Shares of Dime Community Bancshares Inc. (NASDAQ:DCOM) have been assigned an average broker rating score of 3.00 (Hold) from the three brokers that cover the company, Zacks Investment Research reports. Three research analysts have rated the stock with a hold recommendation.
Analysts have set a 12-month consensus price objective of $18.50 for the company and are predicting that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Dime Community Bancshares an industry rank of 103 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Monday, August 1st.
Shares of Dime Community Bancshares (NASDAQ:DCOM) traded down 1.19% on Tuesday, hitting $16.56. The stock had a trading volume of 20,011 shares. Dime Community Bancshares has a one year low of $15.61 and a one year high of $18.87. The company’s 50 day moving average is $17.30 and its 200 day moving average is $17.49. The stock has a market cap of $608.63 million, a PE ratio of 7.32 and a beta of 0.87.
Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. Dime Community Bancshares had a net margin of 32.01% and a return on equity of 8.76%. Equities research analysts predict that Dime Community Bancshares will post $1.25 EPS for the current fiscal year.
In related news, Director Kathleen M. Nelson bought 2,000 shares of the company’s stock in a transaction on Tuesday, August 16th. The stock was bought at an average cost of $16.94 per share, with a total value of $33,880.00. Following the completion of the acquisition, the director now owns 18,104 shares in the company, valued at approximately $306,681.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 12.70% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. ClariVest Asset Management LLC boosted its position in shares of Dime Community Bancshares by 6.7% in the second quarter. ClariVest Asset Management LLC now owns 145,805 shares of the company’s stock worth $2,480,000 after buying an additional 9,200 shares during the period. Artemis Investment Management LLP raised its stake in Dime Community Bancshares by 179.2% in the second quarter. Artemis Investment Management LLP now owns 1,326,400 shares of the company’s stock valued at $22,555,000 after buying an additional 851,300 shares in the last quarter. Boston Advisors LLC acquired a new stake in Dime Community Bancshares during the second quarter valued at approximately $3,561,000. Louisiana State Employees Retirement System raised its stake in Dime Community Bancshares by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the company’s stock valued at $233,000 after buying an additional 100 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Dime Community Bancshares by 6.3% in the second quarter. Acadian Asset Management LLC now owns 135,793 shares of the company’s stock valued at $2,308,000 after buying an additional 8,059 shares in the last quarter. 65.52% of the stock is owned by institutional investors.
Dime Community Bancshares Company Profile
Dime Community Bancshares, Inc operates as a holding company for The Dime Savings Bank of Williamsburgh (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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