Dime Community Bancshares (NASDAQ:DCOM) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday.

A number of other brokerages have also recently issued reports on DCOM. Zacks Investment Research raised shares of Dime Community Bancshares from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 9th. ValuEngine raised shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Finally, Barclays lowered their price target on shares of Dime Community Bancshares from $20.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, October 3rd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $19.83.

NASDAQ:DCOM opened at $17.01 on Thursday. Dime Community Bancshares has a 12 month low of $15.48 and a 12 month high of $22.65. The stock has a market capitalization of $617.02 million, a PE ratio of 13.19 and a beta of 0.66. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.26 and a quick ratio of 1.26.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings results on Friday, October 26th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Dime Community Bancshares had a net margin of 22.65% and a return on equity of 8.34%. The business had revenue of $37.25 million for the quarter, compared to analysts’ expectations of $37.90 million. As a group, research analysts forecast that Dime Community Bancshares will post 1.33 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of DCOM. Piedmont Investment Advisors LLC purchased a new position in Dime Community Bancshares during the 2nd quarter valued at about $141,000. Engineers Gate Manager LP bought a new stake in Dime Community Bancshares during the 3rd quarter valued at about $238,000. Teachers Retirement System of The State of Kentucky increased its stake in Dime Community Bancshares by 63.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 14,434 shares of the savings and loans company’s stock valued at $258,000 after purchasing an additional 5,600 shares in the last quarter. SG Americas Securities LLC bought a new stake in Dime Community Bancshares during the 2nd quarter valued at about $322,000. Finally, HGK Asset Management Inc. increased its stake in Dime Community Bancshares by 19.3% during the 2nd quarter. HGK Asset Management Inc. now owns 18,619 shares of the savings and loans company’s stock valued at $363,000 after purchasing an additional 3,013 shares in the last quarter. 75.32% of the stock is owned by institutional investors.

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.

Recommended Story: What is intrinsic value?

Receive News & Ratings for Dime Community Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dime Community Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.