** Shares of regional lender Dime Community Bancshares DCOM.O jump as much as 7%, last up 4.9% at $35.34
** Stock trading at its highest since November 2022
** Stephens upgrades DCOM to "overweight" from "equal-weight"; raises PT to $39 from $30, a 15.7% upside to stock's last close
** Brokerage says upgrade follows DCOM's $144 mln equity raise last week
** Given the capital and expected bond portfolio restructuring, Stephens sees dual benefit with higher estimated return on assets (ROA) and reduction in the commercial real estate concentration ratio
** ROA indicates how profitable a company is relative to its total assets
** Four of five brokerages rate the stock "buy" or higher and one "hold"; median PT is $39 — data compiled by LSEG
** As of last close, DCOM shares up 25.1% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com))
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