Dime Community Bancshares (NASDAQ:DCOM) Given New $49.00 Price Target at Keefe, Bruyette & Woods

Dime Community Bancshares (NASDAQ:DCOM) had its price objective boosted by investment analysts at Keefe, Bruyette & Woods from $47.00 to $49.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the savings and loans company’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 21.28% from the stock’s previous close.

Separately, Piper Sandler reiterated an “overweight” rating and issued a $47.00 target price (up from $45.00) on shares of Dime Community Bancshares in a report on Wednesday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.75.

Dime Community Bancshares Price Performance

Shares of Dime Community Bancshares stock traded down $0.61 on Wednesday, hitting $40.40. The company had a trading volume of 162,600 shares, compared to its average volume of 312,236. Dime Community Bancshares has a 52 week low of $25.63 and a 52 week high of $41.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $1.78 billion, a PE ratio of 17.13 and a beta of 1.01. The business has a 50-day simple moving average of $40.08 and a 200-day simple moving average of $38.89.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings results on Tuesday, October 20th. The savings and loans company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. Dime Community Bancshares had a net margin of 15.15% and a return on equity of 9.12%. The firm had revenue of $135.35 million for the quarter, compared to analysts’ expectations of $131.16 million. During the same period in the previous year, the business earned $0.59 earnings per share. Research analysts expect that Dime Community Bancshares will post 3.06 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Basswood Capital Management, L sold 53,000 shares of the stock in a transaction on Friday, July 31st. The stock was sold at an average price of $40.76, for a total transaction of $2,160,280.00. Following the completion of the sale, the director directly owned 6,440 shares in the company, valued at approximately $262,494.40. This trade represents a 89.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raymond A. Nielsen sold 1,800 shares of Dime Community Bancshares stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $41.73, for a total value of $75,114.00. Following the sale, the director directly owned 32,400 shares of the company’s stock, valued at approximately $1,352,052. The trade was a 5.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 134,595 shares of company stock worth $5,506,229 over the last ninety days. 7.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dime Community Bancshares

A number of large investors have recently bought and sold shares of DCOM. BlackRock Inc. acquired a new position in Dime Community Bancshares during the second quarter worth $251,937,000. Basswood Capital Management L.L.C. bought a new position in Dime Community Bancshares during the second quarter valued at about $79,106,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Dime Community Bancshares in the second quarter worth about $18,911,000. Bank of New York Mellon Corp acquired a new stake in shares of Dime Community Bancshares in the second quarter worth about $14,342,000. Finally, Bank of America Corp DE bought a new stake in shares of Dime Community Bancshares during the 2nd quarter worth about $9,631,000. 75.27% of the stock is currently owned by institutional investors.

Dime Community Bancshares News Roundup

Here are the key news stories impacting Dime Community Bancshares this week:

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. DCOM reported adjusted earnings of $0.91 per share versus consensus estimates of roughly $0.86–$0.87, while revenue reached $135.35 million, above the $131.16 million estimate. Earnings also improved substantially from the prior-year quarter. Dime Community Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: Management highlighted profitable growth opportunities. The earnings call focused on deposit growth, broader loan diversification and continued expansion of the franchise, which could support more stable earnings and improve the bank’s outlook. Dime Community Bancshares Earnings Call Signals Profitable Growth
• Positive Sentiment: DCOM agreed to acquire ES Bancshares, Inc. The transaction is intended to strengthen Dime’s Staten Island presence and add franchise value. Investors may view the deal as a strategic opportunity to expand deposits, customer relationships and operating scale. Dime Community Announces ES Bancshares Acquisition
• Neutral Sentiment: The acquisition and earnings call create execution considerations. While deposit growth and loan diversification are constructive, investors will likely monitor integration, funding costs, credit quality and whether the acquisition produces the expected synergies. DCOM Q3 Deep Dive
• Negative Sentiment: The market response has been muted despite the earnings beat. With DCOM trading near its 52-week high, investors may be taking profits or waiting for clearer evidence that improved results and the ES Bancshares deal can drive a larger valuation rerating.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, a full-service commercial bank serving businesses, individuals and local communities in the New York metropolitan area. The company’s primary markets include Long Island and New York City, with banking offices across Brooklyn, Queens, Manhattan, Nassau County and Suffolk County.

Dime Community Bank provides commercial and residential real estate lending, commercial and industrial loans, construction financing, residential mortgages and consumer loans.