Dime Community Bancshares, Inc. (NASDAQ:DCOM - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $31.80 and last traded at $31.80, with a volume of 21139 shares. The stock had previously closed at $30.84.
Analyst Ratings Changes
A number of equities analysts recently commented on DCOM shares. StockNews.com cut Dime Community Bancshares from a "hold" rating to a "sell" rating in a report on Saturday, September 21st. Piper Sandler cut shares of Dime Community Bancshares from an "overweight" rating to a "neutral" rating and lifted their price objective for the company from $23.00 to $26.00 in a report on Tuesday, July 23rd. Keefe, Bruyette & Woods upped their target price on shares of Dime Community Bancshares from $25.50 to $28.00 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. Finally, Raymond James raised their price target on shares of Dime Community Bancshares from $35.00 to $36.00 and gave the company a "strong-buy" rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Dime Community Bancshares presently has a consensus rating of "Moderate Buy" and an average target price of $29.50.
Check Out Our Latest Report on DCOM
Dime Community Bancshares Stock Performance
The stock has a 50-day moving average price of $27.73 and a 200 day moving average price of $22.99. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 17.33 and a beta of 1.00. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.79.
Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The savings and loans company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.12). Dime Community Bancshares had a return on equity of 6.58% and a net margin of 9.98%. The firm had revenue of $171.87 million for the quarter, compared to analyst estimates of $86.65 million. During the same quarter last year, the firm earned $0.56 EPS. On average, analysts forecast that Dime Community Bancshares, Inc. will post 1.61 EPS for the current year.
Dime Community Bancshares Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Thursday, October 17th. Dime Community Bancshares's dividend payout ratio is presently 56.18%.
Institutional Investors Weigh In On Dime Community Bancshares
Several institutional investors have recently added to or reduced their stakes in DCOM. Nisa Investment Advisors LLC raised its stake 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 in the last quarter. Vontobel Holding Ltd. purchased a new position in shares of Dime Community Bancshares during the third quarter worth about $235,000. Creative Planning acquired a new stake in shares of Dime Community Bancshares during the third quarter worth about $243,000. GAMMA Investing LLC lifted its holdings in shares of Dime Community Bancshares by 30.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company's stock valued at $85,000 after purchasing an additional 685 shares during the last quarter. Finally, Kimelman & Baird LLC acquired a new stake in shares of Dime Community Bancshares in the 2nd quarter valued at about $56,000. Hedge funds and other institutional investors own 75.27% of the company's stock.
Dime Community Bancshares Company Profile
(
Get Free Report)
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.
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