Dime Community Banchares at 4-month high as NII growth drives profit beat

Dime Commercial Bancshares

29/10/2021 15:45

** Shares of Dime Community Bancshares Inc  DCOM.O  up 2.4%
at $35.42
    ** Stock touches highest in over four months
    ** DCOM, the parent company of Dime Community Bank, reports
adj. profit of $1.01/shr, above Refinitiv est. of 89 cents/shr
 urn:newsml:reuters.com:*:nGNX7qVWwg
    ** Net interest income (NII), a metric that tracks how much
banks make through lending, more than doubled to $94.8 mln in
the qtr
    ** Average rating on the stock is a "strong buy" with a
median PT of $40 - Refinitiv IBES data
    ** YTD, shares up nearly 48%

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))