Research Analysts Set Expectations for DCOM FY2025 Earnings

Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) - Investment analysts at DA Davidson dropped their FY2025 earnings per share (EPS) estimates for shares of Dime Community Bancshares in a research report issued to clients and investors on Tuesday, July 1st. DA Davidson analyst M. Navas now expects that the savings and loans company will earn $2.50 per share for the year, down from their prior estimate of $2.55. The consensus estimate for Dime Community Bancshares' current full-year earnings is $3.06 per share. DA Davidson also issued estimates for Dime Community Bancshares' FY2026 earnings at $3.70 EPS.

Several other brokerages have also issued reports on DCOM. Stephens decreased their price target on shares of Dime Community Bancshares from $36.00 to $32.50 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Wall Street Zen upgraded shares of Dime Community Bancshares from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Dime Community Bancshares presently has an average rating of "Buy" and an average target price of $36.88.

Dime Community Bancshares Stock Up 2.2%

Dime Community Bancshares stock traded up $0.60 on Wednesday, hitting $28.32. 220,060 shares of the stock traded hands, compared to its average volume of 274,097. The business's fifty day simple moving average is $26.38 and its 200 day simple moving average is $28.45. The firm has a market cap of $1.24 billion, a P/E ratio of 44.95 and a beta of 1.07. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.60. Dime Community Bancshares has a 1 year low of $19.37 and a 1 year high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. The company had revenue of $103.83 million for the quarter, compared to analyst estimates of $105.83 million. Dime Community Bancshares had a return on equity of 6.05% and a net margin of 5.08%. During the same period in the previous year, the company posted $0.38 earnings per share.

Institutional Trading of Dime Community Bancshares

A number of institutional investors and hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC lifted its stake in shares of Dime Community Bancshares by 125.0% in the fourth quarter. CoreCap Advisors LLC now owns 900 shares of the savings and loans company's stock worth $28,000 after buying an additional 500 shares in the last quarter. Sterling Capital Management LLC raised its holdings in Dime Community Bancshares by 861.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,135 shares of the savings and loans company's stock worth $35,000 after acquiring an additional 1,017 shares during the last quarter. Hughes Financial Services LLC purchased a new position in Dime Community Bancshares in the 1st quarter worth approximately $37,000. Parkside Financial Bank & Trust lifted its position in Dime Community Bancshares by 58.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,782 shares of the savings and loans company's stock valued at $55,000 after acquiring an additional 654 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Dime Community Bancshares by 14.0% during the first quarter. GAMMA Investing LLC now owns 3,931 shares of the savings and loans company's stock valued at $110,000 after purchasing an additional 483 shares in the last quarter. 75.27% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dime Community Bancshares

In related news, Director Raymond A. Nielsen sold 2,000 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $25.58, for a total value of $51,160.00. Following the transaction, the director owned 35,392 shares in the company, valued at $905,327.36. The trade was a 5.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 7.10% of the stock is owned by insiders.

Dime Community Bancshares Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 17th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, July 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.53%. Dime Community Bancshares's payout ratio is presently 158.73%.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans.