Dime Community Bancshares, Inc. stock trades under the ticker DCOM & has shown recent bullish behavior that traders & investors should research further into.
DCOM stock closed at $31.51/share on 2/8/2023.
Dime Community Bancshares, Inc. DCOM Stock’s Technical Performance Broken Down
DCOM Stock Price: $31.51
10 Day Moving Average: $30.93
50 Day Moving Average: $32.22
200 Day Moving Average: $31.53
RSI: 48.39
MACD: -0.321
Yesterday, DCOM stock completed a bullish MACD crossover, gaining 0.29% on the day’s session.
Recent trading volumes have been about average compared to the year prior, and their RSI is neutral, but yesterday’s hanging man candlestick signals there may be near-term weakness that will provide a more favorable entry point for investors.
DCOM has support at the $31.40 & $31.14 (multiple times) price levels, as they try to break above the $31.53 (200 Day Moving Average) & $31.56/share resistance levels.
Dime Community Bancshares, Inc. DCOM Stock As A Long-Term Investment
Long-term investors will like DCOM stock’s valuation metrics, with an 8.5 P/E (ttm) & 1.16 P/B (mrq).
They recently reported -10.6% Quarterly Revenue Growth Y-o-Y, with 13.3% Quarterly Earnings Growth Y-o-Y, which investors would be wise to look closer into.
Their balance sheet will also require a more thorough examination, with $323.78M of Total Cash (mrq) & $1.53B of Total Debt (mrq).
DCOM stock pays a 3.06% dividend yield, which appears to be sustainable in the long-run, as their payout ratio is 25.74%.
73.81% of DCOM stock’s outstanding share float is owned by institutional investors.
Dime Community Bancshares, Inc. DCOM Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from price movements in DCOM stock, while protecting their portfolios from volatility.
I am looking at the contracts with the 3/17 expiration date.
The $30 call options are in-the-money.
The $35 puts are also all in-the-money.
After the 2/17 expiration date passes there may be more liquidity for the 3/17 expiration.
Tying It All Together
DCOM stock offers many interesting opportunities for traders & investors.
Investors will like their dividend & their valuation metrics, but may want to review their balance sheet & recent growth metrics in more detail.
Traders will like their recent technical performance, but will be disappointed by how illiquid their options are.
All-in-all, it is worth taking a closer look into DCOM stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN DCOM STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***