Last Updated: 16 Sep 2024
Executive Summary
Dime Community Bancshares Inc. (DCOM) is a financial services company headquartered in Hauppauge, New York. The company provides commercial banking and financial services in New York. As of the latest available data, DCOM has a market capitalization of $1.01 billion, a trailing price-to-earnings (P/E) ratio of 16.6, and a forward P/E ratio of 13.0. The stock is currently trading at $26.01, below its 52-week high of $26.97 and above its 52-week low of $16.88.
Company Overview
Dime Community Bancshares Inc. is the parent company of Dime Community Bank, which provides a range of financial services to individuals and businesses in New York. The company's services include deposit accounts, loans, and investment products. Dime Community Bank has a network of branches and ATMs throughout New York.
Fundamental Analysis
DCOM's financial performance has been mixed in recent quarters. The company's revenue has declined slightly over the past year, while its net income has increased. The company's profit margin is 21.1%, and its return on equity is 5.5%. DCOM's balance sheet is strong, with a low level of debt and a high level of capital.
Technical Analysis
DCOM's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 55, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
DCOM's stock price is likely to continue to trend higher in the short term. The stock is trading above its key moving averages, and the RSI is indicating that the stock is not overbought. The company's financial performance is also expected to improve in the coming quarters.
Long Term Outlook
DCOM's long-term outlook is positive. The company is a well-established financial institution with a strong balance sheet. The company's focus on the New York market is also a positive, as the New York economy is expected to continue to grow in the coming years.
Analyst Recommendations
Analysts have a mixed view on DCOM's stock. Three analysts have a buy rating on the stock, two analysts have a hold rating, and no analysts have a sell rating. The consensus analyst price target is $28.4, which represents a potential upside of 9.5% from the current price.
