Keefe, Bruyette & Woods Reiterates “Outperform” Rating for Dime Community Bancshares (NASDAQ:DCOM)

Dime Community Bancshares (NASDAQ:DCOM)‘s stock had its “outperform” rating restated by analysts at Keefe, Bruyette & Woods in a note issued to investors on Friday, Benzinga reports. They presently have a $25.50 price target on the savings and loans company’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 25.00% from the stock’s current price.

Other analysts also recently issued research reports about the stock. StockNews.com raised shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. Raymond James decreased their price objective on shares of Dime Community Bancshares from $30.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday, March 13th. Finally, DA Davidson reissued a “buy” rating and issued a $28.00 price objective on shares of Dime Community Bancshares in a research note on Thursday, March 14th.

Dime Community Bancshares Stock Up 1.8 %

Shares of NASDAQ:DCOM opened at $20.40 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.87. Dime Community Bancshares has a 12 month low of $17.17 and a 12 month high of $27.91. The company has a 50-day moving average price of $18.97 and a 200 day moving average price of $20.60. The company has a market cap of $794.99 million, a price-to-earnings ratio of 11.46 and a beta of 1.00.

Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings data on Tuesday, April 23rd. The savings and loans company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.01. The business had revenue of $82.00 million during the quarter, compared to the consensus estimate of $80.15 million. Dime Community Bancshares had a net margin of 11.46% and a return on equity of 7.76%. As a group, equities research analysts predict that Dime Community Bancshares will post 1.65 earnings per share for the current year.

Hedge Funds Weigh In On Dime Community Bancshares

A number of institutional investors have recently modified their holdings of the stock. Boston Partners increased its position in shares of Dime Community Bancshares by 4.8% during the first quarter. Boston Partners now owns 693,457 shares of the savings and loans company’s stock worth $13,334,000 after acquiring an additional 31,853 shares during the period. EMC Capital Management increased its holdings in Dime Community Bancshares by 42.2% during the first quarter. EMC Capital Management now owns 9,861 shares of the savings and loans company’s stock valued at $190,000 after buying an additional 2,924 shares during the period. Caxton Associates LP increased its holdings in Dime Community Bancshares by 87.0% during the first quarter. Caxton Associates LP now owns 22,115 shares of the savings and loans company’s stock valued at $426,000 after buying an additional 10,287 shares during the period. Stieven Capital Advisors L.P. purchased a new position in Dime Community Bancshares during the first quarter valued at approximately $4,702,000. Finally, Vanguard Group Inc. increased its holdings in Dime Community Bancshares by 0.8% during the first quarter. Vanguard Group Inc. now owns 2,479,855 shares of the savings and loans company’s stock valued at $47,762,000 after buying an additional 19,999 shares during the period. 75.27% of the stock is 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 engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans.