Dime Community Bancshares (NASDAQ:DCOM) Price Target Lowered to $41.00 at Keefe, Bruyette & Woods

Dime Community Bancshares (NASDAQ:DCOM) had its price objective lowered by Keefe, Bruyette & Woods from $42.00 to $41.00 in a research note published on Friday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the savings and loans company’s stock.

DCOM has been the subject of a number of other reports. Stephens upgraded shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $30.00 to $39.00 in a report on Monday, November 18th. Piper Sandler upgraded Dime Community Bancshares from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $36.00 to $38.00 in a research note on Thursday. Finally, Raymond James raised their price objective on Dime Community Bancshares from $35.00 to $36.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $36.40.

Dime Community Bancshares Stock Performance

Shares of DCOM stock opened at $30.81 on Friday. Dime Community Bancshares has a fifty-two week low of $17.29 and a fifty-two week high of $37.60. The stock’s 50-day moving average is $33.10 and its two-hundred day moving average is $28.89. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $1.21 billion, a P/E ratio of 20.54 and a beta of 1.05.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings data on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). Dime Community Bancshares had a net margin of 9.65% and a return on equity of 5.58%. Analysts predict that Dime Community Bancshares will post 1.49 earnings per share for the current fiscal year.

Dime Community Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 17th were given a dividend of $0.25 per share. The ex-dividend date was Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.25%. Dime Community Bancshares’s dividend payout ratio is presently 66.67%.

Insider Activity at Dime Community Bancshares

In related news, Director Basswood Capital Management, L bought 29,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average cost of $32.00 per share, for a total transaction of $928,000.00. Following the purchase, the director now directly owns 1,044,221 shares in the company, valued at $33,415,072. This trade represents a 2.86 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Michael Fegan sold 2,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $35.76, for a total transaction of $71,520.00. Following the completion of the sale, the chief technology officer now owns 20,155 shares in the company, valued at $720,742.80. This represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.10% of the stock is owned by corporate insiders.

Institutional Trading of Dime Community Bancshares

Several institutional investors have recently modified their holdings of the company. KBC Group NV lifted its position in Dime Community Bancshares by 50.8% in the fourth quarter. KBC Group NV now owns 2,697 shares of the savings and loans company’s stock worth $83,000 after purchasing an additional 909 shares during the period. Kimelman & Baird LLC bought a new position in shares of Dime Community Bancshares during the 2nd quarter worth about $56,000. GAMMA Investing LLC boosted its position in shares of Dime Community Bancshares by 30.4% during the 3rd quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company’s stock valued at $85,000 after acquiring an additional 685 shares in the last quarter. USA Financial Formulas bought a new stake in Dime Community Bancshares in the fourth quarter valued at about $92,000. Finally, Quest Partners LLC raised its position in Dime Community Bancshares by 9.4% in the third quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company’s stock worth $155,000 after purchasing an additional 465 shares in the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.

About Dime Community Bancshares

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.