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) - DA Davidson increased their FY2025 earnings per share estimates for shares of Dime Community Bancshares in a research report issued on Tuesday, July 29th. DA Davidson analyst M. Navas now forecasts 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.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The savings and loans company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.01. The business had revenue of $109.54 million during the quarter, compared to the consensus estimate 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 previous year, the business earned $0.37 EPS.

Other equities research analysts have also recently issued research reports about the stock. Stephens lowered their price target on shares of Dime Community Bancshares from $36.00 to $32.50 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Wall Street Zen raised shares of Dime Community Bancshares from a "sell" rating to a "hold" rating in a report on Thursday, April 24th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Dime Community Bancshares has an average rating of "Buy" and a consensus price target of $36.88.

Dime Community Bancshares Stock Performance

Shares of NASDAQ DCOM traded up $0.23 during midday trading on Thursday, reaching $27.36. The company's stock had a trading volume of 55,696 shares, compared to its average volume of 285,973. Dime Community Bancshares has a 12-month low of $21.53 and a 12-month high of $37.60. The firm has a 50 day moving average price of $27.37 and a 200-day moving average price of $27.98. The stock has a market capitalization of $1.20 billion, a P/E ratio of 32.51 and a beta of 1.16. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.02 and a quick ratio of 1.02.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in shares of Dime Community Bancshares during the 4th quarter valued at about $39,073,000. T. Rowe Price Investment Management Inc. raised its position in Dime Community Bancshares by 16.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,357,255 shares of the savings and loans company's stock worth $65,721,000 after purchasing an additional 340,046 shares during the period. Penn Capital Management Company LLC purchased a new position in shares of Dime Community Bancshares during the fourth quarter worth approximately $10,068,000. Vanguard Group Inc. increased its position in shares of Dime Community Bancshares by 10.3% during the fourth quarter. Vanguard Group Inc. now owns 2,739,614 shares of the savings and loans company's stock worth $84,202,000 after acquiring an additional 256,466 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of Dime Community Bancshares by 37.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 661,608 shares of the savings and loans company's stock worth $20,335,000 after acquiring an additional 180,664 shares during the period. Institutional investors own 75.27% of the company's stock.

Insiders Place Their Bets

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

Dime Community Bancshares Dividend Announcement

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

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.