Dime Community Bancshares (DCOM) Downgraded by BidaskClub to “Sell”

Dime Community Bancshares (NASDAQ:DCOM) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Friday.

Several other research analysts also recently issued reports on DCOM. Barclays boosted their price objective on shares of Dime Community Bancshares from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Wednesday, October 11th. Keefe, Bruyette & Woods restated a “hold” rating and set a $23.00 price objective on shares of Dime Community Bancshares in a report on Tuesday, October 3rd. ValuEngine upgraded shares of Dime Community Bancshares from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Finally, Piper Jaffray Companies downgraded shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Dime Community Bancshares presently has a consensus rating of “Hold” and an average price target of $22.50.

Dime Community Bancshares (DCOM) opened at $21.45 on Friday. Dime Community Bancshares has a twelve month low of $18.35 and a twelve month high of $22.65. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.27. The stock has a market cap of $811.14, a PE ratio of 21.67 and a beta of 0.82.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. Dime Community Bancshares had a net margin of 16.99% and a return on equity of 8.28%. The company had revenue of $42.74 million for the quarter. equities research analysts forecast that Dime Community Bancshares will post 1.45 earnings per share for the current year.

In other news, insider Timothy B. King sold 5,000 shares of Dime Community Bancshares stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $22.50, for a total transaction of $112,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 7.30% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Peregrine Capital Management LLC acquired a new stake in shares of Dime Community Bancshares during the 3rd quarter valued at about $6,819,000. Nordea Investment Management AB boosted its position in shares of Dime Community Bancshares by 8.2% during the 2nd quarter. Nordea Investment Management AB now owns 372,796 shares of the savings and loans company’s stock valued at $7,307,000 after acquiring an additional 28,366 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Dime Community Bancshares by 301.3% during the 2nd quarter. GSA Capital Partners LLP now owns 79,642 shares of the savings and loans company’s stock valued at $1,561,000 after acquiring an additional 59,796 shares in the last quarter. ClariVest Asset Management LLC boosted its position in shares of Dime Community Bancshares by 3.5% during the 3rd quarter. ClariVest Asset Management LLC now owns 370,772 shares of the savings and loans company’s stock valued at $7,971,000 after acquiring an additional 12,555 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Dime Community Bancshares by 4.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,921,759 shares of the savings and loans company’s stock valued at $62,817,000 after acquiring an additional 122,016 shares in the last quarter. Institutional investors and hedge funds own 68.33% of the company’s stock.

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Dime Community Bancshares Company Profile

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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