Dime Community Bancshares, Inc. traded at $40.31 this Thursday July 2nd, decreasing $0.97 or 2.35 percent since the previous trading session. Looking back, over the last four weeks, Dime Community Bancshares lost 10.02 percent. Over the last 12 months, its price rose by 40.70 percent. Looking ahead, we forecast Dime Community Bancshares, Inc. to be priced at 39.47 by the end of this quarter and at 37.04 in one year, according to Trading Economics global macro models projections and analysts expectations.
Dime Community Bancshares, Inc., formerly Bridge Bancorp, Inc., is a bank holding company. The Company holds Dime Community Bank (Bank), a community commercial bank. The Bank provides financial services and loans for multi-family housing within its market areas, in addition to loans to mid-size and small businesses. The Bank gathers deposits primarily from the communities and neighborhoods in close proximity to its branches, and also attracts deposits nationwide through its Internet bank and customer contact center. It also offers title insurance services and financial planning and investment consultation. The Bank has approximately 28 branches located throughout Brooklyn, Queens, the Bronx, and Nassau County and Suffolk County, New York.