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Dime Community Bancshares, Inc. (NASDAQ:DCOM) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has upgraded Dime Community Bancshares, Inc. (NASDAQ:DCOM) to Hold in a statement released on Tuesday September 27, 2016.

Boasting a price of $16.99, Dime Community Bancshares, Inc. (NASDAQ:DCOM) traded 0.18% higher on the day. With the last close down -3.07% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Dime Community Bancshares, Inc. has recorded a 50-day average of $17.37 and a two hundred day average of $17.53. Volume of trade was down over the average, with 108,319 shares of DCOM changing hands under the typical 112,542

Performance Chart

Dime Community Bancshares, Inc. (NASDAQ:DCOM)

With a total market value of $0, Dime Community Bancshares, Inc. has price-earnings ratio of 7.51 with a one year low of $15.61 and a one year high of $18.87 .

A total of 5 analysts have released a research note on DCOM. zero analysts rating the company a strong buy, three analysts rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $19.50.

More About Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Dime Community Bancshares, Inc. operates as a holding company for The Dime Savings Bank of Williamsburgh (the Bank), a chartered savings bank. The Company is a unitary savings and loan holding company. The Company operates through Community Banking segment. The Bank's principal business is gathering retail deposits, and lending them primarily in multifamily residential, commercial real estate and mixed use loans, as well as investing in mortgage-backed securities (MBS), obligations of the United States Government and Government Sponsored Entities (GSEs), and corporate debt and equity securities. The Bank's primary sources of funds are, in general, deposits; loan amortization, prepayments and maturities; MBS amortization, prepayments and maturities; investment securities maturities and sales, and advances from the Federal Home Loan Bank of New York (FHLBNY).

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