Dime Community Bancshares (DCOM, Financial) experienced a notable stock price surge of 5.11%. The stock is currently trading at $31.04 per share, with a trading volume of 61,985 shares, representing a turnover rate of 0.16% and a price fluctuation of 3.86%.
Recent financial results show DCOM achieving $172 million in revenue and a net profit of $13.33 million, with earnings per share of $0.29. The price-to-earnings ratio stands at 20.67. Among the five institutions that rated the stock, 60% recommended buying, while 40% suggested holding. No institution advised selling the stock.
Within the banking sector, where DCOM operates, the overall growth was 0.85%. Noteworthy stocks in the sector included Hawaii Bank, Tompkins Financial, and Third Coast Bancshares, Inc., which saw significant gains. Other active stocks such as Grupo Supervielle S.A., FB Bancorp, Inc., and The Bancorp, Inc. showed higher turnover rates of 1.16%, 1.16%, and 1.00%, respectively. Stocks with significant price fluctuations included First Bank of Kentucky, Marine Bank, and ChinaFin, with fluctuations of 16.90%, 11.77%, and 10.07%, respectively.
Dime Community Bancshares Inc is a holding company that collects deposits through the internet from its market area customers and invests in multi-family residential, commercial real estate, commercial and industrial loans, one-to-four family residential real estate loans, and mortgage-backed and government-sponsored enterprise securities, as well as corporate debt and equity securities.
