Dime Community BancsharesDCOM
DCOM
About: Dime Community Bancshares Inc operates as a holding company. It gathers deposits from customers within its market area and via the internet and invests them in multifamily residential, commercial real estate, commercial and industrial (C&I) loans, and one-to-four family residential real estate loans, as well as mortgage-backed securities, obligations of the U.S. government and government- sponsored enterprises (GSEs), and corporate debt and equity securities.
Employees: 851
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 12
45% more capital invested
Capital invested by funds: $617M [Q2] → $894M (+$277M) [Q3]
8% more funds holding
Funds holding: 157 [Q2] → 169 (+12) [Q3]
1.7% more ownership
Funds ownership: 77.6% [Q2] → 79.3% (+1.7%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
7% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 59
85% less call options, than puts
Call options by funds: $1.01M | Put options by funds: $6.91M
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$36
15%
upside
Avg. target
$39
24%
upside
High target
$42
34%
upside
3 analyst ratings
3 positive
100%
0 neutral
0%
0 negative
0%
Keefe, Bruyette & Woods Christopher O'Connell 70% 1-year accuracy 16 / 23 met price target | 34%upside $42 | Outperform Maintained | 4 Dec 2024 |
Stephens & Co. Matt Breese 80% 1-year accuracy 4 / 5 met price target | 24%upside $39 | Overweight Upgraded | 18 Nov 2024 |
Raymond James William Wallace 80% 1-year accuracy 4 / 5 met price target | 15%upside $36 | Strong Buy Maintained | 2 Oct 2024 |
Financial journalist opinion
Based on 3 articles about DCOM published over the past 30 days
Neutral
GlobeNewsWire
2 days ago
Dime Community Bancshares, Inc. Announces Retirement of Michael P. Devine from Board of Directors
HAUPPAUGE, N.Y., Dec. 20, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced today that Michael P.
Neutral
GlobeNewsWire
5 days ago
Dime Community Bancshares Declares Quarterly Cash Dividend for Common Stock
HAUPPAUGE, N.Y., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of Common Stock, payable on January 24, 2025 to common stockholders of record as of January 17, 2025.
Neutral
GlobeNewsWire
1 week ago
Dime Community Bancshares, Inc. Provides Update on Investment Portfolio Repositioning and Pension Termination
HAUPPAUGE, N.Y., Dec. 12, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), today announced the completion of a repositioning of its available-for-sale investment securities portfolio.
Negative
Seeking Alpha
1 month ago
Dime Community Bancshares: Consider Shifting From Baby Bonds To Preferred Shares
Dime Community Bancshares has seen significant improvements in net interest income due to 6% year-over-year deposit growth. DCOM's loan to deposit ratio has moderated to 95%, reducing external borrowing and lowering future borrowing costs. Risks include high loan concentration in multifamily lending and non-owner-occupied commercial real estate, with an inadequate allowance for credit losses.
Neutral
GlobeNewsWire
1 month ago
Dime Community Bancshares Announces Closing of Common Stock Offering
HAUPPAUGE, N.Y., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (“Dime” or the “Company”), the parent company of Dime Community Bank, announced the closing of its public offering of 4,492,187 shares of its common stock, $0.01 par value (the “Common Stock”), at a public offering price of $32.00 per share, which included 585,937 shares issued upon the exercise in full by the underwriters of their option to purchase additional shares of common stock.
Neutral
GlobeNewsWire
1 month ago
Dime Community Bancshares Announces Pricing of Common Stock Offering
HAUPPAUGE, N.Y., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM) (“Dime” or the “Company”), the parent company of Dime Community Bank, announced the pricing of a public offering of 3,906,250 shares of its common stock, $0.01 par value (the “Common Stock”), at a public offering price of $32.00 per share, for aggregate gross proceeds of $125 million.
Neutral
GlobeNewsWire
1 month ago
Dime Community Bancshares Declares Quarterly Cash Dividend for Series A Preferred Stock
HAUPPAUGE, N.Y., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (Nasdaq: DCOM, DCOMP and DCOMG) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.34375 per share on the Company's 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on November 15, 2024 to holders of record as of November 8, 2024.
Neutral
Seeking Alpha
2 months ago
Dime Community Bancshares Inc (DCOM) Q3 2024 Earnings Call Transcript
Dime Community Bancshares Inc (NASDAQ:DCOM ) Q3 2023 Results Conference Call October 22, 2024 9:00 AM ET Company Participants Stuart Lubow - President and CEO Avi Reddy - CFO Conference Call Participants Steve Moss - Raymond James Manuel Navas - D.A. Davidson Mark Fitzgibbon - Piper Sandler Matthew Breese - Stephens Inc Christopher O'Connell - Keefe, Bruette and Woods Operator Good day, and thank you for standing by.
Positive
Zacks Investment Research
2 months ago
Dime Community (DCOM) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Dime Community (DCOM) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Negative
Zacks Investment Research
2 months ago
Dime Community (DCOM) Q3 Earnings Lag Estimates
Dime Community (DCOM) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.56 per share a year ago.
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