Dime Community Bancshares, Inc. (NASDAQ:DCOM) Receives $29.25 Consensus Target Price from Analysts

Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM – Get Rating) have earned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $29.25.

Several research firms have recently weighed in on DCOM. TheStreet downgraded Dime Community Bancshares from a “b-” rating to a “c+” rating in a report on Friday, April 21st. Piper Sandler decreased their price objective on Dime Community Bancshares from $25.00 to $23.00 in a report on Thursday, May 18th. Stephens cut their price target on Dime Community Bancshares to $35.00 in a research note on Thursday, February 9th. Raymond James decreased their price target on Dime Community Bancshares from $34.00 to $27.00 in a report on Monday, May 1st. Finally, StockNews.com initiated coverage on Dime Community Bancshares in a report on Thursday, May 18th. They set a “hold” rating for the company.

Dime Community Bancshares Price Performance

DCOM stock opened at $17.11 on Friday. The company has a market capitalization of $664.02 million, a P/E ratio of 4.47 and a beta of 1.04. Dime Community Bancshares has a twelve month low of $15.57 and a twelve month high of $36.51. The business has a 50 day simple moving average of $20.08 and a 200-day simple moving average of $27.85. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.19.

Dime Community Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 24th. Investors of record on Monday, April 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 14th. This is a positive change from Dime Community Bancshares’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 5.84%. Dime Community Bancshares’s payout ratio is 26.11%.

Insider Buying and Selling at Dime Community Bancshares

In other Dime Community Bancshares news, Director Paul M. Aguggia bought 2,500 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were bought at an average cost of $17.11 per share, with a total value of $42,775.00. Following the transaction, the director now directly owns 2,500 shares in the company, valued at approximately $42,775. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 10.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dime Community Bancshares

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James & Associates grew its stake in Dime Community Bancshares by 6.6% during the 1st quarter. Raymond James & Associates now owns 60,591 shares of the savings and loans company’s stock worth $2,095,000 after buying an additional 3,740 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Dime Community Bancshares by 12.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,572 shares of the savings and loans company’s stock worth $227,000 after purchasing an additional 707 shares during the last quarter. American Century Companies Inc. increased its position in Dime Community Bancshares by 29.8% in the 1st quarter. American Century Companies Inc. now owns 58,176 shares of the savings and loans company’s stock worth $2,011,000 after purchasing an additional 13,341 shares during the last quarter. Citigroup Inc. increased its position in Dime Community Bancshares by 14.4% in the 1st quarter. Citigroup Inc. now owns 29,735 shares of the savings and loans company’s stock worth $1,028,000 after purchasing an additional 3,749 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in Dime Community Bancshares by 56.8% in the 1st quarter. MetLife Investment Management LLC now owns 17,770 shares of the savings and loans company’s stock worth $614,000 after purchasing an additional 6,434 shares during the last quarter. 72.38% of the stock is owned by institutional investors and hedge funds.

About Dime Community Bancshares

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The largest community bank headquartered in Brooklyn, New York, chartered on April 19, 1864. The bank specializes in Commercial Mortgage finance in the NY Metro area and services depositors in 24 full service branches throughout Brooklyn, Queens, Nassau, and the Bronx.