Dime Community Bancshares (DCOM) Stock Price, News & Analysis

Company Overview

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. In addition, the company invests in Federal Home Loan Bank, Federal National Mortgage Association, Government National Mortgage Association, and Federal Home Loan Mortgage Corporation mortgage-backed securities, collateralized mortgage obligations, and other asset backed securities; U.S. Treasury securities; New York state and local municipal obligations; U.S. government-sponsored enterprise securities; and corporate bonds. Further, it offers certificate of deposit account registry services and insured cash sweep programs; federal deposit insurance corporation insurance; merchant credit and debit card processing, automated teller machines, cash management services, lockbox processing, online banking services, remote deposit capture, safe deposit boxes, and individual retirement accounts; investment products and services through a third-party broker dealer; and title insurance broker services for small and medium sized businesses, and municipal and consumer relationships. The company was founded in 1910 and is headquartered in Hauppauge, New York.

Key Stats

• Today's Range: $30.61 to $32.45
• 50-Day Range: $29.17 to $36.59
• 52-Week Range: $17.29 to $37.60
• Volume: 1.94 million shs
• Average Volume: 245,193 shs
• Market Capitalization: $1.23 billion
• P/E Ratio: 20.89
• Dividend Yield: 3.19%
• Price Target: $34.20
• Consensus Rating: Buy

Dime Community Bancshares Stock Analysis - MarketRank™

Dime Community Bancshares scored higher than 64% of companies evaluated by MarketBeat, and ranked 541st out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.5 / 5
• Analyst Rating: Buy

Consensus Rating

Dime Community Bancshares has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Dime Community Bancshares has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 86.58%

Earnings Growth

Earnings for Dime Community Bancshares are expected to grow by 86.58% in the coming year, from $1.49 to $2.78 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Dime Community Bancshares is 20.89, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.80.

Price to Earnings Ratio vs. Sector

The P/E ratio of Dime Community Bancshares is 20.89, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 34.17.

Price to Book Value per Share Ratio

Dime Community Bancshares has a P/B Ratio of 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

5.52% of the outstanding shares of Dime Community Bancshares have been sold short.

Short Interest Ratio / Days to Cover

Dime Community Bancshares has a short interest ratio ("days to cover") of 8.2.

Change versus previous month

Short interest in Dime Community Bancshares has recently increased by 5.88%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Dime Community Bancshares pays a meaningful dividend of 3.12%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Dime Community Bancshares does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Dime Community Bancshares is 66.67%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Dime Community Bancshares will have a dividend payout ratio of 35.97% next year. This indicates that Dime Community Bancshares will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

5.52% of the outstanding shares of Dime Community Bancshares have been sold short.

Short Interest Ratio / Days to Cover

Dime Community Bancshares has a short interest ratio ("days to cover") of 8.2.

Change versus previous month

Short interest in Dime Community Bancshares has recently increased by 5.88%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: 0.93

News Sentiment

Dime Community Bancshares has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.79 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Dime Community Bancshares this week, compared to 3 articles on an average week.

Search Interest

2 people have searched for DCOM on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Dime Community Bancshares insiders have bought 1,197.54% more of their company's stock than they have sold. Specifically, they have bought $928,000.00 in company stock and sold $71,520.00 in company stock.

Percentage Held by Insiders

Only 9.10% of the stock of Dime Community Bancshares is held by insiders.

Percentage Held by Institutions

75.27% of the stock of Dime Community Bancshares is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

DCOM Stock Analysis - Frequently Asked Questions

How have DCOM shares performed this year?

Dime Community Bancshares' stock was trading at $26.93 at the beginning of 2024. Since then, DCOM stock has increased by 16.3% and is now trading at $31.33.
View the best growth stocks for 2024 here.

How were Dime Community Bancshares' earnings last quarter?

Dime Community Bancshares, Inc. (NASDAQ:DCOM) announced its quarterly earnings results on Tuesday, October, 22nd. The savings and loans company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by $0.12. The savings and loans company had revenue of $171.87 million for the quarter, compared to analyst estimates of $86.65 million. Dime Community Bancshares had a trailing twelve-month return on equity of 5.58% and a net margin of 9.65%.

Who are Dime Community Bancshares' major shareholders?

Dime Community Bancshares' top institutional investors include Basswood Capital Management L.L.C. (5.20%), State Street Corp (4.05%), Systematic Financial Management LP (2.79%) and Geode Capital Management LLC (2.20%). Insiders that own company stock include Basswood Capital Management, L, Kenneth J Mahon, Raymond A Nielsen, Michael Fegan, Christopher J Porzelt and Paul M Aguggia.
View institutional ownership trends.

How do I buy shares of Dime Community Bancshares?

Shares of DCOM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Dime Community Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Dime Community Bancshares investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Adobe (ADBE), ServiceNow (NOW) and General Electric (GE).

Company Calendar

• Ex-Dividend for 10/24 Dividend: 10/17/2024
• Last Earnings: 10/22/2024
• Dividend Payable: 10/24/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024
• Ex-Dividend for 1/24 Dividend: 1/17/2025
• Dividend Payable: 1/24/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Thrifts & Mortgage Finance
• Current Symbol: NASDAQ:DCOM
• CUSIP: 25392210
• CIK: 1005409
• Web: www.dime.com
• Phone: (718) 782-6200
• Fax: 631-537-1835
• Employees: 820
• Year Founded: 1864

Price Target and Rating

• Average Stock Price Target: $34.20
• High Stock Price Target: $42.00
• Low Stock Price Target: $26.00
• Potential Upside/Downside: +9.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $1.50
• Trailing P/E Ratio: 20.89
• Forward P/E Ratio: 21.03
• P/E Growth: N/A
• Net Income: $96.09 million
• Net Margins: 9.65%
• Pretax Margin: 13.76%
• Return on Equity: 5.58%
• Return on Assets: 0.46%

Debt

• Debt-to-Equity Ratio: 0.68
• Current Ratio: 1.01
• Quick Ratio: 1.01

Sales & Book Value

• Annual Sales: $339.86 million
• Price / Sales: 3.61
• Cash Flow: $2.66 per share
• Price / Cash Flow: 11.79
• Book Value: $28.58 per share
• Price / Book: 1.10

Miscellaneous

• Outstanding Shares: 39,150,000
• Free Float: 35,587,000
• Market Cap: $1.23 billion
• Optionable: Optionable
• Beta: 1.03