Dime Community Bancshares (DCOM) Scheduled to Post Quarterly Earnings on Friday

Dime Community Bancshares (NASDAQ:DCOMGet Rating) is set to release its earnings data before the market opens on Friday, January 27th. Analysts expect Dime Community Bancshares to post earnings of $0.98 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Dime Community Bancshares (NASDAQ:DCOMGet Rating) last released its earnings results on Friday, October 28th. The savings and loans company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.03. The firm had revenue of $109.80 million for the quarter, compared to analysts’ expectations of $104.60 million. Dime Community Bancshares had a return on equity of 14.39% and a net margin of 33.22%. On average, analysts expect Dime Community Bancshares to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Dime Community Bancshares Trading Down 0.6 %

Shares of DCOM traded down $0.21 during mid-day trading on Tuesday, reaching $32.80. 65,163 shares of the company’s stock traded hands, compared to its average volume of 83,158. The stock has a market cap of $1.27 billion, a P/E ratio of 9.19 and a beta of 1.11. The stock’s 50-day moving average is $33.03 and its two-hundred day moving average is $32.49. Dime Community Bancshares has a 12 month low of $28.36 and a 12 month high of $37.30. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.99 and a quick ratio of 0.99.

Dime Community Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 24th. Stockholders of record on Tuesday, January 17th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, January 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.93%. Dime Community Bancshares’s dividend payout ratio is 26.89%.

Analyst Ratings Changes

Several research analysts recently issued reports on DCOM shares. Piper Sandler dropped their price objective on Dime Community Bancshares to $37.00 in a research note on Wednesday, October 5th. StockNews.com started coverage on Dime Community Bancshares in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Raymond James assumed coverage on Dime Community Bancshares in a research note on Wednesday, January 11th. They issued an “outperform” rating on the stock. Finally, Stephens increased their target price on Dime Community Bancshares from $35.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday, November 14th.

Insider Buying and Selling at Dime Community Bancshares

In related news, Director Paul M. Aguggia bought 2,800 shares of the company’s stock in a transaction on Monday, October 31st. The shares were acquired at an average price of $34.87 per share, with a total value of $97,636.00. Following the transaction, the director now owns 3,642 shares of the company’s stock, valued at $126,996.54. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Dime Community Bancshares news, Director Paul M. Aguggia acquired 2,800 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was purchased at an average price of $34.87 per share, for a total transaction of $97,636.00. Following the acquisition, the director now owns 3,642 shares in the company, valued at approximately $126,996.54. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Basswood Capital Management, L sold 23,596 shares of the stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $33.47, for a total value of $789,758.12. Following the sale, the director now owns 6,251 shares of the company’s stock, valued at approximately $209,220.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 169,147 shares of company stock valued at $5,756,685. 15.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Dime Community Bancshares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd lifted its holdings in shares of Dime Community Bancshares by 1,225.8% during the 1st quarter. Point72 Hong Kong Ltd now owns 1,750 shares of the savings and loans company’s stock valued at $60,000 after purchasing an additional 1,618 shares during the last quarter. FMR LLC lifted its holdings in shares of Dime Community Bancshares by 10.1% during the 2nd quarter. FMR LLC now owns 3,879 shares of the savings and loans company’s stock valued at $115,000 after purchasing an additional 357 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Dime Community Bancshares by 179.1% during the 2nd quarter. Captrust Financial Advisors now owns 4,451 shares of the savings and loans company’s stock valued at $132,000 after purchasing an additional 2,856 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Dime Community Bancshares by 386.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,097 shares of the savings and loans company’s stock valued at $149,000 after purchasing an additional 4,050 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Dime Community Bancshares by 12.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,572 shares of the savings and loans company’s stock worth $227,000 after acquiring an additional 707 shares during the last quarter. Hedge funds and other institutional investors own 72.38% of the company’s stock.

Dime Community Bancshares Company Profile

(Get Rating)

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that provides various commercial banking and financial services. It accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. The company also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; secured and unsecured commercial and consumer loans; home equity loans; and construction and land loans.

See Also

Earnings History for Dime Community Bancshares (NASDAQ:DCOM)

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