Dime Community Bancshares - DCOM Stock Forecast, Price & News

Dime Community Bancshares, Inc. operates as the holding company for Dime Community Bank that provides various commercial banking and financial services. It accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. The company also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; secured and unsecured commercial and consumer loans; home equity loans; and construction and land loans. In addition, it invests in Federal Home Loan Bank, Federal National Mortgage Association, Government National Mortgage Association, and Federal Home Loan Mortgage Corporation mortgage-backed securities, collateralized mortgage obligations, and other asset backed securities; U.S. Treasury securities; New York state and local municipal obligations; U.S. government-sponsored enterprise securities; and corporate bonds. Further, the company offers certificate of deposit account registry services and insured cash sweep programs; merchant credit and debit card processing, automated teller machines, cash management services, lockbox processing, online banking services, remote deposit capture, safe deposit boxes, and individual retirement accounts; investment products and services through a third-party broker dealer; and title insurance broker services. As of December 31, 2021, it operated 60 branch locations throughout Long Island and the New York City boroughs of Brooklyn, Queens, Manhattan, and the Bronx. Dime Community Bancshares, Inc. was founded in 1910 and is headquartered in Hauppauge, New York.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Raymond James lowered Dime Community Bancshares from a "strong-buy" rating to an "outperform" rating and lowered their price target for the company from $41.00 to $34.00 in a research report on Thursday, July 7th. Piper Sandler cut their price target on shares of Dime Community Bancshares from $40.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, June 3rd. Finally, Stephens downgraded shares of Dime Community Bancshares from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $36.00 to $34.50 in a report on Monday, May 16th.

Dime Community Bancshares Trading Up 0.4 %

NASDAQ:DCOM opened at $33.75 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $30.89 and a 200 day simple moving average of $32.64. The firm has a market capitalization of $1.32 billion, a P/E ratio of 9.70 and a beta of 1.08. Dime Community Bancshares has a 12 month low of $28.36 and a 12 month high of $38.35.

Dime Community Bancshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 25th. Investors of record on Monday, July 18th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.84%. The ex-dividend date was Friday, July 15th. Dime Community Bancshares's dividend payout ratio (DPR) is presently 27.59%.

Insider Buying and Selling at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, May 18th. The shares were sold at an average price of $29.25, for a total value of $731,250.00. Following the completion of the sale, the director now directly owns 69,545 shares of the company's stock, valued at $2,034,191.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Raymond A. Nielsen bought 1,798 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were purchased at an average price of $34.18 per share, for a total transaction of $61,455.64. Following the completion of the purchase, the director now directly owns 37,392 shares of the company's stock, valued at $1,278,058.56. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Basswood Capital Management, L sold 25,000 shares of Dime Community Bancshares stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $29.25, for a total value of $731,250.00. Following the sale, the director now owns 69,545 shares in the company, valued at approximately $2,034,191.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,237 shares of company stock valued at $3,748,558. Corporate insiders own 15.30% of the company's stock.