Dime Community Bancshares (DCOM) Receives News Impact Rating of 0.22
News stories about Dime Community Bancshares (NASDAQ:DCOM) have trended somewhat positive on Sunday, according to Accern Sentiment. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Dime Community Bancshares earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the savings and loans company an impact score of 46.4971475768254 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Dime Community Bancshares (DCOM) traded down 2.57% on Friday, reaching $18.95. 196,895 shares of the company’s stock traded hands. The stock has a market capitalization of $709.60 million, a price-to-earnings ratio of 20.73 and a beta of 0.77. The stock’s 50-day moving average price is $20.05 and its 200-day moving average price is $20.33. 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 results on Thursday, July 27th. The savings and loans company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. The firm had revenue of $39.80 million during the quarter. Dime Community Bancshares had a return on equity of 8.04% and a net margin of 16.23%. Equities analysts predict that Dime Community Bancshares will post $1.27 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, August 7th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, August 3rd. Dime Community Bancshares’s dividend payout ratio is presently 60.22%.
A number of equities research analysts recently issued reports on the stock. Piper Jaffray Companies raised shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $20.50 to $22.50 in a report on Tuesday, May 9th. BidaskClub lowered shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Barclays PLC reissued an “underweight” rating and issued a $20.00 price objective (up previously from $19.00) on shares of Dime Community Bancshares in a report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $21.50.
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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.
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