Dime Community Bancshares (DCOM) to Release Quarterly Earnings on Thursday

Dime Community Bancshares (NASDAQ:DCOMGet Free Report) is expected to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect Dime Community Bancshares to post earnings of $0.44 per share and revenue of $62,631.00 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Dime Community Bancshares (NASDAQ:DCOMGet Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The savings and loans company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.12). Dime Community Bancshares had a net margin of 9.65% and a return on equity of 5.58%. The firm had revenue of $171.87 million for the quarter, compared to analyst estimates of $86.65 million. During the same period last year, the firm posted $0.56 EPS. On average, analysts expect Dime Community Bancshares to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Dime Community Bancshares Stock Down 0.3 %

DCOM stock opened at $31.96 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68. The firm’s 50-day simple moving average is $33.28 and its 200 day simple moving average is $28.68. The stock has a market cap of $1.25 billion, a PE ratio of 21.31 and a beta of 1.05. Dime Community Bancshares has a fifty-two week low of $17.29 and a fifty-two week high of $37.60.

Dime Community Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 17th will be paid a $0.25 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.00 annualized dividend and a dividend yield of 3.13%. Dime Community Bancshares’s payout ratio is currently 66.67%.

Insider Activity

In related news, Director Basswood Capital Management, L bought 29,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average cost of $32.00 per share, for a total transaction of $928,000.00. Following the acquisition, the director now directly owns 1,044,221 shares of the company’s stock, valued at $33,415,072. The trade was a 2.86 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CTO Michael Fegan sold 2,000 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $35.76, for a total value of $71,520.00. Following the sale, the chief technology officer now directly owns 20,155 shares in the company, valued at $720,742.80. This trade represents a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DCOM shares. Raymond James increased their price objective on Dime Community Bancshares from $35.00 to $36.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 2nd. Stephens raised Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $30.00 to $39.00 in a research note on Monday, November 18th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Dime Community Bancshares from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Dime Community Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

Read Our Latest Stock Report on DCOM

Dime Community Bancshares Company Profile

(Get Free Report)

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.

See Also

Earnings History for Dime Community Bancshares (NASDAQ:DCOM)

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