Dime Community Bancshares, Inc. (DCOM) To Go Ex-Dividend on April 17th

Dime Community Bancshares, Inc. (NASDAQ:DCOM) declared a quarterly dividend on Thursday, March 27th, RTT News reports. Shareholders of record on Thursday, April 17th will be paid a dividend of 0.25 per share by the savings and loans company on Thursday, April 24th. This represents a $1.00 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Thursday, April 17th.

Dime Community Bancshares has raised its dividend by an average of 1.4% annually over the last three years. Dime Community Bancshares has a payout ratio of 25.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Dime Community Bancshares to earn $3.98 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 25.1%.

Dime Community Bancshares Stock Down 2.1 %

DCOM stock opened at $27.65 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.03 and a quick ratio of 1.03. The company’s 50 day simple moving average is $30.17 and its 200-day simple moving average is $30.92. Dime Community Bancshares has a 12 month low of $17.49 and a 12 month high of $37.60. The firm has a market capitalization of $1.21 billion, a PE ratio of 46.87 and a beta of 1.04.

Dime Community Bancshares (NASDAQ:DCOM) last announced its earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). Dime Community Bancshares had a net margin of 4.50% and a return on equity of 5.43%. Equities analysts expect that Dime Community Bancshares will post 3.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DCOM shares. Keefe, Bruyette & Woods reduced their target price on shares of Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating on the stock in a report on Friday, January 24th. Piper Sandler upgraded shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $36.00 to $38.00 in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Dime Community Bancshares currently has a consensus rating of “Moderate Buy” and an average target price of $38.50.

Insider Buying and Selling at Dime Community Bancshares

In other news, Director Raymond A. Nielsen sold 3,000 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $31.25, for a total transaction of $93,750.00. Following the completion of the sale, the director now directly owns 41,185 shares of the company’s stock, valued at $1,287,031.25. The trade was a 6.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Basswood Capital Management, L sold 9,815 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $31.20, for a total value of $306,228.00. Following the completion of the transaction, the director now directly owns 37,147 shares in the company, valued at $1,158,986.40. This trade represents a 20.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired 1,729 shares of company stock worth $48,021 in the last 90 days. 9.10% of the stock is owned by company insiders.

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.