Dime Community Bancshares (DCOM) Expected to Announce Earnings on Thursday

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) is anticipated to release its Q2 2025 earnings data before the market opens on Thursday, July 24th. Analysts expect Dime Community Bancshares to post earnings of $0.63 per share and revenue of $107.08 million for the quarter.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The savings and loans company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $103.83 million during the quarter, compared to the consensus estimate of $105.83 million. Dime Community Bancshares had a net margin of 5.08% and a return on equity of 6.05%. During the same period in the previous year, the firm posted $0.38 earnings per share. 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 0.1%

DCOM stock traded down $0.04 during trading hours on Friday, hitting $28.82. The company's stock had a trading volume of 73,745 shares, compared to its average volume of 276,085. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $1.26 billion, a PE ratio of 45.71 and a beta of 1.07. Dime Community Bancshares has a 12 month low of $21.53 and a 12 month high of $37.60. The stock has a 50 day moving average price of $27.00 and a two-hundred day moving average price of $28.21.

Dime Community Bancshares Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 17th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Thursday, July 17th. Dime Community Bancshares's payout ratio is 158.73%.

Analysts Set New Price Targets

DCOM has been the subject of a number of analyst reports. Stephens reduced their price objective 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 research note on Thursday, April 24th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Dime Community Bancshares has a consensus rating of "Buy" and an average target price of $36.88.

Insiders Place Their Bets

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 2,000 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $25.58, for a total value of $51,160.00. Following the completion of the sale, the director directly owned 35,392 shares of the company's stock, valued at $905,327.36. This represents a 5.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dime Community Bancshares

A number of hedge funds have recently made changes to their positions in DCOM. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Dime Community Bancshares by 16.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 81,273 shares of the savings and loans company's stock worth $2,266,000 after purchasing an additional 11,512 shares in the last quarter. Empowered Funds LLC increased its position in shares of Dime Community Bancshares by 5.4% during the 1st quarter. Empowered Funds LLC now owns 82,084 shares of the savings and loans company's stock worth $2,289,000 after purchasing an additional 4,231 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Dime Community Bancshares by 5.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 324,976 shares of the savings and loans company's stock worth $9,060,000 after purchasing an additional 18,195 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Dime Community Bancshares by 17.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,621 shares of the savings and loans company's stock worth $659,000 after purchasing an additional 3,443 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Dime Community Bancshares by 132.3% during the 1st quarter. AQR Capital Management LLC now owns 169,503 shares of the savings and loans company's stock worth $4,726,000 after purchasing an additional 96,523 shares in the last quarter. Institutional investors and hedge funds own 75.27% of the company's stock.

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.