BidaskClub Lowers Dime Community Bancshares (NASDAQ:DCOM) to Sell

BidaskClub cut shares of Dime Community Bancshares (NASDAQ:DCOM) from a hold rating to a sell rating in a research note published on Thursday morning, BidAskClub reports.

Separately, Zacks Investment Research upgraded Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 target price on the stock in a report on Monday, July 8th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company currently has an average rating of Hold and an average target price of $20.00.

DCOM opened at $18.84 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 2.06. The company has a market cap of $676.02 million, a P/E ratio of 14.38 and a beta of 0.90. The stock has a fifty day moving average price of $18.60. Dime Community Bancshares has a one year low of $15.48 and a one year high of $20.55.



Dime Community Bancshares (NASDAQ:DCOM) last issued its earnings results on Thursday, April 25th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. The business had revenue of $37.68 million for the quarter, compared to analysts’ expectations of $38.70 million. Dime Community Bancshares had a return on equity of 7.87% and a net margin of 20.62%. Research analysts expect that Dime Community Bancshares will post 1.32 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA grew its holdings in shares of Dime Community Bancshares by 149.8% during the first quarter. BNP Paribas Arbitrage SA now owns 7,266 shares of the savings and loans company’s stock valued at $136,000 after buying an additional 4,357 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Dime Community Bancshares during the fourth quarter valued at $154,000. Metropolitan Life Insurance Co. NY grew its holdings in shares of Dime Community Bancshares by 359.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,206 shares of the savings and loans company’s stock valued at $173,000 after buying an additional 7,984 shares in the last quarter. Brinker Capital Inc. purchased a new position in shares of Dime Community Bancshares during the first quarter valued at $199,000. Finally, Raymond James & Associates grew its holdings in shares of Dime Community Bancshares by 8.1% during the fourth quarter. Raymond James & Associates now owns 13,270 shares of the savings and loans company’s stock valued at $225,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 73.53% 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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