Dime Community Bancshares, Inc. (NASDAQ:DCOM) Receives Average Recommendation of “Hold” from Analysts

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Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) have earned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $22.33.

A number of equities analysts have recently commented on the stock. Stephens assumed coverage on shares of Dime Community Bancshares in a report on Monday, October 28th. They set an “equal weight” rating and a $23.00 price objective for the company. BidaskClub downgraded shares of Dime Community Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. ValuEngine raised shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a report on Saturday, December 21st. Zacks Investment Research lowered shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Monday. Finally, TheStreet cut shares of Dime Community Bancshares from a “b” rating to a “c+” rating in a research note on Thursday, October 31st.

Shares of NASDAQ:DCOM traded up $0.37 during midday trading on Friday, reaching $20.36. 1,839 shares of the company’s stock were exchanged, compared to its average volume of 139,162. The company’s 50 day simple moving average is $20.38 and its two-hundred day simple moving average is $20.25. The firm has a market capitalization of $714.27 million, a PE ratio of 15.08 and a beta of 0.88. Dime Community Bancshares has a 12 month low of $17.20 and a 12 month high of $22.50. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.27 and a current ratio of 1.27.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.22). The business had revenue of $39.56 million for the quarter. Dime Community Bancshares had a return on equity of 6.84% and a net margin of 16.92%. On average, research analysts anticipate that Dime Community Bancshares will post 1.15 earnings per share for the current year.

In other Dime Community Bancshares news, EVP Stuart H. Lubow acquired 6,500 shares of Dime Community Bancshares stock in a transaction on Tuesday, October 29th. The shares were bought at an average price of $19.22 per share, with a total value of $124,930.00. Following the completion of the purchase, the executive vice president now owns 18,980 shares in the company, valued at $364,795.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders acquired 8,000 shares of company stock worth $153,295. Insiders own 7.80% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in Dime Community Bancshares by 1.8% in the 2nd quarter. BlackRock Inc. now owns 4,885,362 shares of the savings and loans company’s stock valued at $92,773,000 after buying an additional 85,990 shares during the last quarter. California State Teachers Retirement System boosted its holdings in Dime Community Bancshares by 1.8% in the third quarter. California State Teachers Retirement System now owns 49,414 shares of the savings and loans company’s stock valued at $1,058,000 after acquiring an additional 868 shares during the last quarter. Rhumbline Advisers boosted its holdings in Dime Community Bancshares by 6.4% in the third quarter. Rhumbline Advisers now owns 100,917 shares of the savings and loans company’s stock valued at $2,161,000 after acquiring an additional 6,058 shares during the last quarter. Resources Management Corp CT ADV acquired a new stake in Dime Community Bancshares in the third quarter worth about $528,000. Finally, Invesco Ltd. increased its position in Dime Community Bancshares by 1.0% in the second quarter. Invesco Ltd. now owns 927,703 shares of the savings and loans company’s stock worth $17,616,000 after purchasing an additional 9,018 shares during the period. 72.68% of the stock is owned by institutional investors.

About Dime Community Bancshares

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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