News headlines about Dime Community Bancshares (NASDAQ:DCOM) have been trending somewhat positive on Friday, Accern Sentiment reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Dime Community Bancshares earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the savings and loans company an impact score of 46.9282633579864 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several research analysts have weighed in on the stock. BidaskClub lowered shares of Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. ValuEngine raised shares of Dime Community Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Piper Jaffray Companies lowered shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a research note on Friday, November 3rd. Barclays raised their price objective on shares of Dime Community Bancshares from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Wednesday, October 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $23.00 price objective on shares of Dime Community Bancshares in a research note on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $22.17.
Dime Community Bancshares (NASDAQ:DCOM) opened at $21.50 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.27. Dime Community Bancshares has a 12 month low of $18.35 and a 12 month high of $22.65. The company has a market cap of $804.59, a P/E ratio of 16.80 and a beta of 0.82.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.60%. The ex-dividend date was Friday, November 3rd. Dime Community Bancshares’s payout ratio is 56.00%.
In other news, insider Timothy B. King sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $22.50, for a total value of $112,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 7.30% of the company’s stock.
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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.
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