Dime Community Bancshares Inc (DCOM) stock expected to rise by 3.81%: What’s driving the optimism?

A share price of Dime Community Bancshares Inc [DCOM] is currently trading at $26.01, up 0.93%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The DCOM shares have gain 3.63% over the last week, with a monthly amount glided 10.03%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Dime Community Bancshares Inc [NASDAQ: DCOM] stock has seen the most recent analyst activity on July 23, 2024, when Piper Sandler downgraded its rating to a Neutral and also boosted its price target to $26 from $23. On July 07, 2022, downgrade downgraded it’s rating to Outperform and revised its price target to $34 on the stock. Stephens downgraded its rating to a Equal-Weight and decreased its price target to $34.50 on May 16, 2022. Stephens upgraded its rating to Overweight for this stock on May 10, 2021, and upped its price target to $38.50. In a note dated April 06, 2021, Raymond James upgraded an Strong Buy rating on this stock and boosted its target price from $17 to $43.

Dime Community Bancshares Inc experienced fluctuations in its stock price throughout the past year between $17.29 and $27.91. Currently, Wall Street analysts expect the stock to reach $27 within the next 12 months. Dime Community Bancshares Inc [NASDAQ: DCOM] shares were valued at $26.01 at the most recent close of the market. An investor can expect a potential return of 3.81% based on the average DCOM price forecast.

Analyzing the DCOM fundamentals

Trailing Twelve Months sales for Dime Community Bancshares Inc [NASDAQ:DCOM] were 673.10M which represents 6.30% growth. Gross Profit Margin for this corporation currently stands at 1.11% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.05 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.72.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.67 points at the first support level, and at 25.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.23, and for the 2nd resistance point, it is at 26.44.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Dime Community Bancshares Inc [NASDAQ:DCOM] is 0.13. Considering the valuation of this stock, the price to sales ratio is 1.51, the price to book ratio is 0.90 and price to earnings (TTM) ratio is 16.87.

Transactions by insiders

Recent insider trading involved BASSWOOD CAPITAL MANAGEMENT, L, Director-by-Deputization, that happened on Jan 31 ’24 when 27068.0 shares were purchased. Director-by-Deputization, BASSWOOD CAPITAL MANAGEMENT, L completed a deal on Jan 31 ’24 to sell 27068.0 shares. Meanwhile, President & CEO Lubow Stuart H sold 10000.0 shares on Nov 16 ’23.

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