Keefe, Bruyette & Woods reissued their hold rating on shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) in a report issued on Tuesday morning. They currently have a $23.00 target price on the savings and loans company’s stock.

Other equities analysts also recently issued research reports about the stock. ValuEngine raised shares of Dime Community Bancshares from a hold rating to a buy rating in a research note on Friday, September 22nd. BidaskClub downgraded shares of Dime Community Bancshares from a sell rating to a strong sell rating in a research note on Monday, August 14th. Finally, Barclays PLC reissued an underweight rating and issued a $20.00 target price (up previously from $19.00) on shares of Dime Community Bancshares in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $21.83.

Dime Community Bancshares (NASDAQ DCOM) traded up 0.23% during mid-day trading on Tuesday, hitting $22.10. 73,626 shares of the stock traded hands. Dime Community Bancshares has a 12 month low of $16.10 and a 12 month high of $22.48. The stock’s 50 day moving average is $19.62 and its 200-day moving average is $19.88. The company has a market cap of $827.56 million, a price-to-earnings ratio of 24.18 and a beta of 0.82.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings results on Thursday, July 27th. The savings and loans company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. The company had revenue of $39.80 million for the quarter. Dime Community Bancshares had a net margin of 16.23% and a return on equity of 8.04%. On average, equities research analysts anticipate that Dime Community Bancshares will post $1.27 EPS for the current year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC grew its holdings in Dime Community Bancshares by 5.0% during the 1st quarter. Citadel Advisors LLC now owns 33,653 shares of the savings and loans company’s stock valued at $683,000 after purchasing an additional 1,617 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Dime Community Bancshares by 5.0% during the 1st quarter. Renaissance Technologies LLC now owns 640,072 shares of the savings and loans company’s stock valued at $12,993,000 after purchasing an additional 30,447 shares in the last quarter. Prudential Financial Inc. grew its holdings in Dime Community Bancshares by 2.0% during the 2nd quarter. Prudential Financial Inc. now owns 476,234 shares of the savings and loans company’s stock valued at $9,334,000 after purchasing an additional 9,510 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Dime Community Bancshares by 3.1% during the 1st 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 purchasing an additional 18,396 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Dime Community Bancshares by 67.5% during the 2nd quarter. First Trust Advisors LP now owns 161,172 shares of the savings and loans company’s stock valued at $3,159,000 after purchasing an additional 64,950 shares in the last quarter. 68.00% of the stock is owned by institutional investors and hedge funds.

Dime Community Bancshares Company Profile

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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