Dime Community Bancshares (DCOM) Upgraded at ValuEngine

ValuEngine upgraded shares of Dime Community Bancshares (NASDAQ:DCOM) from a sell rating to a hold rating in a research note released on Friday.

DCOM has been the topic of a number of other research reports. BidaskClub upgraded Dime Community Bancshares from a sell rating to a hold rating in a report on Thursday. Zacks Investment Research downgraded Dime Community Bancshares from a hold rating to a strong sell rating in a report on Wednesday, August 8th. Finally, Barclays reduced their price target on Dime Community Bancshares from $18.00 to $17.00 and set an underweight rating on the stock in a report on Monday, October 29th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Dime Community Bancshares has an average rating of Hold and an average price target of $19.83.

NASDAQ:DCOM traded up $0.21 during mid-day trading on Friday, reaching $17.22. 93,686 shares of the company’s stock traded hands, compared to its average volume of 211,565. Dime Community Bancshares has a 12-month low of $15.48 and a 12-month high of $22.65. The company has a market cap of $619.93 million, a PE ratio of 13.35 and a beta of 0.66. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.26 and a quick ratio of 1.26.

Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings results on Friday, October 26th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Dime Community Bancshares had a net margin of 22.65% and a return on equity of 8.34%. The business had revenue of $37.25 million for the quarter, compared to analysts’ expectations of $37.90 million. Analysts expect that Dime Community Bancshares will post 1.33 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 13th. Shareholders of record on Tuesday, November 6th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, November 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.25%. Dime Community Bancshares’s dividend payout ratio (DPR) is 43.41%.

Hedge funds have recently bought and sold shares of the business. Piedmont Investment Advisors LLC purchased a new position in shares of Dime Community Bancshares during the 2nd quarter worth approximately $141,000. Engineers Gate Manager LP purchased a new position in shares of Dime Community Bancshares during the 3rd quarter worth approximately $238,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Dime Community Bancshares by 63.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 14,434 shares of the savings and loans company’s stock worth $258,000 after acquiring an additional 5,600 shares during the period. SG Americas Securities LLC purchased a new position in shares of Dime Community Bancshares during the 2nd quarter worth approximately $322,000. Finally, HGK Asset Management Inc. grew its holdings in shares of Dime Community Bancshares by 19.3% during the 2nd quarter. HGK Asset Management Inc. now owns 18,619 shares of the savings and loans company’s stock worth $363,000 after acquiring an additional 3,013 shares during the period. Hedge funds and other institutional investors own 75.32% 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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