Dime Community Bancshares (DCOM) Expected to Announce Quarterly Earnings on Tuesday

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) will likely be issuing its earnings data before the market opens on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.56 per share and revenue of $105.83 million for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last issued its earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.02). Dime Community Bancshares had a return on equity of 5.43% and a net margin of 4.50%. On average, analysts expect Dime Community Bancshares to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Dime Community Bancshares Stock Down 0.6 %

Shares of Dime Community Bancshares stock traded down $0.16 during trading on Friday, hitting $25.21. 255,392 shares of the stock traded hands, compared to its average volume of 260,051. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.69. The stock's fifty day simple moving average is $28.06 and its 200 day simple moving average is $30.70. The firm has a market cap of $1.10 billion, a P/E ratio of 42.73 and a beta of 0.96. Dime Community Bancshares has a 52-week low of $17.49 and a 52-week high of $37.60.

Dime Community Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Thursday, April 17th. Dime Community Bancshares's dividend payout ratio (DPR) is 169.49%.

Analyst Ratings Changes

A number of research firms have recently issued reports on DCOM. Piper Sandler upgraded shares of Dime Community Bancshares from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $36.00 to $38.00 in a research note on Thursday, January 23rd. Keefe, Bruyette & Woods reduced their price target on Dime Community Bancshares from $42.00 to $41.00 and set an "outperform" rating for the company in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $38.50.

Insider Activity at Dime Community Bancshares

In other news, Director Basswood Capital Management, L acquired 1,043 shares of the business's stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of $31.23 per share, with a total value of $32,572.89. Following the completion of the acquisition, the director now owns 1,043 shares of the company's stock, valued at approximately $32,572.89. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Raymond A. Nielsen sold 3,000 shares of Dime Community Bancshares stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $31.25, for a total value of $93,750.00. Following the sale, the director now directly owns 41,185 shares of the company's stock, valued at $1,287,031.25. This trade represents a 6.79 % decrease in their position. The disclosure for this sale can be found here. Insiders bought 1,729 shares of company stock valued at $48,021 over the last 90 days. Insiders own 9.10% of the company's stock.

About Dime Community Bancshares

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.