DA Davidson Has Negative Outlook for DCOM FY2025 Earnings

Dime Community Bancshares, Inc. (NASDAQ:DCOM) – Equities research analysts at DA Davidson dropped their FY2025 earnings per share estimates for Dime Community Bancshares in a research note issued on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the savings and loans company will post earnings of $3.00 per share for the year, down from their prior forecast 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 announced its earnings results on Tuesday, October 22nd. The savings and loans company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.12). The company had revenue of $171.87 million for the quarter, compared to analysts’ expectations 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 in the previous year, the business posted $0.56 earnings per share.

A number of other equities research analysts have also weighed in on DCOM. Stephens raised shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $30.00 to $39.00 in a report on Monday, November 18th. StockNews.com lowered Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Keefe, Bruyette & Woods boosted their price target on Dime Community Bancshares from $38.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, Raymond James raised their price objective 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.20.

Dime Community Bancshares Stock Up 0.6 %

Shares of NASDAQ:DCOM opened at $31.28 on Monday. The company has a 50 day moving average of $33.21 and a two-hundred day moving average of $27.06. Dime Community Bancshares has a 52-week low of $17.29 and a 52-week high of $37.60. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 20.85 and a beta of 1.03.

Hedge Funds Weigh In On Dime Community Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Kimelman & Baird LLC acquired a new stake in shares of Dime Community Bancshares during the 2nd quarter worth approximately $56,000. GAMMA Investing LLC boosted its holdings in shares of Dime Community Bancshares by 30.4% during the third 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 period. Nisa Investment Advisors LLC boosted its holdings in shares of Dime Community Bancshares by 496.9% during the second quarter. Nisa Investment Advisors LLC now owns 4,805 shares of the savings and loans company’s stock valued at $98,000 after acquiring an additional 4,000 shares during the period. Quest Partners LLC bought a new position in shares of Dime Community Bancshares during the second quarter worth about $101,000. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Dime Community Bancshares in the 3rd quarter worth about $235,000. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L purchased 29,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average cost of $32.00 per share, with a total value of $928,000.00. Following the acquisition, 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Michael Fegan sold 2,000 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $35.76, for a total transaction of $71,520.00. Following the sale, the chief technology officer now owns 20,155 shares in the company, valued at approximately $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 owned by corporate insiders.

Dime Community Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 17th will be paid a $0.25 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.00 dividend on an annualized basis and a yield of 3.20%. Dime Community Bancshares’s dividend payout ratio (DPR) is 66.67%.

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.