Dime Community Bancshares Grants Support to Junior Achievement for Financial Literacy Education
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- Community Support: Dime Community Bancshares awarded a grant to Junior Achievement of Long Island to support its mission of providing financial literacy, career readiness, and entrepreneurship education for low-to-moderate income communities, thereby enhancing the overall economic capacity of the community.
- Asset Scale: As the parent company of Dime Community Bank, Dime Community Bancshares manages over $14 billion in assets and holds the highest deposit market share among community banks in Greater Long Island, further solidifying its leadership position in the local financial services market.
- Market Impact: By supporting educational initiatives, Dime not only enhances its brand image but also potentially attracts more customers, particularly young families, which could drive future deposit growth and expansion of its customer base.
- Strategic Significance: This grant reflects Dime's commitment to social responsibility, aiming to promote community development through enhanced financial education, aligning with its long-term strategic goal of building deeper customer relationships in a competitive market.
DCOM
$31.38+Infinity%1D
Analyst Views on DCOM
Wall Street analysts forecast DCOM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DCOM is 37.33 USD with a low forecast of 34.00 USD and a high forecast of 42.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 31.480
Low
34.00
Averages
37.33
High
42.00
Current: 31.480
Low
34.00
Averages
37.33
High
42.00
About DCOM
Dime Community Bancshares, Inc. is a bank holding company. The Company is engaged in providing commercial banking and financial services through its wholly owned subsidiary, Dime Community Bank (the Bank). The Bank is engaged in providing full-service commercial and consumer banking services, including accepting time, savings and demand deposits from businesses, consumers, and local municipalities. It also offers the Certificate of Deposit Account Registry Service (CDARS) and Insured Cash Sweep (ICS) programs. In addition, it offers merchant credit and debit card processing, automated teller machines, cash management services, lockbox processing, online banking services, remote deposit capture, safe deposit boxes, and individual retirement accounts, as well as investment services through Dime Financial Services LLC. Through its title insurance subsidiary, the Bank acts as a broker for title insurance services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
