Dime Community Bancshares, Inc. (NASDAQ:DCOM) Receives Consensus Rating of “Moderate Buy” from Analysts

Dime Community Bancshares, Inc. (NASDAQ:DCOM – Get Rating) has received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $29.25.

A number of brokerages recently weighed in on DCOM. Raymond James reduced their target price on shares of Dime Community Bancshares from $34.00 to $27.00 in a research note on Monday, May 1st. Stephens lowered their target price on shares of Dime Community Bancshares to $35.00 in a report on Thursday, February 9th. StockNews.com initiated coverage on shares of Dime Community Bancshares in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. TheStreet lowered shares of Dime Community Bancshares from a “b-” rating to a “c+” rating in a report on Friday, April 21st. Finally, Piper Sandler lowered their target price on shares of Dime Community Bancshares from $25.00 to $23.00 in a research note on Thursday, May 18th.

Dime Community Bancshares Stock Performance

DCOM stock opened at $17.11 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.94 and a quick ratio of 0.94. The company has a 50 day moving average price of $20.08 and a 200 day moving average price of $27.85. Dime Community Bancshares has a fifty-two week low of $15.57 and a fifty-two week high of $36.51. The stock has a market capitalization of $664.02 million, a PE ratio of 4.47 and a beta of 1.04.

Dime Community Bancshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 24th. Investors of record on Monday, April 17th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date of this dividend was Friday, April 14th. This is a boost from Dime Community Bancshares’s previous quarterly dividend of $0.24. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 26.11%.

Insider Buying and Selling

In other news, Director Paul M. Aguggia purchased 2,500 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were acquired at an average price of $17.11 per share, with a total value of $42,775.00. Following the acquisition, the director now directly owns 2,500 shares in the company, valued at $42,775. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 10.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dime Community Bancshares

Several hedge funds have recently bought and sold shares of DCOM. Tower Research Capital LLC TRC boosted its stake in Dime Community Bancshares by 451.9% during the first quarter. Tower Research Capital LLC TRC now owns 1,286 shares of the savings and loans company’s stock worth $29,000 after acquiring an additional 1,053 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Dime Community Bancshares by 44.9% in the fourth quarter. Quadrant Capital Group LLC now owns 1,165 shares of the savings and loans company’s stock worth $37,000 after buying an additional 361 shares during the last quarter. Quantbot Technologies LP purchased a new position in Dime Community Bancshares in the third quarter worth about $38,000. Point72 Middle East FZE purchased a new position in Dime Community Bancshares in the fourth quarter worth about $38,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Dime Community Bancshares by 190.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,622 shares of the savings and loans company’s stock worth $60,000 after buying an additional 1,719 shares during the last quarter. Institutional investors own 72.38% of the company’s stock.

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.