q-phil Shares of Dime Community Bancshares, Inc. ( NASDAQ:DCOM – Get Free Report ) have received a consensus recommendation of “Buy” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $31.40. DCOM has been the topic of several research analyst reports. Stephens upgraded Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $30.00 to $39.00 in a research report on Monday, November 18th. Raymond James upped their price target on Dime Community Bancshares from $35.00 to $36.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, StockNews.com lowered shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Read Our Latest Research Report on Dime Community Bancshares Dime Community Bancshares Stock Up 3.8 % Dime Community Bancshares ( NASDAQ:DCOM – Get Free Report ) last announced its quarterly earnings data on Tuesday, October 22nd. The savings and loans company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). Dime Community Bancshares had a return on equity of 5.58% and a net margin of 9.65%. The firm had revenue of $171.87 million during the quarter, compared to analysts’ expectations of $86.65 million. During the same period last year, the company earned $0.56 earnings per share. On average, equities research analysts predict that Dime Community Bancshares will post 1.49 earnings per share for the current year. Dime Community Bancshares Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Thursday, October 17th. Dime Community Bancshares’s payout ratio is currently 66.67%. Insider Activity In other news, Director Basswood Capital Management, L acquired 29,000 shares of Dime Community Bancshares stock in a transaction on Tuesday, November 12th. The shares were bought at an average cost of $32.00 per share, for a total transaction of $928,000.00. Following the acquisition, the director now directly owns 1,044,221 shares of the company’s stock, valued at $33,415,072. This trade represents a 2.86 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink . Insiders own 9.10% of the company’s stock. Hedge Funds Weigh In On Dime Community Bancshares Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its position in Dime Community Bancshares by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 860,009 shares of the savings and loans company’s stock valued at $24,773,000 after purchasing an additional 9,978 shares during the period. Barclays PLC boosted its stake in shares of Dime Community Bancshares by 91.0% during the third quarter. Barclays PLC now owns 75,732 shares of the savings and loans company’s stock valued at $2,181,000 after purchasing an additional 36,076 shares in the last quarter. Systematic Financial Management LP increased its holdings in Dime Community Bancshares by 15.1% during the third quarter. Systematic Financial Management LP now owns 1,090,834 shares of the savings and loans company’s stock valued at $31,416,000 after buying an additional 143,402 shares during the period. The Manufacturers Life Insurance Company raised its stake in Dime Community Bancshares by 120.9% in the third quarter. The Manufacturers Life Insurance Company now owns 480,944 shares of the savings and loans company’s stock worth $13,851,000 after buying an additional 263,225 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Dime Community Bancshares by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 316,611 shares of the savings and loans company’s stock worth $9,118,000 after buying an additional 5,052 shares during the period. Hedge funds and other institutional investors own 75.27% of the company’s stock. About Dime Community Bancshares ( Get Free Report Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans. Further Reading Receive News & Ratings for Dime Community Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dime Community Bancshares and related companies with MarketBeat.com's FREE daily email newsletter .Jason Aldean's wife blames 'wokeness' for Billboard 100 greatest country artists of all time list snub

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WEST PALM BEACH, Fla. (AP) — President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar. His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates. Turkey, Azerbaijan and Malaysia have applied to become members and several other countries have expressed interest in joining. While the U.S. dollar is by far the most-used currency in global business and has survived past challenges to its preeminence, members of the alliance and other developing nations say they are fed up with America’s dominance of the global financial system . The dollar represents roughly 58% of the world’s foreign exchange reserves, according to the IMF and major commodities like oil are still primarily bought and sold using dollars. The dollar's dominance is threatened, however, with BRICS' growing share of GDP and the alliance's intent to trade in non-dollar currencies — a process known as de-dollarization. Trump, in a Truth Social post, said: “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy." At a summit of BRIC nations in October, Russian President Vladimir Putin accused the U.S. of “weaponizing” the dollar and described it as a “big mistake.” “It’s not us who refuse to use the dollar,” Putin said at the time. “But if they don’t let us work, what can we do? We are forced to search for alternatives.” Russia has specifically pushed for the creation of a new payment system that would offer an alternative to the global bank messaging network, SWIFT, and allow Moscow to dodge Western sanctions and trade with partners. Trump said there is "no chance" BRIC will replace the U.S. dollar in global trade and any country that tries to make that happen "should wave goodbye to America.” Research shows that the U.S. dollar's role as the primary global reserve currency is not threatened in the near future. An Atlantic Council model that assesses the dollar’s place as the primary global reserve currency states the dollar is “secure in the near and medium term” and continues to dominate other currencies. Trump's latest tariff threat comes after he threatened to slap 25% tariffs on everything imported from Mexico and Canada, and an additional 10% tax on goods from China, as a way to force the countries to do more to halt the flow of illegal immigration and drugs into the U.S. He has since held a call with Mexican President Claudia Sheinbaum, who said Thursday she is confident that a tariff war with the United States can be averted. Canadian Prime Minister Justin Trudeau returned home Saturday after meeting Trump, without assurances the president-elect will back away from threatened tariffs on Canada.Kulusevski rescues Spurs to deny Rangers victory in Europa League