DCOM Stock Summary and Trading Ideas (Dime Community Bancshares | NASDAQ:DCOM)

Dime Community Bancshares Inc operates as a holding company. It gathers deposits from customers within its market area and via the internet and invests them in multifamily residential, commercial real estate, commercial and industrial (C&I) loans, and one-to-four family residential real estate loans, as well as mortgage-backed securities, obligations of the U.S. government and government- sponsored enterprises (GSEs), and corporate debt and equity securities.

Dime Community Bancshares trades on the NASDAQ stock market under the symbol DCOM.

As of April 19, 2024, DCOM stock price climbed to $18.68 with 245,701 million shares trading.

DCOM has a beta of 1.42, meaning it tends to be more sensitive to market movements. DCOM has a correlation of 0.17 to the broad based SPY ETF.

DCOM has a market cap of $724.87 million. This is considered a Small Cap stock.

Last quarter Dime Community Bancshares reported $83 million in Revenue and $.39 earnings per share. This beat revenue expectation by $9 million and missed earnings estimates by -$.08.

In the last 3 years, DCOM stock traded as high as $38.35 and as low as $15.57.

The top ETF exchange traded funds that DCOM belongs to (by Net Assets): IJR, VTI, IWM, VXF, AVUV.

DCOM has underperformed the market in the last year with a return of -6.2%, while the SPY ETF gained +21.2%. In the last 3 month period, DCOM fell short of the market, returning -23.0%, while SPY returned +3.0%. However, in the most recent 2 weeks DCOM has outperformed the stock market by returning +3.0%, while SPY returned -4.5%.

DCOM support price is $17.35 and resistance is $18.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DCOM stock will trade within this expected range on the day.