Dime Community Bancshares (NASDAQ:DCOM – Get Free Report) posted its quarterly earnings results on Tuesday. The savings and loans company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01, Zacks reports. The business had revenue of $171.23 million during the quarter, compared to the consensus estimate of $82.19 million. Dime Community Bancshares had a net margin of 9.98% and a return on equity of 6.62%. During the same period in the previous year, the firm posted $0.68 earnings per share.
Dime Community Bancshares Stock Up 3.7 %
Shares of NASDAQ DCOM traded up $0.88 during midday trading on Thursday, hitting $24.83. The stock had a trading volume of 245,833 shares, compared to its average volume of 230,559. The business’s 50 day moving average is $19.92 and its 200-day moving average is $20.04. The company has a market cap of $967.63 million, a P/E ratio of 13.46 and a beta of 1.01. Dime Community Bancshares has a 52 week low of $17.29 and a 52 week high of $27.91. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.87.
Dime Community Bancshares Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 17th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, July 17th. This represents a $1.00 annualized dividend and a dividend yield of 4.03%. Dime Community Bancshares’s dividend payout ratio is presently 56.18%.
Wall Street Analysts Forecast Growth
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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.
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