Brokerages Set Dime Community Bancshares, Inc. (NASDAQ:DCOM) PT at $39.75

Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $39.75.

A number of equities analysts recently weighed in on DCOM shares. Wall Street Zen lowered shares of Dime Community Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. DA Davidson upped their target price on shares of Dime Community Bancshares from $39.00 to $43.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Weiss Ratings raised shares of Dime Community Bancshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 9th. Piper Sandler started coverage on shares of Dime Community Bancshares in a research note on Monday, March 16th. They issued an “overweight” rating and a $37.00 target price for the company. Finally, Keefe, Bruyette & Woods upped their target price on shares of Dime Community Bancshares from $40.00 to $43.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th.

Insider Activity at Dime Community Bancshares

In other news, Director Raymond A. Nielsen sold 1,650 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $37.09, for a total transaction of $61,198.50. Following the completion of the transaction, the director directly owned 35,607 shares in the company, valued at $1,320,663.63. This represents a 4.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 7.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dime Community Bancshares

Large investors have recently modified their holdings of the business. Hilton Head Capital Partners LLC acquired a new position in shares of Dime Community Bancshares during the 4th quarter worth about $28,000. Larson Financial Group LLC boosted its stake in shares of Dime Community Bancshares by 742.9% during the 3rd quarter. Larson Financial Group LLC now owns 1,003 shares of the savings and loans company’s stock worth $30,000 after buying an additional 884 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in shares of Dime Community Bancshares during the 3rd quarter worth about $169,000. Tower Research Capital LLC TRC boosted its stake in shares of Dime Community Bancshares by 326.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,808 shares of the savings and loans company’s stock worth $156,000 after buying an additional 4,446 shares during the last quarter. Finally, Maryland State Retirement & Pension System acquired a new position in shares of Dime Community Bancshares during the 1st quarter worth about $202,000. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Dime Community Bancshares Price Performance

Shares of NASDAQ DCOM opened at $38.92 on Wednesday. The firm has a market cap of $1.72 billion, a PE ratio of 16.49 and a beta of 1.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.57. Dime Community Bancshares has a 1-year low of $25.63 and a 1-year high of $39.31. The company has a fifty day moving average price of $36.31 and a 200 day moving average price of $33.46.

Dime Community Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 17th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, April 17th. Dime Community Bancshares’s dividend payout ratio is currently 37.59%.

About Dime Community Bancshares

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.