Dime Community Bancshares (NASDAQ:DCOM) Price Target Raised to $39.00 at DA Davidson

by · The Markets Daily

Dime Community Bancshares (NASDAQ:DCOMGet Free Report) had its target price lifted by investment analysts at DA Davidson from $37.00 to $39.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the savings and loans company’s stock. DA Davidson’s target price would indicate a potential upside of 13.70% from the stock’s previous close.

A number of other research firms have also commented on DCOM. Keefe, Bruyette & Woods lifted their price objective on Dime Community Bancshares from $34.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday. Zacks Research raised Dime Community Bancshares from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Stephens set a $33.00 price objective on Dime Community Bancshares and gave the company an “equal weight” rating in a research report on Tuesday, December 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Dime Community Bancshares in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $37.50.

Read Our Latest Stock Report on DCOM

Dime Community Bancshares Stock Up 4.8%

Shares of DCOM traded up $1.58 during trading hours on Thursday, hitting $34.30. 120,179 shares of the company were exchanged, compared to its average volume of 320,214. The firm’s 50 day moving average is $29.78 and its 200-day moving average is $29.27. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.03. Dime Community Bancshares has a 52 week low of $23.25 and a 52 week high of $34.86. The company has a market cap of $1.51 billion, a PE ratio of 30.11 and a beta of 1.11.

Dime Community Bancshares (NASDAQ:DCOMGet Free Report) last announced its quarterly earnings results on Wednesday, January 21st. The savings and loans company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.70 by $0.09. The company had revenue of $123.85 million for the quarter, compared to the consensus estimate of $118.14 million. Dime Community Bancshares had a return on equity of 7.81% and a net margin of 8.72%.During the same quarter last year, the company posted $0.42 earnings per share. On average, equities research analysts forecast that Dime Community Bancshares will post 3.06 EPS for the current fiscal year.

Insider Buying and Selling at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L purchased 20,537 shares of the firm’s stock in a transaction on Tuesday, November 4th. The shares were purchased at an average price of $26.26 per share, for a total transaction of $539,301.62. Following the completion of the purchase, the director directly owned 1,034,158 shares of the company’s stock, valued at approximately $27,156,989.08. This represents a 2.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raymond A. Nielsen sold 2,200 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $26.29, for a total transaction of $57,838.00. Following the completion of the sale, the director directly owned 33,985 shares in the company, valued at $893,465.65. This trade represents a 6.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 4,695 shares of company stock valued at $125,809. 7.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DCOM. Wellington Management Group LLP boosted its holdings in Dime Community Bancshares by 32.7% during the third quarter. Wellington Management Group LLP now owns 3,406,229 shares of the savings and loans company’s stock valued at $101,608,000 after purchasing an additional 839,183 shares in the last quarter. CSM Advisors LLC acquired a new position in shares of Dime Community Bancshares in the 2nd quarter worth approximately $6,302,000. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Dime Community Bancshares by 97.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 432,464 shares of the savings and loans company’s stock worth $12,900,000 after buying an additional 212,934 shares during the period. Bank of America Corp DE boosted its stake in Dime Community Bancshares by 271.4% in the 3rd quarter. Bank of America Corp DE now owns 266,005 shares of the savings and loans company’s stock valued at $7,935,000 after buying an additional 194,383 shares in the last quarter. Finally, Brown Advisory Inc. grew its position in Dime Community Bancshares by 13.1% in the second quarter. Brown Advisory Inc. now owns 1,129,067 shares of the savings and loans company’s stock valued at $30,417,000 after acquiring an additional 131,087 shares during the period. Institutional investors and hedge funds own 75.27% of the company’s stock.

More Dime Community Bancshares News

Here are the key news stories impacting Dime Community Bancshares this week:

  • Positive Sentiment: Q4 results: DCOM beat EPS and revenue expectations, reported record quarterly revenue (~$124M), sharp year-over-year improvement in adjusted EPS to $0.79, and strong core deposit and business-loan growth — a primary driver of the rally. GlobeNewswire: Q4 Results
  • Positive Sentiment: Analyst upgrade & price-target lift: Keefe, Bruyette & Woods raised its price target to $40 and kept an Outperform rating, pointing to further upside and validating the quarter’s momentum. This upgrade likely attracted fresh buy-side interest. Benzinga: KBW Price Target Raise
  • Positive Sentiment: Management commentary and outlook: Management highlighted NIM expansion, a target sub-50% efficiency ratio, proactive CRE concentration reduction, strong liquidity (~$2.35B cash), and a multi-year loan repricing opportunity through 2027 — all supportive of higher future earnings. MSN: Management Targets
  • Neutral Sentiment: Analyses and deep dives: Several outlets published valuation and deep-dive pieces (Yahoo Finance, Zacks) assessing whether recent momentum leaves DCOM fairly valued — useful for investors sizing positions after the run. Yahoo: Q4 Deep Dive
  • Neutral Sentiment: Earnings call/transcript access: Full earnings call transcripts and highlights are available — helpful for hearing management Q&A on credit trends, deposit stickiness and capital deployment. Seeking Alpha: Earnings Call Transcript
  • Negative Sentiment: Expense & non‑interest income dynamics: Non‑interest income softened vs. prior periods and adjusted non‑interest expense rose, which tempers margin of safety if revenue growth slows — watch operating expense trends and fee income recovery. QuiverQuant: Q4 Release Summary
  • Negative Sentiment: Credit and insider signals to monitor: Provision and net charge-offs ticked during the quarter and there is reported insider selling activity in recent months — keep an eye on NPL trends and insider transactions for signs of stress or management conviction. QuiverQuant: Insider & Credit Data

Dime Community Bancshares Company Profile

(Get Free Report)

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.

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