Added to YB: 2024-06-28
Pitch date: 2024-06-28
DCOM [bearish]
Dime Community Bancshares, Inc.
-62.97%
current return
Author Info
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Company Info
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.
Market Cap
$1.2B
Pitch Price
$19.19
Price Target
N/A
Dividend
3.67%
EV/EBITDA
N/A
P/E
23.15
EV/Sales
N/A
Sector
Banks
Category
turnaround
Show full summary:
DCOM: High-Cost Debt, Falling Margins, and NYC Loan Exposure
DCOM: Raised $65M at 9% yield, stock up despite high cost. NIM fell 315bps to 221bps, ROE 17%+ to 6.2% in 18mo. $1B NYC rent-controlled loans (=tangible equity) risky. Bank betting on non-CRE loan growth despite 9% capital cost. Short position added on strength.
Read full article (1 min)