ValuEngine upgraded shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) from a hold rating to a buy rating in a research note published on Monday morning.

DCOM has been the subject of a number of other research reports. Piper Jaffray Companies raised shares of Dime Community Bancshares from a neutral rating to an overweight rating and boosted their target price for the stock from $20.50 to $22.50 in a research note on Tuesday, May 9th. BidaskClub cut shares of Dime Community Bancshares from a hold rating to a sell rating in a research note on Saturday, August 5th. Finally, Barclays PLC reaffirmed an underweight rating and set a $20.00 price objective (up previously from $19.00) on shares of Dime Community Bancshares in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Dime Community Bancshares has an average rating of Hold and a consensus price target of $21.50.

Dime Community Bancshares (DCOM) opened at 19.15 on Monday. The stock’s 50 day moving average price is $20.04 and its 200-day moving average price is $20.29. The stock has a market cap of $717.09 million, a price-to-earnings ratio of 20.95 and a beta of 0.77. Dime Community Bancshares has a 12 month low of $16.10 and a 12 month high of $22.48.

Dime Community Bancshares (NASDAQ:DCOM) last released its earnings results on Thursday, July 27th. The savings and loans company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $39.80 million during the quarter. Dime Community Bancshares had a net margin of 16.23% and a return on equity of 8.04%. Equities analysts expect that Dime Community Bancshares will post $1.27 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were paid a dividend of $0.14 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.56 annualized dividend and a yield of 2.92%. Dime Community Bancshares’s dividend payout ratio is presently 60.22%.

A number of hedge funds have recently made changes to their positions in DCOM. TD Asset Management Inc. boosted its stake in shares of Dime Community Bancshares by 55.3% in the first quarter. TD Asset Management Inc. now owns 92,100 shares of the savings and loans company’s stock valued at $1,870,000 after buying an additional 32,800 shares in the last quarter. Citadel Advisors LLC boosted its stake in shares of Dime Community Bancshares by 5.0% in the first quarter. Citadel Advisors LLC now owns 33,653 shares of the savings and loans company’s stock valued at $683,000 after buying an additional 1,617 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Dime Community Bancshares by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 605,407 shares of the savings and loans company’s stock valued at $12,290,000 after buying an additional 18,396 shares in the last quarter. Norges Bank acquired a new stake in shares of Dime Community Bancshares during the fourth quarter valued at about $8,333,000. Finally, ClariVest Asset Management LLC boosted its stake in shares of Dime Community Bancshares by 20.6% in the first quarter. ClariVest Asset Management LLC now owns 281,517 shares of the savings and loans company’s stock valued at $5,714,000 after buying an additional 48,165 shares in the last quarter. 67.30% of the stock is owned by institutional investors.

About Dime Community Bancshares

Dime Community Bancshares, Inc operates as a holding company for Dime Community Bank (the Bank), a chartered savings bank. The Company is a unitary savings and loan holding company. The Company operates through Community Banking segment. The Bank’s principal business is gathering retail deposits, and lending them primarily in multifamily residential, commercial real estate and mixed use loans, as well as investing in mortgage-backed securities (MBS), obligations of the United States Government and Government Sponsored Entities (GSEs), and corporate debt and equity securities.

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