Dime Community Bancshares: Downgrading Preferred For Better Income Alternative [Seeking Alpha]
Dime Community Bancshares, Inc. (DCOM)
Last dime community bancshares, inc. earnings: 4/28 06:00 am
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US:NASDAQ Investor Relations:
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Source: Seeking Alpha
Net interest income has reached a six-year high, driven by stable borrowing costs and strong deposit growth, improving the loan-to-deposit ratio. Despite deposit growth, DCOM struggles with loan contraction and rising credit risk, making common shares less attractive for new investment. I downgrade DCOM preferred shares to Hold, but am recommending the safer 8.3% yield-to-maturity baby bond DCOMG for income-focused investors. alexsl/E+ via Getty Images Introduction Dime Community Bancshares, Inc. ( DCOM ) is a New York-based regional bank. Along with their common shares, the bank trades a preferred share ( DCOMP ) and a baby bond ( DCOMG ). Back This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of DCOMG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business rel
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