Dime Community Bancshares (NASDAQ:DCOM) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Dime Community Bancshares (NASDAQ:DCOM) had its price target hoisted by Keefe, Bruyette & Woods from $47.00 to $49.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the savings and loans company’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 21.28% from the stock’s current price.

Separately, Piper Sandler restated 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 equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $43.75.

Dime Community Bancshares Price Performance

NASDAQ DCOM traded down $0.61 during mid-day trading on Wednesday, hitting $40.40. The stock 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 quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. The company has a 50 day simple moving average of $40.08 and a 200 day simple moving average of $38.89. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 17.13 and a beta of 1.01.

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

Insiders Place Their Bets

In other news, Director Raymond A. Nielsen sold 1,800 shares of Dime Community Bancshares stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $41.73, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Basswood Capital Management, L sold 53,000 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $40.76, for a total value of $2,160,280.00. Following the completion of the transaction, the director owned 6,440 shares in the company, valued at approximately $262,494.40. This trade represents a 89.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 134,595 shares of company stock worth $5,506,229 in the last quarter. 7.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dime Community Bancshares

Hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Dime Community Bancshares in the second quarter valued at $251,937,000. Basswood Capital Management L.L.C. bought a new stake in Dime Community Bancshares in the 2nd quarter valued at about $79,106,000. The Manufacturers Life Insurance Company bought a new stake in Dime Community Bancshares in the 2nd quarter valued at about $18,911,000. Bank of New York Mellon Corp bought a new stake in Dime Community Bancshares in the 2nd quarter valued at about $14,342,000. Finally, Bank of America Corp DE bought a new position in Dime Community Bancshares in the 2nd quarter worth about $9,631,000. Institutional investors and hedge funds own 75.27% of the company’s stock.

Key Stories Impacting Dime Community Bancshares

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.