Dime Community Bancshares (NASDAQ:DCOM) Earns “Outperform” Rating from Keefe, Bruyette & Woods

Dime Community Bancshares (NASDAQ:DCOM)‘s stock had its “outperform” rating restated by investment analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $25.50 price objective on the savings and loans company’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 23.97% from the stock’s current price.

Several other equities research analysts have also issued reports on DCOM. DA Davidson reaffirmed a “buy” rating and set a $28.00 price target on shares of Dime Community Bancshares in a research note on Thursday, March 14th. StockNews.com raised Dime Community Bancshares from a “sell” rating to a “hold” rating in a report on Monday, May 13th. Finally, Raymond James cut their target price on Dime Community Bancshares from $30.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, March 13th.

Dime Community Bancshares Price Performance

NASDAQ DCOM traded up $0.54 during trading on Friday, reaching $20.57. The company’s stock had a trading volume of 25,828 shares, compared to its average volume of 223,758. The stock has a market capitalization of $801.61 million, a PE ratio of 11.56 and a beta of 1.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a fifty day moving average of $18.94 and a 200 day moving average of $20.64. Dime Community Bancshares has a one year low of $17.17 and a one year high of $27.91.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings results on Tuesday, April 23rd. The savings and loans company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. Dime Community Bancshares had a net margin of 11.46% and a return on equity of 7.76%. The firm had revenue of $82.00 million for the quarter, compared to analyst estimates of $80.15 million. Analysts expect that Dime Community Bancshares will post 1.65 EPS for the current fiscal year.

Institutional Trading of Dime Community Bancshares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AJOVista LLC bought a new stake in Dime Community Bancshares in the 4th quarter worth $82,000. GAMMA Investing LLC bought a new position in shares of Dime Community Bancshares during the fourth quarter valued at approximately $92,000. EMC Capital Management lifted its stake in Dime Community Bancshares by 42.2% in the first quarter. EMC Capital Management now owns 9,861 shares of the savings and loans company’s stock worth $190,000 after acquiring an additional 2,924 shares during the period. Everence Capital Management Inc. bought a new stake in Dime Community Bancshares in the first quarter valued at $243,000. Finally, Hennion & Walsh Asset Management Inc. increased its position in Dime Community Bancshares by 24.5% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,837 shares of the savings and loans company’s stock valued at $247,000 after purchasing an additional 2,523 shares during the period. Institutional investors own 75.27% of the company’s stock.

Dime Community Bancshares Company Profile

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.