Dime Community Bancshares, Inc. (DCOM) To Go Ex-Dividend on January 17th

Dime Community Bancshares, Inc. (NASDAQ:DCOM) announced a quarterly dividend on Tuesday, December 17th,RTT News reports. Shareholders of record on Friday, January 17th will be given a dividend of 0.25 per share by the savings and loans company on Friday, January 24th. This represents a $1.00 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Friday, January 17th.

Dime Community Bancshares has increased its dividend payment by an average of 1.0% annually over the last three years. Dime Community Bancshares has a dividend payout ratio of 36.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Dime Community Bancshares to earn $2.78 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 36.0%.

Dime Community Bancshares Stock Down 5.7 %

Shares of NASDAQ DCOM opened at $32.04 on Thursday. The stock’s fifty day moving average is $33.09 and its 200 day moving average is $26.72. Dime Community Bancshares has a 52 week low of $17.29 and a 52 week high of $37.60. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $1.25 billion, a P/E ratio of 21.36 and a beta of 1.03.

Dime Community Bancshares (NASDAQ:DCOM) 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 business had revenue of $171.87 million during the quarter, compared to analyst estimates of $86.65 million. During the same quarter last year, the company posted $0.56 earnings per share. Sell-side analysts forecast that Dime Community Bancshares will post 1.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Stephens raised Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $30.00 to $39.00 in a report on Monday, November 18th. Raymond James increased their target price on Dime Community Bancshares from $35.00 to $36.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 2nd. StockNews.com cut shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Finally, Keefe, Bruyette & Woods raised their target price on shares of Dime Community Bancshares from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.20.

Insider Buying and Selling

In other Dime Community Bancshares news, CTO Michael Fegan sold 2,000 shares of Dime Community Bancshares stock in a transaction on Monday, December 9th. The shares were 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 approximately $720,742.80. The trade was a 9.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Basswood Capital Management, L acquired 29,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average price of $32.00 per share, with a total value of $928,000.00. Following the transaction, the director now owns 1,044,221 shares of the company’s stock, valued at approximately $33,415,072. This represents a 2.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 9.10% of the stock is owned by insiders.

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.