Brokerages Set Dime Community Bancshares, Inc. (NASDAQ:DCOM) Target Price at $38.33

Dime Community Bancshares, Inc. (NASDAQ:DCOM) has received an average rating of “Hold” from the five brokerages that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $38.3333.

Several equities research analysts have weighed in on DCOM shares. Wall Street Zen upgraded shares of Dime Community Bancshares from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Zacks Research raised shares of Dime Community Bancshares from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Dime Community Bancshares in a research report on Wednesday, January 21st. Stephens boosted their price target on Dime Community Bancshares from $33.00 to $36.00 and gave the company an “equal weight” rating in a report on Friday, January 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Dime Community Bancshares from $34.00 to $40.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd.

Dime Community Bancshares Trading Up 3.9%

Shares of NASDAQ DCOM opened at $35.36 on Thursday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.57. The company has a market cap of $1.55 billion, a PE ratio of 14.98 and a beta of 1.11. The company has a 50-day moving average of $30.90 and a two-hundred day moving average of $29.55. Dime Community Bancshares has a 1-year low of $23.25 and a 1-year high of $35.56.

Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings data on Wednesday, January 21st. The savings and loans company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.09. The firm had revenue of $123.85 million during the quarter, compared to analysts’ expectations of $118.14 million. Dime Community Bancshares had a return on equity of 9.12% and a net margin of 15.15%.During the same period in the previous year, the business posted $0.42 EPS. As a group, equities analysts expect that Dime Community Bancshares will post 3.06 earnings per share for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Friday, January 16th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, January 16th. Dime Community Bancshares’s dividend payout ratio (DPR) is currently 42.37%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in shares of Dime Community Bancshares by 742.9% in the third quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company’s stock valued at $30,000 after purchasing an additional 884 shares during the last quarter. Emerald Mutual Fund Advisers Trust bought a new position in Dime Community Bancshares in the 2nd quarter valued at about $97,000. GAMMA Investing LLC lifted its position in Dime Community Bancshares by 15.1% during the third quarter. GAMMA Investing LLC now owns 4,448 shares of the savings and loans company’s stock worth $133,000 after acquiring an additional 584 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Dime Community Bancshares by 326.4% during the second quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company’s stock worth $156,000 after acquiring an additional 4,446 shares during the last quarter. Finally, iSAM Funds UK Ltd bought a new stake in shares of Dime Community Bancshares during the third quarter worth approximately $169,000. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.