Dime Community Bancshares, Inc. (DCOM) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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Dime Community Bancshares, Inc. has signaled a strong confidence in its stock by announcing a significant stock repurchase program for up to 1,948,314 shares, subsequent to completing its existing authorized repurchase initiative. As of the close of the first quarter in 2024, the company reported that 1,566,947 shares remained available for repurchase under this program. Despite this authorization, no stock repurchases were made in the quarter ending March 31, 2024. The lack of activity in the repurchase program could be perceived as a risk by investors, as it may suggest a shift in the company’s capital allocation strategy or a change in its assessment of the stock’s intrinsic value.
Overall, Wall Street has a Strong Buy consensus rating on DCOM stock based on 4 Buys.
To learn more about Dime Community Bancshares, Inc.’s risk factors, click here.
