Dime Community Bancshares (NASDAQ:DCOM) Price Target Raised to $42.00 at Keefe, Bruyette & Woods

Dime Community Bancshares (NASDAQ:DCOM) had its price objective raised by equities research analysts at Keefe, Bruyette & Woods from $38.00 to $42.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the savings and loans company’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 17.52% from the company’s previous close.

Other analysts have also issued reports about the stock. Stephens raised shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $30.00 to $39.00 in a research report on Monday, November 18th. StockNews.com downgraded shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Finally, Raymond James upped their price target on Dime Community Bancshares from $35.00 to $36.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.20.

Dime Community Bancshares Stock Down 0.3 %

Dime Community Bancshares stock traded down $0.09 during midday trading on Wednesday, hitting $35.74. 39,880 shares of the company’s stock were exchanged, compared to its average volume of 235,381. Dime Community Bancshares has a 12 month low of $17.29 and a 12 month high of $37.60. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $1.40 billion, a PE ratio of 23.83 and a beta of 1.03. The firm has a 50-day moving average of $31.57 and a two-hundred day moving average of $25.54.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings data on Tuesday, October 22nd. The savings and loans company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). The business had revenue of $171.87 million during the quarter, compared to the consensus estimate of $86.65 million. Dime Community Bancshares had a return on equity of 5.58% and a net margin of 9.65%. During the same period last year, the firm earned $0.56 EPS. As a group, analysts expect that Dime Community Bancshares will post 1.49 earnings per share for the current fiscal year.

Insider Activity

In other Dime Community Bancshares news, Director Basswood Capital Management, L bought 29,000 shares of Dime Community Bancshares stock in a transaction that occurred on Tuesday, November 12th. The stock was purchased at an average price of $32.00 per share, with a total value of $928,000.00. Following the completion of the acquisition, the director now directly owns 1,044,221 shares in the company, valued at approximately $33,415,072. This trade represents a 2.86 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On Dime Community Bancshares

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kimelman & Baird LLC acquired a new stake in Dime Community Bancshares during the second quarter worth about $56,000. GAMMA Investing LLC raised its holdings in Dime Community Bancshares by 30.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company’s stock worth $85,000 after purchasing an additional 685 shares during the period. Nisa Investment Advisors LLC boosted its position in Dime Community Bancshares by 496.9% during the second quarter. Nisa Investment Advisors LLC now owns 4,805 shares of the savings and loans company’s stock worth $98,000 after purchasing an additional 4,000 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Dime Community Bancshares in the second quarter valued at approximately $101,000. Finally, Denali Advisors LLC acquired a new position in shares of Dime Community Bancshares during the 2nd quarter worth approximately $235,000. 75.27% of the stock is owned by institutional investors and hedge funds.

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.