ValuEngine upgraded shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) from a hold rating to a buy rating in a research note published on Friday, September 22nd.
Several other equities research analysts have also issued reports on the stock. Keefe, Bruyette & Woods reiterated a hold rating and set a $22.00 target price on shares of Dime Community Bancshares in a research report on Thursday, August 31st. 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, Barclays PLC reiterated an underweight rating and set a $20.00 target price (up from $19.00) on shares of Dime Community Bancshares in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $21.50.
Dime Community Bancshares (NASDAQ:DCOM) opened at 21.50 on Friday. The company’s 50-day moving average is $19.19 and its 200-day moving average is $19.86. The firm has a market capitalization of $805.09 million, a PE ratio of 23.52 and a beta of 0.80. Dime Community Bancshares has a 52-week low of $16.10 and a 52-week high of $22.48.
Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Thursday, July 27th. The savings and loans company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Dime Community Bancshares had a net margin of 16.23% and a return on equity of 8.04%. The company had revenue of $39.80 million during the quarter. Analysts forecast that Dime Community Bancshares will post $1.27 EPS for the current fiscal year.
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Hedge funds have recently bought and sold shares of the business. Sei Investments Co. raised its stake in shares of 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 worth $109,000 after acquiring an additional 4,911 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Dime Community Bancshares during the first quarter worth approximately $117,000. State of Alaska Department of Revenue raised its stake in shares of Dime Community Bancshares by 78.8% during 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 acquiring an additional 2,717 shares in the last quarter. Mason Street Advisors LLC raised its stake in shares of Dime Community Bancshares by 6.8% during the first quarter. Mason Street Advisors LLC now owns 7,270 shares of the savings and loans company’s stock worth $148,000 after acquiring an additional 461 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of Dime Community Bancshares during the first quarter worth approximately $163,000. 68.00% of the stock is currently owned by hedge funds and other institutional investors.
Dime Community Bancshares Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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