Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) have been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Four 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. The average 12-month price objective among brokerages that have covered the stock in the last year is $21.50.

Several analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Monday, July 9th. BidaskClub upgraded shares of Dime Community Bancshares from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. ValuEngine lowered shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, July 14th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $20.50 price target on shares of Dime Community Bancshares in a research report on Friday, July 13th.

NASDAQ DCOM traded up $0.15 during trading on Friday, hitting $17.75. 168,577 shares of the company’s stock traded hands, compared to its average volume of 183,126. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.88. Dime Community Bancshares has a 12-month low of $17.10 and a 12-month high of $22.65. The firm has a market cap of $664.91 million, a price-to-earnings ratio of 13.78 and a beta of 0.54.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings results on Thursday, July 26th. The savings and loans company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). Dime Community Bancshares had a net margin of 23.18% and a return on equity of 8.54%. The business had revenue of $38.37 million for the quarter, compared to analysts’ expectations of $39.50 million. equities analysts expect that Dime Community Bancshares will post 1.35 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 8th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, August 7th. This represents a $0.56 annualized dividend and a yield of 3.15%. Dime Community Bancshares’s payout ratio is 43.41%.

In other Dime Community Bancshares news, EVP Stuart H. Lubow purchased 5,000 shares of the business’s stock in a transaction on Thursday, August 9th. The stock was acquired at an average cost of $17.80 per share, for a total transaction of $89,000.00. Following the completion of the transaction, the executive vice president now directly owns 15,743 shares in the company, valued at approximately $280,225.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have acquired 5,883 shares of company stock valued at $105,072. Company insiders own 7.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of DCOM. BlackRock Inc. boosted its holdings in shares of Dime Community Bancshares by 6.9% during the second quarter. BlackRock Inc. now owns 4,637,128 shares of the savings and loans company’s stock worth $90,422,000 after purchasing an additional 298,809 shares during the period. Mackay Shields LLC purchased a new stake in shares of Dime Community Bancshares during the first quarter worth about $2,829,000. Dimensional Fund Advisors LP boosted its holdings in shares of Dime Community Bancshares by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 3,143,917 shares of the savings and loans company’s stock worth $57,848,000 after purchasing an additional 105,380 shares during the period. Systematic Financial Management LP boosted its holdings in shares of Dime Community Bancshares by 13.7% during the second quarter. Systematic Financial Management LP now owns 736,241 shares of the savings and loans company’s stock worth $14,357,000 after purchasing an additional 88,581 shares during the period. Finally, WBI Investments Inc. purchased a new stake in shares of Dime Community Bancshares during the second quarter worth about $1,614,000. Institutional investors own 72.87% 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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