Dime Community Bancshares (NASDAQ:DCOM) Given New $39.00 Price Target at DA Davidson

Dime Community Bancshares (NASDAQ:DCOM) had its target price upped by DA Davidson from $37.00 to $39.00 in a report released on Thursday morning, Marketbeat.com reports. DA Davidson currently has a buy rating on the savings and loans company’s stock.

A number of other research firms have also recently weighed in on DCOM. Weiss Ratings restated a “hold (c)” rating on shares of Dime Community Bancshares in a research note on Wednesday, October 8th. Stephens set a $33.00 price target on Dime Community Bancshares and gave the company an “equal weight” rating in a report on Tuesday, December 16th. Keefe, Bruyette & Woods upped their price objective on Dime Community Bancshares from $34.00 to $40.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Zacks Research raised Dime Community Bancshares from a “strong sell” rating to a “hold” rating in a research note on Monday, December 22nd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Dime Community Bancshares currently has an average rating of “Hold” and an average target price of $37.33.

Dime Community Bancshares Trading Up 3.5%

Shares of NASDAQ:DCOM opened at $33.87 on Thursday. The stock has a 50 day moving average of $29.92 and a 200 day moving average of $29.30. The company has a market cap of $1.49 billion, a PE ratio of 14.35 and a beta of 1.11. The company has a current ratio of 1.02, a quick ratio of 1.03 and a debt-to-equity ratio of 0.57. Dime Community Bancshares has a 12-month low of $23.25 and a 12-month high of $34.86.

Dime Community Bancshares (NASDAQ:DCOM) last released its earnings results on Wednesday, January 21st. The savings and loans company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.09. Dime Community Bancshares had a net margin of 15.15% and a return on equity of 9.12%. The company had revenue of $123.85 million for the quarter, compared to analysts’ expectations of $118.14 million. During the same quarter last year, the business earned $0.42 EPS. As a group, equities research analysts expect that Dime Community Bancshares will post 3.06 EPS for the current year.

Dime Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 16th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, January 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.0%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 87.72%.

Insider Activity

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 2,200 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $26.29, for a total transaction of $57,838.00. Following the completion of the transaction, the director owned 33,985 shares in the company, valued at $893,465.65. This trade represents a 6.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Basswood Capital Management, L acquired 20,537 shares of Dime Community Bancshares stock in a transaction on Tuesday, November 4th. The stock was purchased at an average cost of $26.26 per share, for a total transaction of $539,301.62. Following the purchase, the director owned 1,034,158 shares in the company, valued at approximately $27,156,989.08. The trade was a 2.03% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 4,695 shares of company stock worth $125,809 over the last ninety days. Insiders own 7.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wellington Management Group LLP raised its stake in Dime Community Bancshares by 32.7% during the third quarter. Wellington Management Group LLP now owns 3,406,229 shares of the savings and loans company’s stock valued at $101,608,000 after purchasing an additional 839,183 shares in the last quarter. Systematic Financial Management LP grew its stake in shares of Dime Community Bancshares by 2.3% in the 2nd quarter. Systematic Financial Management LP now owns 1,228,999 shares of the savings and loans company’s stock worth $33,109,000 after buying an additional 27,463 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of Dime Community Bancshares by 13.1% in the 2nd quarter. Brown Advisory Inc. now owns 1,129,067 shares of the savings and loans company’s stock worth $30,417,000 after buying an additional 131,087 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Dime Community Bancshares by 0.5% during the 2nd quarter. Geode Capital Management LLC now owns 978,630 shares of the savings and loans company’s stock valued at $26,367,000 after buying an additional 4,827 shares in the last quarter. Finally, Penn Capital Management Company LLC lifted its holdings in shares of Dime Community Bancshares by 20.3% in the 3rd quarter. Penn Capital Management Company LLC now owns 584,810 shares of the savings and loans company’s stock valued at $17,487,000 after acquiring an additional 98,736 shares during the last quarter. 75.27% of the stock is owned by hedge funds and other institutional investors.

More Dime Community Bancshares News

Here are the key news stories impacting Dime Community Bancshares this week:

• Positive Sentiment: Q4 results beat expectations — adjusted diluted EPS of $0.79, record quarterly revenue (~$124M), strong year-over-year turnaround in net income and meaningful core deposit and business loan growth. Management highlighted a sizable loan-repricing opportunity through 2027 and improved asset quality. Dime Community Bancshares Inc Reports Strong Fourth Quarter Results
• Positive Sentiment: Analysts lifted targets and reiterated buys — Keefe, Bruyette & Woods raised its target to $40 (outperform) and DA Davidson raised its target to $39 (buy), signaling continued analyst confidence and providing near-term upside vs. the prior price. DA Davidson price target raise (coverage)
• Positive Sentiment: Operational improvements — net interest margin expanded to ~3.11% and the adjusted efficiency ratio improved to ~50.3% (Q4), suggesting sustainable NII and cost control tailwinds if management executes. These dynamics support earnings momentum. Dime Q4 results and metrics
• Neutral Sentiment: Quarterly preferred dividend declared for Series A ($0.34375/share) — routine cash dividend for preferred holders; limited direct impact on common-share valuation but confirms commitment to preferred investors. Dime Declares Quarterly Cash Dividend for Series A Preferred Stock
• Neutral Sentiment: Positive coverage and deep-dive pieces discuss valuation after the share rally — useful for assessing whether current price reflects the improved fundamentals or already discounts them. (See Yahoo/finance coverage.) DCOM Q4 Deep Dive: Organic Growth and Deposit Gains
• Negative Sentiment: Rising operating costs and higher provisions — non-interest expense increased year-over-year (adjusted costs still higher vs. some prior periods) and the provision for credit losses remained material; these could pressure future margins if expense growth continues or credit stress re-emerges. Dime Q4 expense and provision details
• Negative Sentiment: CRE concentration remains elevated despite improvements — the consolidated CRE concentration ratio was reduced but still high (~387%), a point investors will watch given commercial real estate risks. CRE concentration and credit quality discussion
• Negative Sentiment: Recent insider selling activity noted — disclosures show insider sales in the past six months, which can be a cautionary signal for some investors (offset by institutional buying in recent quarters). Quiver/insider & institutional activity

About Dime Community Bancshares

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.