DA Davidson Has Negative Estimate for DCOM FY2025 Earnings

Dime Community Bancshares, Inc. (NASDAQ:DCOM) – Analysts at DA Davidson reduced their FY2025 earnings estimates for Dime Community Bancshares in a research note issued to investors on Thursday, December 19th. DA Davidson analyst M. Navas now expects that the savings and loans company will earn $3.00 per share for the year, down from their prior estimate of $3.05. The consensus estimate for Dime Community Bancshares’ current full-year earnings is $1.49 per share.

Dime Community Bancshares (NASDAQ:DCOM) last issued 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). The company had revenue of $171.87 million during the quarter, compared to analyst estimates of $86.65 million. Dime Community Bancshares had a net margin of 9.65% and a return on equity of 5.58%. During the same quarter last year, the firm earned $0.56 EPS.

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

Dime Community Bancshares Trading Up 0.6 %

NASDAQ:DCOM opened at $31.28 on Monday. Dime Community Bancshares has a 12-month low of $17.29 and a 12-month high of $37.60. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The stock’s 50 day simple moving average is $33.21 and its 200-day simple moving average is $27.06. The firm has a market cap of $1.22 billion, a P/E ratio of 20.85 and a beta of 1.03.

Dime Community Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 17th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 3.20%. Dime Community Bancshares’s payout ratio is currently 66.67%.

Insider Buying and Selling at Dime Community Bancshares

In other news, Director Basswood Capital Management, L bought 29,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were bought at an average price of $32.00 per share, with a total value of $928,000.00. Following the completion of the acquisition, the director now owns 1,044,221 shares of the company’s stock, valued at approximately $33,415,072. This trade represents a 2.86 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Michael Fegan sold 2,000 shares of Dime Community Bancshares 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 transaction, the chief technology officer now directly owns 20,155 shares of the company’s stock, valued at $720,742.80. This trade represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. 9.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dime Community Bancshares

A number of large investors have recently bought and sold shares of the stock. Rhumbline Advisers boosted its stake in shares of Dime Community Bancshares by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 109,328 shares of the savings and loans company’s stock worth $2,230,000 after purchasing an additional 428 shares during the last quarter. Quest Partners LLC grew its stake in Dime Community Bancshares by 9.4% in the 3rd quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company’s stock worth $155,000 after acquiring an additional 465 shares during the period. GAMMA Investing LLC raised its holdings in Dime Community Bancshares by 30.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company’s stock valued at $85,000 after acquiring an additional 685 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Dime Community Bancshares by 31.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 6,305 shares of the savings and loans company’s stock worth $182,000 after purchasing an additional 1,500 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in shares of Dime Community Bancshares by 4.5% during the second quarter. Victory Capital Management Inc. now owns 46,000 shares of the savings and loans company’s stock worth $938,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.

About Dime Community Bancshares

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.