News stories about Dime Community Bancshares (NASDAQ:DCOM) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dime Community Bancshares earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the savings and loans company an impact score of 45.9112039942119 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of research firms have recently issued reports on DCOM. BidaskClub raised shares of Dime Community Bancshares from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 6th. ValuEngine downgraded shares of Dime Community Bancshares from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $21.50 price objective on shares of Dime Community Bancshares in a report on Tuesday, January 30th. Sandler O’Neill reaffirmed a “buy” rating and set a $23.00 price objective on shares of Dime Community Bancshares in a report on Friday, January 26th. Finally, Barclays boosted their price target on shares of Dime Community Bancshares from $21.00 to $22.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Dime Community Bancshares has a consensus rating of “Hold” and a consensus target price of $22.25.
Shares of Dime Community Bancshares (NASDAQ:DCOM) opened at $18.65 on Friday. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.31 and a quick ratio of 1.40. The firm has a market cap of $694.12, a price-to-earnings ratio of 13.42 and a beta of 0.72. Dime Community Bancshares has a one year low of $17.95 and a one year high of $22.65.
Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings results on Thursday, January 25th. The savings and loans company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $52.44 million during the quarter. Dime Community Bancshares had a net margin of 22.21% and a return on equity of 8.30%. equities analysts anticipate that Dime Community Bancshares will post 1.45 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 3.00%. The ex-dividend date was Monday, February 5th. Dime Community Bancshares’s dividend payout ratio is presently 40.29%.
In other Dime Community Bancshares news, insider Timothy B. King sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $22.50, for a total value of $112,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Steven D. Cohn sold 10,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $19.21, for a total transaction of $192,100.00. Following the completion of the transaction, the director now owns 81,990 shares in the company, valued at approximately $1,575,027.90. The disclosure for this sale can be found here. Insiders acquired 3,800 shares of company stock valued at $72,735 over the last three months. 7.30% of the stock is currently owned by insiders.
About Dime Community Bancshares
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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