What is DA Davidson's Forecast for DCOM FY2025 Earnings?

Key Points

• DA Davidson has increased its earnings per share estimate for Dime Community Bancshares (NASDAQ: DCOM) for FY2025 to $2.65 from $2.50, while the current consensus estimate is $3.06.
• The company reported quarterly earnings of $0.64 per share, exceeding analysts' estimates, with revenue of $109.54 million, also above expectations.
• Dime Community Bancshares recently declared a quarterly dividend of $0.25, resulting in an annual yield of 3.57%, although the dividend payout ratio stands at a high 119.05%.

Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) - Equities researchers at DA Davidson boosted their FY2025 earnings estimates for shares of Dime Community Bancshares in a note issued to investors on Tuesday, July 29th. DA Davidson analyst M. Navas now anticipates that the savings and loans company will post earnings per share of $2.65 for the year, up from their previous estimate of $2.50. 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 $3.75 EPS.

Several other brokerages have also recently commented on DCOM. 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. Stephens reduced 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 report on Wednesday, April 23rd. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $36.88.

Dime Community Bancshares Price Performance

Shares of NASDAQ:DCOM traded down $0.58 on Thursday, reaching $27.13. 256,509 shares of the company were exchanged, compared to its average volume of 274,431. The company has a 50-day moving average of $27.37 and a 200-day moving average of $28.03. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.59. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 14.13 and a beta of 1.16. Dime Community Bancshares has a 1-year low of $21.53 and a 1-year high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The savings and loans company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.01. The firm had revenue of $109.54 million for the quarter, compared to analyst estimates of $107.08 million. Dime Community Bancshares had a return on equity of 6.90% and a net margin of 6.74%. During the same quarter in the prior year, the company posted $0.37 earnings per share.

Institutional Investors Weigh In On Dime Community Bancshares

A number of large investors have recently bought and sold shares of DCOM. Vanguard Group Inc. raised its holdings in Dime Community Bancshares by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 2,754,416 shares of the savings and loans company's stock valued at $76,793,000 after acquiring an additional 14,802 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of Dime Community Bancshares by 16.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,357,255 shares of the savings and loans company's stock valued at $65,721,000 after purchasing an additional 340,046 shares during the period. Dimensional Fund Advisors LP increased its stake in Dime Community Bancshares by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,299,379 shares of the savings and loans company's stock valued at $70,671,000 after purchasing an additional 71,273 shares during the last quarter. Basswood Capital Management L.L.C. increased its stake in Dime Community Bancshares by 1.5% in the fourth quarter. Basswood Capital Management L.L.C. now owns 2,064,565 shares of the savings and loans company's stock valued at $63,454,000 after purchasing an additional 30,202 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in Dime Community Bancshares by 25.3% during the first quarter. Wellington Management Group LLP now owns 1,592,656 shares of the savings and loans company's stock worth $44,403,000 after buying an additional 321,353 shares during the period. Institutional investors and hedge funds own 75.27% of the company's stock.

Insider Transactions at Dime Community Bancshares

In other news, Director Raymond A. Nielsen sold 2,000 shares of the stock in a transaction that occurred 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 sale, the director directly owned 35,392 shares in the company, valued at $905,327.36. This represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.10% of the company's stock.

Dime Community Bancshares Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, August 15th. Shareholders of record on Monday, August 11th will be given a dividend of $0.3438 per share. The ex-dividend date is Friday, August 8th. This represents a yield of 496.0%. Dime Community Bancshares's payout ratio is presently 119.05%.

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.