Dime Community Bancshares, Inc. (NASDAQ:DCOM) declared a quarterly dividend on Thursday, October 26th, RTT News reports. Stockholders of record on Monday, November 6th will be given a dividend of 0.14 per share by the savings and loans company on Monday, November 13th. This represents a $0.56 annualized dividend and a dividend yield of 2.56%.
Dime Community Bancshares (DCOM) remained flat at $21.90 during trading on Thursday. 53,515 shares of the company’s stock traded hands. The firm has a market capitalization of $820.07 million, a PE ratio of 23.96 and a beta of 0.82. Dime Community Bancshares has a one year low of $16.10 and a one year high of $22.48. The company has a 50 day moving average of $20.80 and a 200-day moving average of $20.07.
Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings results on Thursday, July 27th. The savings and loans company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The business had revenue of $39.80 million during the quarter. Dime Community Bancshares had a net margin of 16.23% and a return on equity of 8.04%. On average, equities analysts forecast that Dime Community Bancshares will post $1.27 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on DCOM shares. ValuEngine raised shares of Dime Community Bancshares from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $22.00 price target on shares of Dime Community Bancshares in a research report on Thursday, August 31st. BidaskClub cut shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Barclays PLC increased their price target on shares of Dime Community Bancshares from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Dime Community Bancshares has a consensus rating of “Hold” and a consensus price target of $22.17.
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.