Dime Community Bancshares (NASDAQ:DCOM) Price Target Raised to $28.00

Dime Community Bancshares (NASDAQ:DCOM) had its target price boosted by equities research analysts at Keefe, Bruyette & Woods from $25.50 to $28.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the savings and loans company’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 16.91% from the company’s current price.

A number of other brokerages have also weighed in on DCOM. Piper Sandler lowered Dime Community Bancshares from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $23.00 to $26.00 in a research note on Tuesday. StockNews.com upgraded Dime Community Bancshares from a “sell” rating to a “hold” rating in a report on Monday, May 13th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Dime Community Bancshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.25.

Dime Community Bancshares Stock Down 3.2 %

Shares of NASDAQ DCOM opened at $23.95 on Thursday. Dime Community Bancshares has a one year low of $17.29 and a one year 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 business’s fifty day moving average price is $19.92 and its 200-day moving average price is $20.04. The stock has a market capitalization of $933.33 million, a PE ratio of 13.46 and a beta of 1.01.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Tuesday, July 23rd. The savings and loans company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Dime Community Bancshares had a return on equity of 6.62% and a net margin of 9.98%. The company had revenue of $171.23 million for the quarter, compared to analyst estimates of $82.19 million. During the same period in the previous year, the company posted $0.68 EPS. On average, equities research analysts anticipate that Dime Community Bancshares will post 1.64 EPS for the current year.

Institutional Investors Weigh In On Dime Community Bancshares

Institutional investors have recently bought and sold shares of the stock. AJOVista LLC purchased a new stake in Dime Community Bancshares during the 4th quarter valued at about $82,000. GAMMA Investing LLC purchased a new stake in Dime Community Bancshares during the 4th quarter valued at about $92,000. Nisa Investment Advisors LLC lifted its holdings in Dime Community Bancshares by 496.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,805 shares of the savings and loans company’s stock worth $98,000 after buying an additional 4,000 shares during the period. EMC Capital Management lifted its holdings in Dime Community Bancshares by 42.2% in the 1st quarter. EMC Capital Management now owns 9,861 shares of the savings and loans company’s stock worth $190,000 after buying an additional 2,924 shares during the period. Finally, Everence Capital Management Inc. purchased a new stake in Dime Community Bancshares in the 1st quarter worth approximately $243,000. 75.27% of the stock is currently owned by hedge funds and other 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.