Dime Community Bancshares (NASDAQ:DCOM) Cut to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Dime Community Bancshares (NASDAQ:DCOM) from a hold rating to a sell rating in a report issued on Monday, Zacks.com reports.

According to Zacks, “Dime Community Bancshares, Inc. is the holding company The Dime Savings Bank of Williamsburgh. “

Other equities analysts also recently issued reports about the company. ValuEngine raised Dime Community Bancshares from a sell rating to a hold rating in a research report on Saturday, December 21st. BidaskClub cut shares of Dime Community Bancshares from a buy rating to a hold rating in a research report on Wednesday, January 8th. Stephens assumed coverage on shares of Dime Community Bancshares in a research note on Monday, October 28th. They set an equal weight rating and a $23.00 target price on the stock. TheStreet downgraded shares of Dime Community Bancshares from a b rating to a c+ rating in a research note on Thursday, October 31st. Finally, Raymond James started coverage on shares of Dime Community Bancshares in a research note on Thursday, December 19th. They issued an outperform rating and a $24.00 price target for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $22.50.

Shares of DCOM stock traded up $0.30 on Monday, hitting $20.29. The stock had a trading volume of 400 shares, compared to its average volume of 139,162. Dime Community Bancshares has a one year low of $17.20 and a one year high of $22.50. The business has a 50 day moving average price of $20.38 and a 200 day moving average price of $20.25. The company has a market cap of $714.27 million, a PE ratio of 15.03 and a beta of 0.88. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.10.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings results on Thursday, October 24th. The savings and loans company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.22). The firm had revenue of $39.56 million for the quarter. Dime Community Bancshares had a net margin of 16.92% and a return on equity of 6.84%. Equities research analysts expect that Dime Community Bancshares will post 1.15 EPS for the current year.

In other news, EVP Stuart H. Lubow bought 6,500 shares of Dime Community Bancshares stock in a transaction that occurred on Tuesday, October 29th. The shares were purchased at an average price of $19.22 per share, with a total value of $124,930.00. Following the completion of the acquisition, the executive vice president now directly owns 18,980 shares in the company, valued at $364,795.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders purchased 8,000 shares of company stock worth $153,295. 7.80% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. HM Payson & Co. purchased a new stake in Dime Community Bancshares during the 2nd quarter valued at approximately $28,000. Bank of Montreal Can increased its stake in Dime Community Bancshares by 86.7% in the 2nd quarter. Bank of Montreal Can now owns 5,922 shares of the savings and loans company’s stock valued at $113,000 after purchasing an additional 2,750 shares in the last quarter. Denali Advisors LLC purchased a new position in Dime Community Bancshares in the 3rd quarter valued at approximately $122,000. Campbell & CO Investment Adviser LLC purchased a new position in Dime Community Bancshares in the 3rd quarter valued at approximately $209,000. Finally, A.R.T. Advisors LLC purchased a new position in Dime Community Bancshares in the 2nd quarter valued at approximately $224,000. 72.68% of the stock is currently owned by hedge funds and other institutional investors.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. It offers deposit products, such as savings, money market, and interest bearing and non-interest bearing checking accounts, as well as certificates of deposit.

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