BidaskClub downgraded shares of Dime Community Bancshares (NASDAQ:DCOM) from a hold rating to a sell rating in a research note issued to investors on Saturday morning, BidAskClub reports.

Separately, Zacks Investment Research raised Dime Community Bancshares from a hold rating to a strong-buy rating and set a $23.00 target price on the stock in a research note on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $20.00.

DCOM stock opened at $21.00 on Friday. The stock has a market cap of $719.56 million, a PE ratio of 15.56 and a beta of 0.89. Dime Community Bancshares has a 12 month low of $15.48 and a 12 month high of $21.11. The company has a 50-day moving average price of $20.00 and a 200 day moving average price of $19.36. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 2.19.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Thursday, July 25th. The savings and loans company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. The company had revenue of $39.32 million for the quarter, compared to analyst estimates of $38.30 million. Dime Community Bancshares had a net margin of 20.35% and a return on equity of 8.01%.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.56 annualized dividend and a dividend yield of 2.67%. Dime Community Bancshares’s dividend payout ratio (DPR) is 41.48%.

Institutional investors have recently added to or reduced their stakes in the business. HM Payson & Co. purchased a new stake in shares of Dime Community Bancshares in the second quarter valued at approximately $28,000. Bank of Montreal Can increased its position in Dime Community Bancshares by 86.7% during the 2nd quarter. Bank of Montreal Can now owns 5,922 shares of the savings and loans company’s stock valued at $113,000 after purchasing an additional 2,750 shares during the period. BNP Paribas Arbitrage SA increased its position in Dime Community Bancshares by 149.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,266 shares of the savings and loans company’s stock valued at $136,000 after purchasing an additional 4,357 shares during the period. A.R.T. Advisors LLC bought a new stake in shares of Dime Community Bancshares in the 2nd quarter valued at about $224,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Dime Community Bancshares in the 2nd quarter worth approximately $228,000. 72.20% of the stock is owned by institutional investors.

About Dime Community Bancshares

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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