two week low of $17.10 and a fifty-two week high of $22.65. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.27 and a current ratio of 1.27.
Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings data on Thursday, July 26th. The savings and loans company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.03). The business had revenue of $38.37 million during the quarter, compared to the consensus estimate of $39.50 million. Dime Community Bancshares had a return on equity of 8.54% and a net margin of 23.18%. research analysts forecast that Dime Community Bancshares will post 1.35 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 15th. Stockholders of record on Wednesday, August 8th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend was Tuesday, August 7th. Dime Community Bancshares’s payout ratio is presently 43.41%.
In other news, EVP Stuart H. Lubow bought 5,000 shares of the stock in a transaction dated Thursday, August 9th. The stock was bought at an average price of $17.80 per share, for a total transaction of $89,000.00. Following the purchase, the executive vice president now directly owns 15,743 shares in the company, valued at approximately $280,225.40. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders bought 5,883 shares of company stock valued at $105,072. 7.30% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Dime Community Bancshares by 6.9% in the 2nd quarter. BlackRock Inc. now owns 4,637,128 shares of the savings and loans company’s stock valued at $90,422,000 after purchasing an additional 298,809 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Dime Community Bancshares by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,143,917 shares of the savings and loans company’s stock valued at $57,848,000 after purchasing an additional 105,380 shares during the period. LSV Asset Management lifted its stake in shares of Dime Community Bancshares by 2.4% in the 2nd quarter. LSV Asset Management now owns 1,346,843 shares of the savings and loans company’s stock valued at $26,263,000 after purchasing an additional 31,700 shares during the period. Systematic Financial Management LP lifted its stake in shares of Dime Community Bancshares by 13.7% in the 2nd quarter. Systematic Financial Management LP now owns 736,241 shares of the savings and loans company’s stock valued at $14,357,000 after purchasing an additional 88,581 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Dime Community Bancshares by 2.4% in the 1st quarter. Russell Investments Group Ltd. now owns 590,367 shares of the savings and loans company’s stock valued at $10,862,000 after purchasing an additional 14,118 shares during the period. Institutional investors own 72.87% 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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