Analysts Set Expectations for Dime Community Bancshares, Inc.’s Q2 2024 Earnings (NASDAQ:DCOM)

Dime Community Bancshares, Inc. (NASDAQ:DCOM) – Stock analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of Dime Community Bancshares in a research report issued to clients and investors on Thursday, April 25th. DA Davidson analyst M. Navas forecasts that the savings and loans company will post earnings of $0.31 per share for the quarter. DA Davidson has a “Buy” rating and a $28.00 price target on the stock. The consensus estimate for Dime Community Bancshares’ current full-year earnings is $1.67 per share.

A number of other research firms also recently weighed in on DCOM. StockNews.com downgraded Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Keefe, Bruyette & Woods cut their target price on Dime Community Bancshares from $30.00 to $25.50 and set an “outperform” rating for the company in a research report on Friday, April 5th. Finally, Raymond James cut their target price on Dime Community Bancshares from $30.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, March 13th.

Dime Community Bancshares Stock Performance

NASDAQ:DCOM opened at $18.20 on Monday. The stock has a fifty day moving average price of $18.58 and a 200-day moving average price of $21.01. The company has a market cap of $707.62 million, a price-to-earnings ratio of 10.22 and a beta of 1.02. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.02 and a current ratio of 1.02. Dime Community Bancshares has a fifty-two week low of $15.57 and a fifty-two week high of $27.91.

Institutional Trading of Dime Community Bancshares

Several institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in shares of Dime Community Bancshares by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,146,521 shares of the savings and loans company’s stock worth $57,807,000 after buying an additional 43,679 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Dime Community Bancshares by 11.1% during the 3rd quarter. Brown Advisory Inc. now owns 769,199 shares of the savings and loans company’s stock worth $15,353,000 after buying an additional 77,113 shares during the last quarter. American Century Companies Inc. increased its holdings in Dime Community Bancshares by 14.2% in the 3rd quarter. American Century Companies Inc. now owns 369,130 shares of the savings and loans company’s stock worth $7,368,000 after purchasing an additional 46,033 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in Dime Community Bancshares by 1,218.3% in the 4th quarter. First Eagle Investment Management LLC now owns 300,654 shares of the savings and loans company’s stock worth $8,097,000 after purchasing an additional 277,847 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Dime Community Bancshares by 6.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 290,838 shares of the savings and loans company’s stock worth $7,832,000 after purchasing an additional 17,446 shares in the last quarter. 75.27% of the stock is currently owned by institutional investors.

Dime Community Bancshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 17th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, April 16th. This represents a $1.00 annualized dividend and a dividend yield of 5.49%. Dime Community Bancshares’s dividend payout ratio is currently 56.18%.

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.