Dime Community Bancshares (DCOM) Given Buy Rating at Sandler O’Neill

Dime Community Bancshares (NASDAQ:DCOM)‘s stock had its “buy” rating reiterated by investment analysts at Sandler O’Neill in a research note issued to investors on Friday. They presently have a $23.00 price target on the savings and loans company’s stock. Sandler O’Neill’s price objective indicates a potential upside of 14.43% from the stock’s previous close.

Several other analysts have also commented on DCOM. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $23.00 price objective on shares of Dime Community Bancshares in a research report on Tuesday, October 3rd. Barclays lifted their price objective on shares of Dime Community Bancshares from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 11th. Piper Jaffray Companies lowered shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a research report on Friday, November 3rd. Finally, BidaskClub lowered shares of Dime Community Bancshares from a “buy” rating to a “hold” rating in a research report on Saturday, December 9th. Two equities research 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. Dime Community Bancshares currently has a consensus rating of “Hold” and an average price target of $22.63.

Shares of Dime Community Bancshares (NASDAQ:DCOM) opened at $20.10 on Friday. The company has a market cap of $812.08, a PE ratio of 14.46 and a beta of 0.82. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.40 and a quick ratio of 1.40. Dime Community Bancshares has a 12-month low of $18.35 and a 12-month high of $22.65.

Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings data on Thursday, January 25th. The savings and loans company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $52.44 million for the quarter. Dime Community Bancshares had a net margin of 22.21% and a return on equity of 8.37%. equities analysts forecast that Dime Community Bancshares will post 1.4 EPS for the current year.

In other news, insider Timothy B. King sold 5,000 shares of Dime Community Bancshares stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $22.50, for a total value of $112,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.30% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Peregrine Capital Management LLC purchased a new position in Dime Community Bancshares during the third quarter valued at approximately $6,819,000. ClariVest Asset Management LLC grew its stake in Dime Community Bancshares by 3.5% in the 3rd quarter. ClariVest Asset Management LLC now owns 370,772 shares of the savings and loans company’s stock worth $7,971,000 after buying an additional 12,555 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Dime Community Bancshares by 4.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,921,759 shares of the savings and loans company’s stock worth $62,817,000 after buying an additional 122,016 shares in the last quarter. Foundry Partners LLC grew its stake in Dime Community Bancshares by 5.3% in the 3rd quarter. Foundry Partners LLC now owns 324,830 shares of the savings and loans company’s stock worth $6,984,000 after buying an additional 16,350 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in Dime Community Bancshares by 47.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 16,682 shares of the savings and loans company’s stock worth $359,000 after buying an additional 5,378 shares in the last quarter. 68.33% of the stock is owned by institutional investors.

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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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