Piper Sandler Launches Coverage on Dime Community Bancshares (DCOM) with Bullish View

Core Insights - Dime Community Bancshares, Inc. (NASDAQ:DCOM) is highlighted as a strong candidate for the Dividend Capture Strategy with high yield stocks to consider in April [1] - Piper Sandler initiated coverage of DCOM with an Overweight rating and a price target increase to $37, reflecting expectations of a recovery in net interest margin supported by loan repricing in 2026 and 2027 [2] Financial Performance - In Q4 2025, DCOM reported a core EPS of $0.79, an 88% increase year-over-year, attributed to record quarterly revenue of $124 million [3] - Core deposits rose by $1.2 billion year-over-year, with no contributions from purchase accounting related to acquisitions [3] Business Growth - Business loans increased by over $175 million sequentially and more than $500 million compared to the previous year [4] - The company aims to leverage loan repricing opportunities over the next two years to support revenue growth and targets an efficiency ratio below 50% for 2026 [4] Company Overview - Dime Community Bancshares operates through its subsidiary, Dime Community Bank, offering a comprehensive range of commercial and consumer banking services, including deposit products for various clients [5]