Dime Community Bancshares Inc (NASDAQ: DCOM) stock enjoyed a major increase of 10.5% on 9/17/24. The shares closed at $28.75. Moreover, this advance was accompanied by exceptionally high trading volume at 243% of normal. The stock has performed in line with the market over the last nine months and has risen 16.1% during the last week.
Current PriceTarget Research Rating
DCOM is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Dime Community Bancshares has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Dime Community Bancshares has a neutral Power Rating of 53 and a slightly positive Appreciation Score of 67, producing the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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