Dime Community Bancshares (NASDAQ:DCOM) Upgraded to Hold by BidaskClub

BidaskClub upgraded shares of Dime Community Bancshares (NASDAQ:DCOM) from a sell rating to a hold rating in a research report sent to investors on Saturday, BidAskClub reports.

Separately, Zacks Investment Research raised Dime Community Bancshares from a hold rating to a strong-buy rating and set a $23.00 target price on the stock in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $20.00.

Shares of DCOM opened at $21.78 on Friday. The business’s 50 day moving average is $20.24 and its 200 day moving average is $19.40. The company has a market capitalization of $782.85 million, a PE ratio of 16.13 and a beta of 0.89. Dime Community Bancshares has a 12-month low of $15.48 and a 12-month high of $22.00. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 2.19.

Dime Community Bancshares (NASDAQ:DCOM) last issued its earnings results on Thursday, July 25th. The savings and loans company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. The company had revenue of $39.32 million for the quarter, compared to the consensus estimate of $38.30 million. Dime Community Bancshares had a return on equity of 8.01% and a net margin of 20.35%.

Large investors have recently added to or reduced their stakes in the business. HM Payson & Co. bought a new stake in Dime Community Bancshares in the 2nd quarter worth approximately $28,000. Bank of Montreal Can increased its stake in Dime Community Bancshares by 86.7% in the 2nd quarter. Bank of Montreal Can now owns 5,922 shares of the savings and loans company’s stock worth $113,000 after acquiring an additional 2,750 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Dime Community Bancshares by 149.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,266 shares of the savings and loans company’s stock worth $136,000 after acquiring an additional 4,357 shares during the last quarter. A.R.T. Advisors LLC bought a new stake in Dime Community Bancshares in the 2nd quarter worth approximately $224,000. Finally, Susquehanna International Group LLP bought a new stake in Dime Community Bancshares in the 2nd quarter worth approximately $228,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

About Dime Community Bancshares

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. It offers deposit products, such as savings, money market, and interest bearing and non-interest bearing checking accounts, as well as certificates of deposit.

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