Dime Community Bancshares (NASDAQ:DCOM – Get Free Report) released its earnings results on Tuesday. The savings and loans company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01, Zacks reports. Dime Community Bancshares had a return on equity of 6.62% and a net margin of 9.98%. The firm had revenue of $171.23 million for the quarter, compared to analysts’ expectations of $82.19 million. During the same quarter in the previous year, the business posted $0.68 earnings per share.
Dime Community Bancshares Price Performance
Dime Community Bancshares stock opened at $23.95 on Thursday. The stock’s 50 day moving average is $19.92 and its 200 day moving average is $20.04. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $933.33 million, a P/E ratio of 13.46 and a beta of 1.01. Dime Community Bancshares has a one year low of $17.29 and a one year high of $27.91.
Dime Community Bancshares Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 24th. Investors of record on Wednesday, July 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date of this dividend was Wednesday, July 17th. Dime Community Bancshares’s dividend payout ratio is currently 56.18%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on DCOM
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.
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