Dime Community Bancshares (DCOM) to Release Earnings on Friday

Dime Community Bancshares (NASDAQ:DCOMGet Rating) is set to post its quarterly earnings results before the market opens on Friday, January 27th. Analysts expect Dime Community Bancshares to post earnings of $0.98 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Dime Community Bancshares (NASDAQ:DCOMGet Rating) last issued its earnings results on Friday, October 28th. The savings and loans company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.03. Dime Community Bancshares had a net margin of 33.22% and a return on equity of 14.39%. The company had revenue of $109.80 million for the quarter, compared to analysts’ expectations of $104.60 million. On average, analysts expect Dime Community Bancshares to post $4 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 opened at $32.80 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.99. Dime Community Bancshares has a 1 year low of $28.36 and a 1 year high of $37.30. The firm’s 50-day moving average is $33.03 and its two-hundred day moving average is $32.49. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 9.19 and a beta of 1.11.

Dime Community Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 24th. Shareholders of record on Tuesday, January 17th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Friday, January 13th. Dime Community Bancshares’s payout ratio is 26.89%.

Insiders Place Their Bets

In other Dime Community Bancshares news, Director Basswood Capital Management, L sold 2,177 shares of the firm’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $32.76, for a total transaction of $71,318.52. Following the completion of the transaction, the director now directly owns 1,333,520 shares of the company’s stock, valued at approximately $43,686,115.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Dime Community Bancshares news, Director Basswood Capital Management, L sold 2,177 shares of the firm’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $32.76, for a total transaction of $71,318.52. Following the completion of the transaction, the director now directly owns 1,333,520 shares of the company’s stock, valued at approximately $43,686,115.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher J. Porzelt sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $33.50, for a total transaction of $67,000.00. Following the transaction, the insider now directly owns 13,716 shares of the company’s stock, valued at $459,486. The disclosure for this sale can be found here. In the last ninety days, insiders sold 169,147 shares of company stock valued at $5,756,685. 15.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Dime Community Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd grew its stake in shares of Dime Community Bancshares by 1,225.8% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,750 shares of the savings and loans company’s stock worth $60,000 after purchasing an additional 1,618 shares during the period. FMR LLC grew its stake in shares of Dime Community Bancshares by 10.1% during the 2nd quarter. FMR LLC now owns 3,879 shares of the savings and loans company’s stock worth $115,000 after purchasing an additional 357 shares during the period. Captrust Financial Advisors grew its stake in shares of Dime Community Bancshares by 179.1% during the 2nd quarter. Captrust Financial Advisors now owns 4,451 shares of the savings and loans company’s stock worth $132,000 after purchasing an additional 2,856 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Dime Community Bancshares by 386.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,097 shares of the savings and loans company’s stock worth $149,000 after purchasing an additional 4,050 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Dime Community Bancshares by 12.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,572 shares of the savings and loans company’s stock worth $227,000 after purchasing an additional 707 shares during the period. Institutional investors and hedge funds own 72.38% of the company’s stock.

Analyst Ratings Changes

DCOM has been the subject of several analyst reports. Raymond James initiated coverage on shares of Dime Community Bancshares in a research report on Wednesday, January 11th. They set an “outperform” rating for the company. StockNews.com initiated coverage on shares of Dime Community Bancshares in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Stephens increased their price target on shares of Dime Community Bancshares from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday, November 14th. Finally, Piper Sandler decreased their price objective on shares of Dime Community Bancshares to $37.00 in a research report on Wednesday, October 5th.

Dime Community Bancshares Company Profile

(Get Rating)

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that provides various commercial banking and financial services. It accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. The company also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; secured and unsecured commercial and consumer loans; home equity loans; and construction and land loans.

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Earnings History for Dime Community Bancshares (NASDAQ:DCOM)

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