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NASDAQ:DCOM

Dime Community Bancshares - DCOM Stock Forecast, Price & News

$34.34
+0.02 (+0.06%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$34.24
$34.86
50-Day Range
$28.73
$34.47
52-Week Range
$28.36
$38.35
Volume
83,258 shs
Average Volume
146,747 shs
Market Capitalization
$1.35 billion
P/E Ratio
9.87
Dividend Yield
2.80%
Price Target
$35.17

Dime Community Bancshares MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
2.4% Upside
$35.17 Price Target
Short Interest
Healthy
4.69% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.81mentions of Dime Community Bancshares in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$5.24 M Sold Last Quarter
Proj. Earnings Growth
8.45%
From $3.55 to $3.85 Per Share

Overall MarketRank

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

2.37 out of 5 stars

Finance Sector

444th out of 920 stocks

National Commercial Banks Industry

53rd out of 89 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.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Stephens cut Dime Community Bancshares from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $36.00 to $34.50 in a research report on Monday, May 16th. Raymond James cut 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 research report on Thursday, July 7th. Finally, Piper Sandler dropped their price objective on Dime Community Bancshares from $40.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, June 3rd.

Dime Community Bancshares Price Performance

NASDAQ:DCOM opened at $34.32 on Thursday. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.86 and a beta of 1.08. Dime Community Bancshares has a 52-week low of $28.36 and a 52-week high of $38.35. The stock has a fifty day moving average of $30.95 and a 200 day moving average of $32.66. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.93 and a current ratio of 0.94.

Dime Community Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 25th. Shareholders of record on Monday, July 18th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Friday, July 15th. Dime Community Bancshares's dividend payout ratio (DPR) is currently 27.59%.

Insiders Place Their Bets

In other Dime Community Bancshares news, 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 transaction of $731,250.00. Following the completion of the sale, the director now owns 69,545 shares of the company's stock, valued at $2,034,191.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Raymond A. Nielsen bought 1,798 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was bought at an average price of $34.18 per share, with a total value of $61,455.64. Following the purchase, the director now owns 37,392 shares in the company, valued at approximately $1,278,058.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Basswood Capital Management, L sold 25,000 shares of the business's stock in a transaction dated 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 approximately $2,034,191.25. The disclosure for this sale can be found here. Insiders sold a total of 122,237 shares of company stock valued at $3,748,558 over the last 90 days. Insiders own 15.30% of the company's stock.

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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
8/11/2022
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
+2.4%
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
$4.14 per share
Book Value
$26.53 per share

Miscellaneous

Free Float
33,240,000
Market Cap
$1.35 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 equities research 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 equities research 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 Wall Street research analysts have issued 12 month target prices for Dime Community Bancshares' stock. Their DCOM share price forecasts range from $34.00 to $37.00. On average, they expect the company's share 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 2022. Since then, DCOM stock has decreased by 1.8% and is now trading at $34.51.
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) released its quarterly earnings results on Thursday, October, 28th. The savings and loans company reported $0.89 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.08. The savings and loans company had revenue of $104.56 million for the quarter, compared to the consensus estimate of $100.18 million. Dime Community Bancshares had a net margin of 34.01% and a trailing twelve-month return on equity of 14.63%. During the same quarter in the prior year, the company 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 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date 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 2.84%. 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 24.94% 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), Primo Water (PRMW), 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 many different retail and institutional investors. Top institutional shareholders include William Blair Investment Management LLC (3.07%), Brown Advisory Inc. (1.95%), Polaris Capital Management LLC (1.73%), Principal Financial Group Inc. (0.57%), Capital Management Corp VA (0.52%) and Mutual of America Capital Management LLC (0.29%). 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 $34.51.

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 8/12/2022 by MarketBeat.com Staff

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