Keefe, Bruyette & Woods Reaffirms “Hold” Rating for Dime Community Bancshares, Inc. (DCOM)

Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) in a research note published on Thursday. They currently have a $22.00 price target on the savings and loans company’s stock.

A number of other brokerages have also weighed in on DCOM. Barclays PLC restated an underweight rating and set a $20.00 target price (up previously from $19.00) on shares of Dime Community Bancshares in a research report on Wednesday, July 12th. ValuEngine upgraded shares of Dime Community Bancshares from a hold rating to a buy rating in a research report on Monday, August 14th. BidaskClub lowered shares of Dime Community Bancshares from a hold rating to a sell rating in a research report on Saturday, August 5th. Finally, Piper Jaffray Companies upgraded shares of Dime Community Bancshares from a neutral rating to an overweight rating and upped their target price for the stock from $20.50 to $22.50 in a research report on Tuesday, May 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Dime Community Bancshares presently has a consensus rating of Hold and an average price target of $21.50.

Dime Community Bancshares (NASDAQ:DCOM) traded up 0.79% during mid-day trading on Thursday, hitting $19.10. 144,946 shares of the stock were exchanged. The company has a 50-day moving average of $19.71 and a 200-day moving average of $20.11. Dime Community Bancshares has a 52 week low of $16.10 and a 52 week high of $22.48. The stock has a market capitalization of $715.22 million, a PE ratio of 20.90 and a beta of 0.80.

Dime Community Bancshares (NASDAQ:DCOM) last issued its earnings results on Thursday, July 27th. The savings and loans company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. Dime Community Bancshares had a net margin of 16.23% and a return on equity of 8.04%. The firm had revenue of $39.80 million during the quarter. On average, equities analysts predict that Dime Community Bancshares will post $1.27 EPS for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, August 7th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, August 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.93%. Dime Community Bancshares’s dividend payout ratio is 60.22%.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Dime Community Bancshares by 1.7% during the first quarter. Vanguard Group Inc. now owns 2,989,172 shares of the savings and loans company’s stock worth $60,680,000 after acquiring an additional 50,236 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Dime Community Bancshares by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,799,743 shares of the savings and loans company’s stock worth $54,875,000 after acquiring an additional 208,581 shares during the last quarter. Northern Trust Corp boosted its position in shares of Dime Community Bancshares by 5.0% during the second quarter. Northern Trust Corp now owns 1,354,196 shares of the savings and loans company’s stock worth $26,542,000 after acquiring an additional 64,023 shares during the last quarter. LSV Asset Management boosted its position in shares of Dime Community Bancshares by 17.5% during the second quarter. LSV Asset Management now owns 1,067,443 shares of the savings and loans company’s stock worth $20,921,000 after acquiring an additional 159,121 shares during the last quarter. Finally, Polaris Capital Management LLC boosted its position in shares of Dime Community Bancshares by 0.9% during the second quarter. Polaris Capital Management LLC now owns 896,889 shares of the savings and loans company’s stock worth $17,579,000 after acquiring an additional 7,800 shares during the last quarter. Hedge funds and other institutional investors own 68.00% of the company’s stock.

About Dime Community Bancshares

Dime Community Bancshares, Inc operates as a holding company for Dime Community Bank (the Bank), a chartered savings bank. The Company is a unitary savings and loan holding company. The Company operates through Community Banking segment. The Bank’s principal business is gathering retail deposits, and lending them primarily in multifamily residential, commercial real estate and mixed use loans, as well as investing in mortgage-backed securities (MBS), obligations of the United States Government and Government Sponsored Entities (GSEs), and corporate debt and equity securities.

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