Dime Community Bancshares, Inc. (NASDAQ:DCOM) declared a quarterly dividend on Thursday, July 27th, RTT News reports. Shareholders of record on Monday, August 7th will be given a dividend of 0.14 per share by the savings and loans company on Monday, August 14th. This represents a $0.56 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, August 3rd.
Dime Community Bancshares (DCOM) remained flat at $20.05 during trading on Tuesday. The company’s stock had a trading volume of 62,966 shares. The firm’s 50 day moving average is $20.10 and its 200 day moving average is $20.35. The firm has a market capitalization of $755.38 million, a P/E ratio of 21.94 and a beta of 0.77. Dime Community Bancshares has a 1-year low of $16.10 and a 1-year high of $22.48.
Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Thursday, July 27th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $39.80 million for the quarter. Dime Community Bancshares had a return on equity of 8.04% and a net margin of 16.23%. On average, equities analysts expect that Dime Community Bancshares will post $1.27 earnings per share for the current fiscal year.
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A number of equities research analysts recently issued reports on the company. Piper Jaffray Companies upgraded Dime Community Bancshares from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $20.50 to $22.50 in a research report on Tuesday, May 9th. BidaskClub downgraded Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Barclays PLC reiterated an “underweight” rating and issued a $20.00 price objective (up previously from $19.00) on shares of Dime Community Bancshares in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Dime Community Bancshares has a consensus rating of “Hold” and an average price target of $21.50.
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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