tiprankstipranks
Dime Community Bancshares Announces Follow-On Stock Issuance
Company Announcements

Dime Community Bancshares Announces Follow-On Stock Issuance

Don't Miss our Black Friday Offers:

Dime Community Bancshares ( (DCOM) ) has provided an update.

Dime Community Bancshares, Inc., listed on NASDAQ as DCOM, is offering a follow-on stock issuance to capitalize on growth opportunities and optimize their balance sheet. The company plans to use the proceeds for general corporate purposes, including working capital and investments in their bank subsidiary. The offering also aims to improve net interest margins and non-interest income through strategic repositioning of securities and insurance policies, while providing flexibility to accelerate organic growth initiatives.

Find detailed analytics on DCOM stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyDime Community upgraded to Overweight from Equal Weight at Stephens
TheFlyDime Community upgraded to Overweight at Stephens after equity raise
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App