Dime Community Bancshares, Inc. (NASDAQ:DCOM – Free Report) – Equities research analysts at DA Davidson cut their FY2024 EPS estimates for Dime Community Bancshares in a research report issued to clients and investors on Thursday, October 24th. DA Davidson analyst M. Navas now forecasts that the savings and loans company will post earnings of $1.48 per share for the year, down from their prior estimate of $1.60. The consensus estimate for Dime Community Bancshares’ current full-year earnings is $1.61 per share. DA Davidson also issued estimates for Dime Community Bancshares’ Q4 2024 earnings at $0.43 EPS and FY2025 earnings at $3.00 EPS.
Dime Community Bancshares (NASDAQ:DCOM – Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The savings and loans company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). Dime Community Bancshares had a net margin of 9.98% and a return on equity of 6.58%. The business had revenue of $171.87 million during the quarter, compared to the consensus estimate of $86.65 million. During the same period in the prior year, the firm earned $0.56 EPS.
Read Our Latest Report on DCOM
Dime Community Bancshares Trading Down 3.3 %
Shares of DCOM stock opened at $29.53 on Friday. The stock has a market cap of $1.15 billion, a P/E ratio of 16.59 and a beta of 1.00. Dime Community Bancshares has a 1 year low of $17.29 and a 1 year high of $31.75. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.79. The stock has a 50 day simple moving average of $27.28 and a 200 day simple moving average of $22.71.
Institutional Investors Weigh In On Dime Community Bancshares
Hedge funds have recently made changes to their positions in the stock. Kimelman & Baird LLC bought a new position in Dime Community Bancshares in the 2nd quarter valued at approximately $56,000. GAMMA Investing LLC increased 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 worth $85,000 after buying an additional 685 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Dime Community Bancshares by 496.9% in the 2nd 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 last quarter. Quest Partners LLC acquired a new stake in shares of Dime Community Bancshares during the 2nd quarter valued at $101,000. Finally, EMC Capital Management grew its position in Dime Community Bancshares by 42.2% during the 1st quarter. EMC Capital Management now owns 9,861 shares of the savings and loans company’s stock worth $190,000 after acquiring an additional 2,924 shares during the last quarter. 75.27% of the stock is currently owned by institutional investors and hedge funds.
Dime Community Bancshares Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.39%. The ex-dividend date was Thursday, October 17th. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 56.18%.
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.
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