Somewhat Favorable News Coverage Somewhat Unlikely to Impact Dime Community Bancshares (DCOM) Share Price
Media coverage about Dime Community Bancshares (NASDAQ:DCOM) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Dime Community Bancshares earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the savings and loans company an impact score of 44.7037173006501 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several equities analysts have recently weighed in on DCOM shares. ValuEngine upgraded shares of Dime Community Bancshares from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $22.00 target price on shares of Dime Community Bancshares in a research note on Thursday, August 31st. BidaskClub downgraded shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Barclays PLC reiterated an “underweight” rating and issued a $20.00 target price (up previously from $19.00) on shares of Dime Community Bancshares in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $21.50.
Dime Community Bancshares (NASDAQ:DCOM) opened at 18.85 on Tuesday. The company has a market capitalization of $705.86 million, a price-to-earnings ratio of 20.62 and a beta of 0.80. The stock has a 50 day moving average of $19.45 and a 200-day moving average of $19.98. 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 earnings results on Thursday, July 27th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $39.80 million during the quarter. Dime Community Bancshares had a net margin of 16.23% and a return on equity of 8.04%. On average, equities research analysts anticipate that Dime Community Bancshares will post $1.27 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, August 7th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Thursday, August 3rd. Dime Community Bancshares’s dividend payout ratio (DPR) is currently 60.22%.
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About Dime Community Bancshares
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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