Q2 Earnings Estimate for DCOM Issued By DA Davidson

Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) - Stock analysts at DA Davidson issued their Q2 2025 earnings per share estimates for Dime Community Bancshares in a research report issued to clients and investors on Thursday, April 24th. DA Davidson analyst M. Navas anticipates that the savings and loans company will post earnings per share of $0.59 for the quarter. 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' FY2025 earnings at $2.55 EPS and FY2026 earnings at $3.80 EPS.

Several other equities analysts have also recently weighed in on DCOM. Piper Sandler upgraded Dime Community Bancshares from a "neutral" rating to an "overweight" rating and raised their price target for the company from $36.00 to $38.00 in a report on Thursday, January 23rd. Keefe, Bruyette & Woods cut their price objective on shares of Dime Community Bancshares from $42.00 to $41.00 and set an "outperform" rating on the stock in a research report on Friday, January 24th. Stephens cut their price objective on shares of Dime Community Bancshares from $36.00 to $32.50 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, StockNews.com upgraded shares of Dime Community Bancshares from a "sell" rating to a "hold" rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $36.88.

Dime Community Bancshares Price Performance

NASDAQ DCOM traded down $0.40 during trading on Friday, hitting $25.68. 50,394 shares of the stock traded hands, compared to its average volume of 261,873. The company has a market capitalization of $1.12 billion, a P/E ratio of 43.53 and a beta of 0.96. The firm has a 50-day simple moving average of $27.28 and a 200-day simple moving average of $30.58. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.69. Dime Community Bancshares has a 12-month low of $17.49 and a 12-month 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 business had revenue of $103.83 million during the quarter, compared to analysts' expectations of $105.83 million. Dime Community Bancshares had a return on equity of 5.43% and a net margin of 4.50%. During the same quarter last year, the business posted $0.38 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. purchased a new stake in shares of Dime Community Bancshares during the fourth quarter valued at about $480,000. Barclays PLC lifted its position in shares of Dime Community Bancshares by 91.0% during the third quarter. Barclays PLC now owns 75,732 shares of the savings and loans company's stock valued at $2,181,000 after buying an additional 36,076 shares during the last quarter. Swiss National Bank lifted its position in shares of Dime Community Bancshares by 18.4% during the fourth quarter. Swiss National Bank now owns 81,602 shares of the savings and loans company's stock valued at $2,508,000 after buying an additional 12,700 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Dime Community Bancshares by 50.1% during the fourth quarter. Alliancebernstein L.P. now owns 56,472 shares of the savings and loans company's stock valued at $1,736,000 after buying an additional 18,852 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Dime Community Bancshares during the fourth quarter valued at about $4,850,000. 75.27% of the stock is currently owned by institutional investors.

Insider Transactions at Dime Community Bancshares

In other news, Director Raymond A. Nielsen sold 3,000 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $31.25, for a total value of $93,750.00. Following the transaction, the director now directly owns 41,185 shares in the company, valued at approximately $1,287,031.25. This represents a 6.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Basswood Capital Management, L sold 9,815 shares of the company's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $31.20, for a total transaction of $306,228.00. Following the completion of the transaction, the director now owns 37,147 shares in the company, valued at approximately $1,158,986.40. The trade was a 20.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 1,729 shares of company stock worth $48,021. Insiders own 7.10% of the company's stock.

Dime Community Bancshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th will be issued a $0.3438 dividend. This is a boost from Dime Community Bancshares's previous quarterly dividend of $0.25. This represents a $1.38 dividend on an annualized basis and a dividend yield of 5.35%. Dime Community Bancshares's dividend 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.