Dime Community Bancshares (NASDAQ:DCOM) Given New $39.00 Price Target at DA Davidson

Dime Community Bancshares (NASDAQ:DCOM) had its target price raised by equities research analysts at DA Davidson from $37.00 to $39.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the savings and loans company’s stock. DA Davidson’s target price points to a potential upside of 13.70% from the stock’s current price.

Several other research analysts have also recently weighed in on DCOM. Weiss Ratings restated a “hold (c)” rating on shares of Dime Community Bancshares in a research report on Wednesday, October 8th. Stephens set a $33.00 target price on Dime Community Bancshares and gave the company an “equal weight” rating in a research note on Tuesday, December 16th. Keefe, Bruyette & Woods boosted their target price on Dime Community Bancshares from $34.00 to $40.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Zacks Research upgraded shares of Dime Community Bancshares from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.50.

Dime Community Bancshares Price Performance

Dime Community Bancshares stock traded up $1.58 during trading hours on Thursday, hitting $34.30. 120,179 shares of the stock were exchanged, compared to its average volume of 320,214. The stock has a market capitalization of $1.51 billion, a P/E ratio of 30.11 and a beta of 1.11. The business’s 50-day moving average is $29.78 and its two-hundred day moving average is $29.27. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.03. Dime Community Bancshares has a 12 month low of $23.25 and a 12 month high of $34.86.

Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Wednesday, January 21st. The savings and loans company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.09. The company had revenue of $123.85 million during the quarter, compared to analysts’ expectations of $118.14 million. Dime Community Bancshares had a net margin of 8.72% and a return on equity of 7.81%. During the same quarter in the previous year, the company posted $0.42 earnings per share. Equities research analysts expect that Dime Community Bancshares will post 3.06 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Raymond A. Nielsen sold 2,200 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $26.29, for a total value of $57,838.00. Following the completion of the transaction, the director owned 33,985 shares in the company, valued at $893,465.65. This represents a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Basswood Capital Management, L acquired 20,537 shares of the stock in a transaction dated Tuesday, November 4th. The shares were bought at an average cost of $26.26 per share, with a total value of $539,301.62. Following the transaction, the director directly owned 1,034,158 shares of the company’s stock, valued at $27,156,989.08. This represents a 2.03% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have sold 4,695 shares of company stock valued at $125,809. 7.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dime Community Bancshares

Several institutional investors have recently added to or reduced their stakes in DCOM. Larson Financial Group LLC boosted its stake in shares of Dime Community Bancshares by 742.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company’s stock worth $30,000 after buying an additional 884 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in Dime Community Bancshares during the second quarter worth about $97,000. GAMMA Investing LLC raised its holdings in Dime Community Bancshares by 15.1% during the third quarter. GAMMA Investing LLC now owns 4,448 shares of the savings and loans company’s stock worth $133,000 after acquiring an additional 584 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Dime Community Bancshares by 326.4% during the second quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company’s stock valued at $156,000 after purchasing an additional 4,446 shares during the last quarter. Finally, iSAM Funds UK Ltd bought a new position in Dime Community Bancshares in the third quarter valued at approximately $169,000. 75.27% of the stock is owned by institutional investors.

Dime Community Bancshares News Roundup

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

• Positive Sentiment: Q4 results: DCOM beat EPS and revenue expectations, reported record quarterly revenue (~$124M), sharp year-over-year improvement in adjusted EPS to $0.79, and strong core deposit and business-loan growth — a primary driver of the rally. GlobeNewswire: Q4 Results
• Positive Sentiment: Analyst upgrade & price-target lift: Keefe, Bruyette & Woods raised its price target to $40 and kept an Outperform rating, pointing to further upside and validating the quarter’s momentum. This upgrade likely attracted fresh buy-side interest. Benzinga: KBW Price Target Raise
• Positive Sentiment: Management commentary and outlook: Management highlighted NIM expansion, a target sub-50% efficiency ratio, proactive CRE concentration reduction, strong liquidity (~$2.35B cash), and a multi-year loan repricing opportunity through 2027 — all supportive of higher future earnings. MSN: Management Targets
• Neutral Sentiment: Analyses and deep dives: Several outlets published valuation and deep-dive pieces (Yahoo Finance, Zacks) assessing whether recent momentum leaves DCOM fairly valued — useful for investors sizing positions after the run. Yahoo: Q4 Deep Dive
• Neutral Sentiment: Earnings call/transcript access: Full earnings call transcripts and highlights are available — helpful for hearing management Q&A on credit trends, deposit stickiness and capital deployment. Seeking Alpha: Earnings Call Transcript
• Negative Sentiment: Expense & non?interest income dynamics: Non?interest income softened vs. prior periods and adjusted non?interest expense rose, which tempers margin of safety if revenue growth slows — watch operating expense trends and fee income recovery. QuiverQuant: Q4 Release Summary
• Negative Sentiment: Credit and insider signals to monitor: Provision and net charge-offs ticked during the quarter and there is reported insider selling activity in recent months — keep an eye on NPL trends and insider transactions for signs of stress or management conviction. QuiverQuant: Insider & Credit Data

About Dime Community Bancshares

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.