Dime Community Bancshares (NASDAQ:DCOM) PT Lowered to $25.50

Dime Community Bancshares (NASDAQ:DCOM) had its price target decreased by analysts at Keefe, Bruyette & Woods from $30.00 to $25.50 in a research report issued on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the savings and loans company’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 38.74% from the stock’s previous close.

Several other research analysts have also commented on the stock. DA Davidson restated a “buy” rating and issued a $28.00 price target on shares of Dime Community Bancshares in a report on Thursday, March 14th. Raymond James cut their price target on shares of Dime Community Bancshares from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, March 13th. Finally, StockNews.com downgraded shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Dime Community Bancshares has an average rating of “Moderate Buy” and a consensus target price of $25.88.

Dime Community Bancshares Trading Up 1.1 %

NASDAQ DCOM opened at $18.38 on Friday. Dime Community Bancshares has a one year low of $15.57 and a one year high of $27.91. The company’s 50 day moving average price is $19.20 and its 200 day moving average price is $21.12. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.06 and a current ratio of 1.07. The firm has a market capitalization of $713.64 million, a price-to-earnings ratio of 8.03 and a beta of 1.02.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings results on Friday, January 26th. The savings and loans company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.09). Dime Community Bancshares had a net margin of 14.89% and a return on equity of 9.85%. The business had revenue of $167.63 million during the quarter, compared to analysts’ expectations of $81.01 million. During the same quarter in the previous year, the business posted $0.99 EPS. On average, sell-side analysts predict that Dime Community Bancshares will post 1.81 EPS for the current year.

Insider Buying and Selling at Dime Community Bancshares

In other news, Director Basswood Capital Management, L acquired 27,068 shares of the stock in a transaction on Wednesday, January 31st. The stock was bought at an average price of $23.00 per share, with a total value of $622,564.00. Following the completion of the transaction, the director now directly owns 1,015,221 shares of the company’s stock, valued at $23,350,083. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.30% of the stock is owned by corporate insiders.

Institutional Trading of Dime Community Bancshares

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its position in shares of Dime Community Bancshares by 4.7% during the second quarter. BlackRock Inc. now owns 5,529,621 shares of the savings and loans company’s stock worth $97,487,000 after buying an additional 245,984 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Dime Community Bancshares by 0.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 3,214,786 shares of the savings and loans company’s stock worth $95,318,000 after purchasing an additional 10,189 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Dime Community Bancshares by 2.3% during the first quarter. Dimensional Fund Advisors LP now owns 2,626,037 shares of the savings and loans company’s stock worth $59,663,000 after purchasing an additional 58,228 shares during the last quarter. Vanguard Group Inc. lifted its stake in Dime Community Bancshares by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 2,459,856 shares of the savings and loans company’s stock worth $66,244,000 after purchasing an additional 90,575 shares during the last quarter. Finally, State Street Corp lifted its stake in Dime Community Bancshares by 15.3% during the second quarter. State Street Corp now owns 1,506,989 shares of the savings and loans company’s stock worth $26,568,000 after purchasing an additional 199,889 shares during the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans.