Dime Community (NASDAQ:DCOM) Rating Maintained

In a research note revealed to clients on 2 January, Dime Community (NASDAQ:DCOM) stock had its “Underweight” Rating kept by research professionals at Barclays. They currently have a $22.0 PT on firm. Barclays’s target indicates a potential downside of -0.23 % from the company’s close price.

NASDAQ:DCOM is currently trading -3.36% lower at $21.12 as of 10:07 AM New York time. Dime Community’s stock is 0% in the past 200 days. It has underperformed the S&P500, which has gained 6.00% in the same time period.

Out of 5 analysts covering Dime Community, 3 rate it a Buy, 2 indicate a Hold while 0 suggest a Sell. The highest target is $20 and the lowest is $19 according to Thomson/First Call. The 12-month mean target is $19.5, which means downside potential of 7.67% over the current price.

Institutional Ownership

Polaris Capital Management Llc had the most significant stake with ownership of 825,389 shares as of Q2 2015 for 1.08% of the portfolio. Artemis Investment Management Llp is another bull as the institutional investor who is owning 570,235 shares of Dime Community or 0.27% of their portfolio. Also, Walthausen & Co. Llc have 0.24% of their portfolio invested in the company for 139,872 shares. The Minnesota-based fund Foundry Partners Llc disclosed it had acquired a stake worth about 0.18% of the institutional investor’s stock portfolio in Dime Community. The Massachusetts-based fund Btim Corp. is also positive about the stock, possessing 200,950 shares or 0.16% of their portfolio.

Dime Community (NASDAQ:DCOM) Profile

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.

Dime Community (NASDAQ:DCOM) traded down -3.36% on 2 January, hitting $21.12. A total of 75,403 shares of the company’s stock traded hands. This is down from average of 145,396 shares. Dime Community has a 52 week low of $16.25 and a 52 week high of $22.65. The company has a market cap of $790.56M and a P/E ratio of 21.34.

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The post Dime Community (NASDAQ:DCOM) Stock Rating Kept by Barclays; The $22.0 Target Indicates -0.23 % Potential appeared first on Octafinance.