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NASDAQ:DCOM

Dime Community Bancshares - DCOM Stock Forecast, Price & News

$33.86
-0.64 (-1.86%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$33.53
$34.37
50-Day Range
$28.73
$35.22
52-Week Range
$28.36
$38.35
Volume
126,214 shs
Average Volume
145,142 shs
Market Capitalization
$1.31 billion
P/E Ratio
9.73
Dividend Yield
2.78%
Price Target
$35.17

Dime Community Bancshares MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
3.9% Upside
$35.17 Price Target
Short Interest
Healthy
4.77% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.32mentions of Dime Community Bancshares in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$4.39 M Sold Last Quarter
Proj. Earnings Growth
7.04%
From $3.55 to $3.80 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.28 out of 5 stars

Finance Sector

527th out of 896 stocks

National Commercial Banks Industry

55th out of 88 stocks

DCOM stock logo

About Dime Community Bancshares (NASDAQ:DCOM) Stock

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.

Wall Street Analyst Weigh In

DCOM has been the subject of several analyst reports. Stephens downgraded Dime Community Bancshares from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $36.00 to $34.50 in a research report on Monday, May 16th. Piper Sandler decreased their target price on Dime Community Bancshares from $40.00 to $37.00 and set an "overweight" rating for the company in a research report on Friday, June 3rd. Finally, Raymond James downgraded Dime Community Bancshares from a "strong-buy" rating to an "outperform" rating and reduced their price target for the company from $41.00 to $34.00 in a report on Thursday, July 7th.

Dime Community Bancshares Trading Up 0.4 %

Shares of DCOM opened at $34.50 on Friday. The company has a market capitalization of $1.33 billion, a P/E ratio of 9.91 and a beta of 1.08. Dime Community Bancshares has a one year low of $28.36 and a one year high of $38.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a 50-day moving average price of $31.39 and a 200 day moving average price of $32.62.

Dime Community Bancshares Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Friday, July 15th. Dime Community Bancshares's dividend payout ratio is currently 27.59%.

Insider Buying and Selling at Dime Community Bancshares

In other news, Director Raymond A. Nielsen acquired 1,798 shares of the business's stock in a transaction on 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 approximately $1,278,058.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Dime Community Bancshares news, Director Basswood Capital Management, L sold 45,094 shares of the company's stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $31.44, for a total transaction of $1,417,755.36. Following the sale, the director now owns 2,071,798 shares in the company, valued at $65,137,329.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Raymond A. Nielsen acquired 1,798 shares of the business's stock in a transaction on 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 purchase, the director now directly owns 37,392 shares of the company's stock, valued at $1,278,058.56. The disclosure for this purchase can be found here. Insiders have sold 133,091 shares of company stock worth $4,390,279 over the last quarter. 15.30% of the stock is owned by corporate insiders.

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DCOM Stock News Headlines

Short Volatility Alert: Dime Community Bancshares, Inc.
Where Dime Community Bancshares Stands With Analysts
Dime Community Bancshares declares $0.24 dividend
See More Headlines
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DCOM Company Calendar

Last Earnings
10/28/2021
Ex-Dividend for 7/25 Dividend
7/15/2022
Dividend Payable
7/25/2022
Today
8/19/2022
Next Earnings (Estimated)
11/04/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
Current Symbol
NASDAQ:DCOM
CUSIP
25392210
Employees
802
Year Founded
1864

Price Target and Rating

Average Stock Price Forecast
$35.17
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
+3.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$104 million
Pretax Margin
47.71%

Debt

Sales & Book Value

Annual Sales
$426.69 million
Cash Flow
$4.01 per share
Book Value
$26.53 per share

Miscellaneous

Free Float
32,692,000
Market Cap
$1.31 billion
Optionable
Optionable
Beta
1.08

Social Links


Key Executives

  • Mr. Kenneth J. Mahon (Age 71)
    Exec. Chairman
    Comp: $95.79k
  • Mr. Kevin M. O'Connor (Age 59)
    CEO & Director
    Comp: $6.86M
  • Mr. Stuart H. Lubow (Age 64)
    COO & Pres
    Comp: $2.72M
  • Mr. Avinash Reddy (Age 38)
    Sr. EVP & CFO
    Comp: $1.41M
  • Ms. Patricia M. Schaubeck Esq. (Age 61)
    Exec. VP, Gen. Counsel & Sec.
    Comp: $767.18k
  • Mr. Conrad J. Gunther Jr. (Age 76)
    Sr. EVP & Chief Lending Officer
    Comp: $1.35M
  • Ms. Leslie S. Veluswamy (Age 37)
    Sr. VP & Chief Accounting Officer
  • Mr. Michael J. Fegan (Age 56)
    Exec. VP and Chief Technology & Operations Officer
  • Ms. Julie Levy (Age 58)
    Exec. VP & Chief Marketing Officer
  • Mr. Austin Stonitsch (Age 66)
    Exec. VP & Chief HR Officer













DCOM Stock - Frequently Asked Questions

Should I buy or sell Dime Community Bancshares stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dime Community Bancshares in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DCOM shares.
View DCOM analyst ratings
or view top-rated stocks.

What is Dime Community Bancshares' stock price forecast for 2022?

3 analysts have issued 1 year price objectives for Dime Community Bancshares' stock. Their DCOM share price forecasts range from $34.00 to $37.00. On average, they predict the company's stock price to reach $35.17 in the next year. This suggests a possible upside of 1.9% from the stock's current price.
View analysts price targets for DCOM
or view top-rated stocks among Wall Street analysts.

How have DCOM shares performed in 2022?

Dime Community Bancshares' stock was trading at $35.16 at the beginning of the year. Since then, DCOM stock has decreased by 1.9% and is now trading at $34.50.
View the best growth stocks for 2022 here
.

When is Dime Community Bancshares' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
View our DCOM earnings forecast
.

How were Dime Community Bancshares' earnings last quarter?

Dime Community Bancshares, Inc. (NASDAQ:DCOM) issued its earnings results on Thursday, October, 28th. The savings and loans company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.81 by $0.08. The savings and loans company earned $104.56 million during the quarter, compared to analyst estimates of $100.18 million. Dime Community Bancshares had a trailing twelve-month return on equity of 14.63% and a net margin of 34.01%. During the same period in the previous year, the firm earned $0.77 earnings per share.

How often does Dime Community Bancshares pay dividends? What is the dividend yield for Dime Community Bancshares?

Dime Community Bancshares announced a quarterly dividend on Thursday, June 30th. Stockholders of record on Monday, July 18th will be given a dividend of $0.24 per share on Monday, July 25th. This represents a $0.96 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, July 15th.
Read our dividend analysis for DCOM
.

Is Dime Community Bancshares a good dividend stock?

Dime Community Bancshares (NASDAQ:DCOM) pays an annual dividend of $0.96 per share and currently has a dividend yield of 2.79%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 27.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DCOM will have a dividend payout ratio of 25.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DCOM.

What is Kenneth J. Mahon's approval rating as Dime Community Bancshares' CEO?

6 employees have rated Dime Community Bancshares Chief Executive Officer Kenneth J. Mahon on Glassdoor.com. Kenneth J. Mahon has an approval rating of 82% among the company's employees.

What other stocks do shareholders of Dime Community Bancshares own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Dime Community Bancshares investors own include Mondi (MNDI), Pfizer (PFE), Verizon Communications (VZ), Nektar Therapeutics (NKTR), AT&T (T), Wells Fargo & Company (WFC), AbbVie (ABBV), Bristol-Myers Squibb (BMY) and Chesapeake Energy (CHKAQ).

What is Dime Community Bancshares' stock symbol?

Dime Community Bancshares trades on the NASDAQ under the ticker symbol "DCOM."

Who are Dime Community Bancshares' major shareholders?

Dime Community Bancshares' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (8.33%), Basswood Capital Management L.L.C. (7.76%), State Street Corp (3.76%), William Blair Investment Management LLC (3.07%), Brown Advisory Inc. (1.95%) and Polaris Capital Management LLC (1.73%). Insiders that own company stock include Angela K Finlay, Avinash Reddy, Basswood Capital Management, L, Basswood Partners, LLC, Christopher J Porzelt, Kenneth J Mahon, Kevin Stein, Raymond A Nielsen, Rosemarie Chen, Steven D Cohn and Stuart H Lubow.
View institutional ownership trends
.

How do I buy shares of Dime Community Bancshares?

Shares of DCOM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Dime Community Bancshares' stock price today?

One share of DCOM stock can currently be purchased for approximately $34.50.

How much money does Dime Community Bancshares make?

Dime Community Bancshares (NASDAQ:DCOM) has a market capitalization of $1.33 billion and generates $426.69 million in revenue each year. The savings and loans company earns $104 million in net income (profit) each year or $3.48 on an earnings per share basis.

How many employees does Dime Community Bancshares have?

The company employs 802 workers across the globe.

When was Dime Community Bancshares founded?

Dime Community Bancshares was founded in 1864.

How can I contact Dime Community Bancshares?

Dime Community Bancshares' mailing address is 300 CADMAN PLAZA WEST 8TH FL, BROOKLYN NY, 11201. The official website for the company is www.dime.com. The savings and loans company can be reached via phone at (718) 782-6200, via email at areddy@dime.com, or via fax at 631-537-1835.

This page (NASDAQ:DCOM) was last updated on 8/19/2022 by MarketBeat.com Staff

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