Dime Community Bancshares, Inc. (NASDAQ:DCOM) Receives $34.20 Consensus PT from Analysts

Dime Community Bancshares, Inc. (NASDAQ:DCOM) has been assigned a consensus rating of “Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $34.20.

A number of equities analysts have recently issued reports on DCOM shares. Keefe, Bruyette & Woods raised their price objective on Dime Community Bancshares from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Stephens upgraded shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $30.00 to $39.00 in a report on Monday, November 18th. Raymond James upped their price objective on shares of Dime Community Bancshares from $35.00 to $36.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, StockNews.com cut shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st.

Dime Community Bancshares Stock Up 2.6 %

Shares of NASDAQ DCOM opened at $31.31 on Tuesday. The company has a 50 day simple moving average of $33.35 and a 200 day simple moving average of $28.08. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01. Dime Community Bancshares has a 1 year low of $17.29 and a 1 year high of $37.60. The firm has a market cap of $1.23 billion, a PE ratio of 20.87 and a beta of 1.05.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Tuesday, October 22nd. The savings and loans company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). The company had revenue of $171.87 million during the quarter, compared to analyst estimates of $86.65 million. Dime Community Bancshares had a net margin of 9.65% and a return on equity of 5.58%. During the same quarter in the previous year, the company earned $0.56 earnings per share. On average, research analysts forecast that Dime Community Bancshares will post 1.49 EPS for the current year.

Dime Community Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 17th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.19%. Dime Community Bancshares’s dividend payout ratio is currently 66.67%.

Insider Activity at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L acquired 29,000 shares of Dime Community Bancshares stock in a transaction dated Tuesday, November 12th. The stock was purchased at an average cost of $32.00 per share, for a total transaction of $928,000.00. Following the completion of the acquisition, the director now directly owns 1,044,221 shares of the company’s stock, valued at $33,415,072. This represents a 2.86 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Michael Fegan sold 2,000 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $35.76, for a total transaction of $71,520.00. Following the completion of the sale, the chief technology officer now owns 20,155 shares in the company, valued at $720,742.80. This represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. 9.10% of the stock is owned by corporate insiders.

Institutional Trading of Dime Community Bancshares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its position in shares of Dime Community Bancshares by 0.4% during the second quarter. Rhumbline Advisers now owns 109,328 shares of the savings and loans company’s stock valued at $2,230,000 after buying an additional 428 shares during the last quarter. Quest Partners LLC lifted its stake in Dime Community Bancshares by 9.4% during the 3rd quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company’s stock valued at $155,000 after acquiring an additional 465 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Dime Community Bancshares by 17.4% during the 4th quarter. GAMMA Investing LLC now owns 3,448 shares of the savings and loans company’s stock worth $106,000 after acquiring an additional 512 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Dime Community Bancshares by 31.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,305 shares of the savings and loans company’s stock worth $182,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Dime Community Bancshares by 4.5% in the 2nd quarter. Victory Capital Management Inc. now owns 46,000 shares of the savings and loans company’s stock worth $938,000 after acquiring an additional 2,000 shares in the last quarter. 75.27% 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 engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans.