Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) have earned an average recommendation of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $20.13.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Dime Community Bancshares from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Tuesday, May 7th. BidaskClub upgraded shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Finally, Sandler O’Neill lowered shares of Dime Community Bancshares from a “buy” rating to a “hold” rating and set a $20.00 price target for the company. in a report on Wednesday, February 13th.
Shares of NASDAQ:DCOM traded down $0.14 during trading hours on Thursday, hitting $18.20. The company’s stock had a trading volume of 136,593 shares, compared to its average volume of 127,881. Dime Community Bancshares has a 52 week low of $15.48 and a 52 week high of $20.85. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $656.22 million, a P/E ratio of 13.48 and a beta of 0.81.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 8th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.56 annualized dividend and a dividend yield of 3.08%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 41.48%.
Several hedge funds and other institutional investors have recently bought and sold shares of DCOM. C M Bidwell & Associates Ltd. purchased a new stake in Dime Community Bancshares during the 1st quarter worth approximately $118,000. BNP Paribas Arbitrage SA grew 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 worth $136,000 after purchasing an additional 4,357 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in Dime Community Bancshares during the 4th quarter worth approximately $154,000. Metropolitan Life Insurance Co. NY grew its position in Dime Community Bancshares by 359.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,206 shares of the savings and loans company’s stock worth $173,000 after purchasing an additional 7,984 shares during the last quarter. Finally, Brinker Capital Inc. purchased a new stake in Dime Community Bancshares during the 1st quarter worth approximately $199,000. Hedge funds and other institutional investors own 73.38% of the company’s stock.
Dime Community Bancshares Company Profile
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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