Equities research analysts predict that Dime Community Bancshares, Inc. (NASDAQ:DCOM) will post earnings per share of $0.35 for the current quarter, Zacks reports. Zero analysts have provided estimates for Dime Community Bancshares’ earnings. Dime Community Bancshares reported earnings per share of $0.30 in the same quarter last year, which suggests a positive year over year growth rate of 16.7%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, April 26th.
According to Zacks, analysts expect that Dime Community Bancshares will report full year earnings of $1.45 per share for the current fiscal year. For the next year, analysts anticipate that the firm will report earnings of $1.50 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Dime Community Bancshares.
Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Thursday, January 25th. The savings and loans company reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Dime Community Bancshares had a return on equity of 8.30% and a net margin of 22.21%. The firm had revenue of $52.44 million for the quarter.
Several research analysts have recently commented on the company. BidaskClub raised Dime Community Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Sandler O’Neill reissued a “buy” rating and set a $23.00 target price on shares of Dime Community Bancshares in a research note on Friday, January 26th. Barclays lifted their target price on Dime Community Bancshares from $21.00 to $22.00 and gave the company an “underweight” rating in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $21.50 target price on shares of Dime Community Bancshares in a research note on Tuesday, January 30th. Finally, ValuEngine downgraded Dime Community Bancshares from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $21.63.
In other Dime Community Bancshares news, EVP Stuart H. Lubow bought 2,300 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were bought at an average price of $19.25 per share, with a total value of $44,275.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Steven D. Cohn sold 10,000 shares of Dime Community Bancshares stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $19.21, for a total value of $192,100.00. Following the completion of the sale, the director now directly owns 81,990 shares in the company, valued at approximately $1,575,027.90. The disclosure for this sale can be found here. Insiders have purchased a total of 4,300 shares of company stock worth $81,980 in the last three months. 7.30% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund increased its stake in Dime Community Bancshares by 2.3% in the 3rd quarter. New York State Common Retirement Fund now owns 162,323 shares of the savings and loans company’s stock worth $3,490,000 after acquiring an additional 3,604 shares during the last quarter. Schroder Investment Management Group increased its stake in Dime Community Bancshares by 22.4% in the 4th quarter. Schroder Investment Management Group now owns 20,197 shares of the savings and loans company’s stock worth $423,000 after acquiring an additional 3,691 shares during the last quarter. Hennessy Advisors Inc. increased its stake in Dime Community Bancshares by 1.7% in the 4th quarter. Hennessy Advisors Inc. now owns 305,000 shares of the savings and loans company’s stock worth $6,390,000 after acquiring an additional 5,000 shares during the last quarter. Rhumbline Advisers increased its stake in Dime Community Bancshares by 8.5% in the 4th quarter. Rhumbline Advisers now owns 73,175 shares of the savings and loans company’s stock worth $1,533,000 after acquiring an additional 5,702 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in Dime Community Bancshares by 48.9% in the 4th quarter. Two Sigma Advisers LP now owns 17,963 shares of the savings and loans company’s stock worth $376,000 after acquiring an additional 5,900 shares during the last quarter. 72.86% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ DCOM opened at $18.80 on Tuesday. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.31 and a current ratio of 1.31. Dime Community Bancshares has a 52 week low of $17.75 and a 52 week high of $22.65. The stock has a market capitalization of $695.35, a PE ratio of 14.38 and a beta of 0.72.
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About Dime Community Bancshares
Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. It offers deposit products, such as savings, money market, and interest bearing and non-interest bearing checking accounts, as well as certificates of deposit.
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