Dime Community Bancshares, Inc. (DCOM) Expected to Announce Earnings of $0.35 Per Share
Analysts predict that Dime Community Bancshares, Inc. (NASDAQ:DCOM) will announce earnings per share (EPS) of $0.35 for the current quarter, according to Zacks. Zero analysts have made estimates for Dime Community Bancshares’ earnings. Dime Community Bancshares posted earnings per share of $0.33 during the same quarter last year, which indicates a positive year-over-year growth rate of 6.1%. The company is scheduled to report its next quarterly earnings results on Thursday, January 25th.
According to Zacks, analysts expect that Dime Community Bancshares will report full-year earnings of $1.29 per share for the current fiscal year. For the next fiscal year, analysts expect that the company will report earnings of $1.48 per share. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Dime Community Bancshares.
Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. Dime Community Bancshares had a return on equity of 8.28% and a net margin of 16.99%. The business had revenue of $42.74 million for the quarter.
Several research firms have recently issued reports on DCOM. Barclays PLC raised their price objective on Dime Community Bancshares from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Wednesday, October 11th. Piper Jaffray Companies cut Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a report on Friday, November 3rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $23.00 price objective on shares of Dime Community Bancshares in a report on Tuesday, October 3rd. BidaskClub cut Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, ValuEngine upgraded Dime Community Bancshares from a “hold” rating to a “buy” rating in a report on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $22.17.
Shares of Dime Community Bancshares (DCOM) opened at $20.10 on Tuesday. Dime Community Bancshares has a fifty-two week low of $18.00 and a fifty-two week high of $22.65. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.27. The stock has a market capitalization of $744.72, a price-to-earnings ratio of 15.55 and a beta of 0.83.
The company also recently announced a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Monday, November 6th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Friday, November 3rd. Dime Community Bancshares’s payout ratio is currently 56.00%.
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Institutional investors have recently modified their holdings of the stock. Sei Investments Co. boosted its holdings in Dime Community Bancshares by 98,220.0% in the second quarter. Sei Investments Co. now owns 4,916 shares of the savings and loans company’s stock valued at $109,000 after acquiring an additional 4,911 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Dime Community Bancshares by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 6,167 shares of the savings and loans company’s stock valued at $120,000 after acquiring an additional 2,717 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Dime Community Bancshares by 8.4% in the second quarter. SG Americas Securities LLC now owns 6,243 shares of the savings and loans company’s stock valued at $122,000 after acquiring an additional 486 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Dime Community Bancshares by 17.6% in the second quarter. Victory Capital Management Inc. now owns 9,442 shares of the savings and loans company’s stock valued at $185,000 after acquiring an additional 1,416 shares during the last quarter. Finally, Federated Investors Inc. PA boosted its holdings in Dime Community Bancshares by 0.5% in the second quarter. Federated Investors Inc. PA now owns 9,493 shares of the savings and loans company’s stock valued at $186,000 after acquiring an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 67.84% of the company’s stock.
About Dime Community Bancshares
Dime Community Bancshares, Inc operates as a holding company for Dime Community Bank (the Bank), a chartered savings bank. The Company is a unitary savings and loan holding company. The Company operates through Community Banking segment. The Bank’s principal business is gathering retail deposits, and lending them primarily in multifamily residential, commercial real estate and mixed use loans, as well as investing in mortgage-backed securities (MBS), obligations of the United States Government and Government Sponsored Entities (GSEs), and corporate debt and equity securities.
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