Dime Community Bancshares (DCOM) Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dime Community Bancshares in the last twelve months. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DCOM shares.
View DCOM analyst ratings or view top-rated stocks.

4 Wall Street analysts have issued twelve-month price objectives for Dime Community Bancshares' shares. Their DCOM share price forecasts range from $23.00 to $35.00. On average, they expect the company's stock price to reach $29.25 in the next year. This suggests a possible upside of 72.3% from the stock's current price.
View analysts price targets for DCOM or view top-rated stocks among Wall Street analysts.

Dime Community Bancshares' stock was trading at $31.83 at the beginning of 2023. Since then, DCOM stock has decreased by 46.7% and is now trading at $16.98.
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Dime Community Bancshares saw a increase in short interest in April. As of April 30th, there was short interest totaling 1,810,000 shares, an increase of 16.0% from the April 15th total of 1,560,000 shares. Based on an average trading volume of 201,200 shares, the days-to-cover ratio is presently 9.0 days.
View Dime Community Bancshares' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
View our DCOM earnings forecast.

Dime Community Bancshares, Inc. (NASDAQ:DCOM) issued its quarterly earnings results on Thursday, October, 28th. The savings and loans company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.08. The savings and loans company earned $104.56 million during the quarter, compared to the consensus estimate of $100.18 million. Dime Community Bancshares had a trailing twelve-month return on equity of 15.14% and a net margin of 29.53%. During the same period in the previous year, the company earned $0.77 earnings per share.

Dime Community Bancshares announced a quarterly dividend on Thursday, March 9th. Shareholders of record on Monday, April 17th will be paid a dividend of $0.25 per share on Monday, April 24th. This represents a $1.00 annualized dividend and a dividend yield of 5.89%. The ex-dividend date is Friday, April 14th. This is an increase from the stock's previous quarterly dividend of $0.24.
Read our dividend analysis for DCOM.

ETFs with the largest weight of Dime Community Bancshares (NASDAQ:DCOM) stock in their portfolio include Invesco S&P SmallCap Low Volatility ETF (XSLV), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Invesco S&P SmallCap Financials ETF (PSCF), First Trust Small Cap Value AlphaDEX Fund (FYT), VictoryShares US Discovery Enhanced Volatility Wtd ETF (CSF) and Vanguard U.S. Quality Factor ETF (VFQY).

Dime Community Bancshares (NASDAQ:DCOM) pays an annual dividend of $1.00 per share and currently has a dividend yield of 5.74%. DCOM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 26.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DCOM will have a dividend payout ratio of 33.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DCOM.

6 employees have rated Dime Community Bancshares Chief Executive Officer Kenneth J. Mahon on Glassdoor.com. Kenneth J. Mahon has an approval rating of 82% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Dime Community Bancshares investors own include Mondi (MNDI), Pfizer (PFE), Verizon Communications (VZ), Nektar Therapeutics (NKTR), Primo Water (PRMW), AT&T (T), Wells Fargo & Company (WFC), AbbVie (ABBV), Bristol-Myers Squibb (BMY) and Chesapeake Energy (CHKAQ).

Dime Community Bancshares trades on the NASDAQ under the ticker symbol "DCOM."

Dime Community Bancshares' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.61%), Dimensional Fund Advisors LP (6.77%), Basswood Capital Management L.L.C. (5.23%), State Street Corp (3.37%), William Blair Investment Management LLC (2.92%) and Brown Advisory Inc. (1.92%). Insiders that own company stock include Basswood Capital Management, L, Basswood Partners, LLC, Christopher J Porzelt, Kenneth J Mahon, Paul M Aguggia and Raymond A Nielsen.
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Shares of DCOM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DCOM stock can currently be purchased for approximately $16.98.

Dime Community Bancshares (NASDAQ:DCOM) has a market capitalization of $658.99 million and generates $477.38 million in revenue each year. The savings and loans company earns $152.56 million in net income (profit) each year or $3.83 on an earnings per share basis.

The company employs 802 workers across the globe.

Dime Community Bancshares' mailing address is 300 CADMAN PLAZA WEST 8TH FL, BROOKLYN NY, 11201. The official website for the company is www.dime.com. The savings and loans company can be reached via phone at (718) 782-6200, via email at areddy@dime.com, or via fax at 631-537-1835.