BidaskClub downgraded shares of Dime Community Bancshares (NASDAQ:DCOM) from a buy rating to a hold rating in a research note published on Saturday morning.

A number of other brokerages have also recently commented on DCOM. Barclays upped their price target on Dime Community Bancshares from $20.00 to $21.00 and gave the company an underweight rating in a research report on Wednesday, October 11th. Piper Jaffray Companies cut Dime Community Bancshares from an overweight rating to a neutral rating in a research report on Friday, November 3rd. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $23.00 price target on shares of Dime Community Bancshares in a research report on Tuesday, October 3rd. Finally, ValuEngine raised Dime Community Bancshares from a hold rating to a buy rating in a research report on Friday, September 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Dime Community Bancshares currently has a consensus rating of Hold and an average target price of $22.17.

Dime Community Bancshares (NASDAQ DCOM) traded down $0.35 during mid-day trading on Friday, reaching $21.15. The company’s stock had a trading volume of 103,770 shares, compared to its average volume of 169,435. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.40 and a current ratio of 1.40. Dime Community Bancshares has a twelve month low of $18.35 and a twelve month high of $22.65. The stock has a market capitalization of $791.50, a PE ratio of 16.52 and a beta of 0.82.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Dime Community Bancshares had a return on equity of 8.28% and a net margin of 16.99%. The business had revenue of $42.74 million for the quarter.

The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.65%. Dime Community Bancshares’s dividend payout ratio is presently 56.00%.

In other news, insider Timothy B. King sold 5,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $22.50, for a total transaction of $112,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 7.30% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Teachers Advisors LLC lifted its holdings in Dime Community Bancshares by 2.4% during the 1st quarter. Teachers Advisors LLC now owns 52,189 shares of the savings and loans company’s stock worth $1,059,000 after purchasing an additional 1,220 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Dime Community Bancshares by 5.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 117,944 shares of the savings and loans company’s stock worth $2,395,000 after purchasing an additional 6,156 shares in the last quarter. Bank of America Corp DE lifted its holdings in Dime Community Bancshares by 44.9% during the 1st quarter. Bank of America Corp DE now owns 79,242 shares of the savings and loans company’s stock worth $1,609,000 after purchasing an additional 24,547 shares in the last quarter. State Street Corp lifted its holdings in Dime Community Bancshares by 9.6% during the 1st quarter. State Street Corp now owns 831,409 shares of the savings and loans company’s stock worth $16,877,000 after purchasing an additional 72,853 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Dime Community Bancshares by 78.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,167 shares of the savings and loans company’s stock worth $120,000 after purchasing an additional 2,717 shares in the last quarter. 68.36% of the stock is currently owned by hedge funds and other institutional investors.

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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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