Dime Community Bancshares Inc (DCOM, Financial) experienced a significant stock movement with a sharp decline of 5.02%. The latest data shows the stock price at $32.92 with a trading volume of 127,797 shares and a turnover rate of 0.33%.
In its recent financial report, Dime Community Bancshares posted a revenue of $172 million and a net profit of $13.1 million, translating to an earnings per share (EPS) of $0.29. The company's price-to-earnings (P/E) ratio stands at 22.00. Among five financial institutions rating the stock, 60% recommend a buy, and 40% suggest holding, with no sell recommendations.
The broader banking industry saw a decline of 1.57%. Notably, related stocks such as Fanhua Financial, Loandepot, Inc., and Midsouth Bancorp posted significant gains, while Uwm Holdings Corporation, Grupo Supervielle S.A., and Rocket Companies, Inc. showed active trading with turnover rates of 2.34%, 1.92%, and 1.42% respectively. Volatile stocks in the sector included Better Home & Finance Holding C/Wts 22/08/2028 and American Century Bank, with significant price swings.
Dime Community Bancshares Inc operates as a holding company, gathering deposits online from its market area customers and investing in multi-family residential, commercial real estate, commercial and industrial (C&I) loans, residential loans, and mortgage-backed securities. The company is also involved in obligations from the U.S. government and government-sponsored enterprises (GSE), as well as corporate debt and equity securities.
