Dime Community Bancshares’ (DCOM) Outperform Rating Reaffirmed at Keefe, Bruyette & Woods

Dime Community Bancshares (NASDAQ:DCOM)‘s stock had its “outperform” rating restated by analysts at Keefe, Bruyette & Woods in a note issued to investors on Friday, Benzinga reports. They currently have a $25.50 target price on the savings and loans company’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 23.97% from the company’s previous close.

DCOM has been the subject of several other reports. Raymond James cut their target price on shares of Dime Community Bancshares from $30.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, March 13th. DA Davidson reissued a “buy” rating and issued a $28.00 price objective on shares of Dime Community Bancshares in a research note on Thursday, March 14th. Finally, StockNews.com raised shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, May 13th.

Dime Community Bancshares Trading Up 2.7 %

Dime Community Bancshares stock traded up $0.54 during midday trading on Friday, reaching $20.57. The stock had a trading volume of 25,828 shares, compared to its average volume of 223,758. The firm has a market cap of $801.61 million, a price-to-earnings ratio of 11.56 and a beta of 1.00. Dime Community Bancshares has a twelve month low of $17.17 and a twelve month high of $27.91. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.02 and a quick ratio of 1.02. The firm’s fifty day simple moving average is $18.94 and its two-hundred day simple moving average is $20.64.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings results on Tuesday, April 23rd. The savings and loans company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The company had revenue of $82.00 million during the quarter, compared to analysts’ expectations of $80.15 million. Dime Community Bancshares had a net margin of 11.46% and a return on equity of 7.76%. Equities analysts anticipate that Dime Community Bancshares will post 1.65 EPS for the current fiscal year.

Institutional Trading of Dime Community Bancshares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Eagle Investment Management LLC boosted its stake in Dime Community Bancshares by 1,218.3% in the fourth quarter. First Eagle Investment Management LLC now owns 300,654 shares of the savings and loans company’s stock valued at $8,097,000 after acquiring an additional 277,847 shares during the last quarter. Stieven Capital Advisors L.P. acquired a new position in shares of Dime Community Bancshares during the 1st quarter worth about $4,702,000. Hennessy Advisors Inc. bought a new stake in shares of Dime Community Bancshares in the 4th quarter valued at about $3,016,000. Salzhauer Michael boosted its stake in Dime Community Bancshares by 446.0% during the 1st quarter. Salzhauer Michael now owns 129,915 shares of the savings and loans company’s stock worth $2,502,000 after acquiring an additional 106,121 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in Dime Community Bancshares by 48.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 163,148 shares of the savings and loans company’s stock valued at $4,394,000 after purchasing an additional 53,041 shares in the last quarter. 75.27% of the stock is owned by institutional investors.

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.