DA Davidson Has Positive Forecast for DCOM FY2025 Earnings

Dime Community Bancshares, Inc. (NASDAQ:DCOM) – Equities research analysts at DA Davidson boosted their FY2025 earnings estimates for shares of Dime Community Bancshares in a report issued on Thursday, November 14th. DA Davidson analyst M. Navas now anticipates that the savings and loans company will earn $3.05 per share for the year, up from their previous estimate of $3.00. The consensus estimate for Dime Community Bancshares’ current full-year earnings is $1.48 per share.

Dime Community Bancshares (NASDAQ:DCOM) last issued its earnings results on Tuesday, October 22nd. The savings and loans company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.12). The firm had revenue of $171.87 million during the quarter, compared to the consensus estimate of $86.65 million. Dime Community Bancshares had a return on equity of 5.58% and a net margin of 9.65%. During the same period in the prior year, the company posted $0.56 EPS.

DCOM has been the topic of several other reports. Keefe, Bruyette & Woods lifted their target price on Dime Community Bancshares from $25.50 to $28.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Piper Sandler cut Dime Community Bancshares from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $23.00 to $26.00 in a report on Tuesday, July 23rd. Raymond James lifted their target price on Dime Community Bancshares from $35.00 to $36.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 2nd. StockNews.com cut Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Finally, Stephens raised Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $30.00 to $39.00 in a report on Monday. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.40.

Dime Community Bancshares Trading Down 1.4 %

Shares of Dime Community Bancshares stock opened at $34.80 on Monday. Dime Community Bancshares has a twelve month low of $17.29 and a twelve month high of $36.05. 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 business has a 50-day moving average price of $29.68 and a 200-day moving average price of $24.31. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 23.20 and a beta of 0.99.

Dime Community Bancshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, October 17th. This represents a $1.00 annualized dividend and a yield of 2.87%. Dime Community Bancshares’s payout ratio is currently 66.67%.

Insiders Place Their Bets

In other Dime Community Bancshares news, Director Basswood Capital Management, L bought 29,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was acquired at an average price of $32.00 per share, for a total transaction of $928,000.00. Following the completion of the transaction, the director now directly owns 1,044,221 shares of the company’s stock, valued at approximately $33,415,072. This represents a 2.86 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 9.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its position in shares of Dime Community Bancshares by 1.2% during the third quarter. Geode Capital Management LLC now owns 860,009 shares of the savings and loans company’s stock valued at $24,773,000 after buying an additional 9,978 shares during the period. Barclays PLC boosted its position in shares of Dime Community Bancshares by 91.0% during the third quarter. Barclays PLC now owns 75,732 shares of the savings and loans company’s stock valued at $2,181,000 after buying an additional 36,076 shares during the period. Systematic Financial Management LP boosted its position in shares of Dime Community Bancshares by 15.1% during the third quarter. Systematic Financial Management LP now owns 1,090,834 shares of the savings and loans company’s stock valued at $31,416,000 after buying an additional 143,402 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Dime Community Bancshares by 120.9% during the third quarter. The Manufacturers Life Insurance Company now owns 480,944 shares of the savings and loans company’s stock valued at $13,851,000 after buying an additional 263,225 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Dime Community Bancshares by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 316,611 shares of the savings and loans company’s stock valued at $9,118,000 after buying an additional 5,052 shares during the period. Hedge funds and other institutional investors own 75.27% of the company’s stock.

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.