Dime Community Bancshares (DCOM) Projected to Post Quarterly Earnings on Thursday

Dime Community Bancshares (NASDAQ:DCOM) will likely be issuing its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.44 per share and revenue of $62,631.00 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Dime Community Bancshares (NASDAQ:DCOM) last released 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). The company had revenue of $171.87 million for 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 last year, the company earned $0.56 EPS. On average, analysts expect Dime Community Bancshares to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Dime Community Bancshares Stock Performance

Shares of Dime Community Bancshares stock opened at $32.23 on Wednesday. The business has a 50-day simple moving average of $33.23 and a 200 day simple moving average of $28.77. Dime Community Bancshares has a one year low of $17.29 and a one year high of $37.60. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 21.49 and a beta of 1.05.

Dime Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 17th will be paid a $0.25 dividend. The ex-dividend date is Friday, January 17th. This represents a $1.00 dividend on an annualized basis and a yield of 3.10%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 66.67%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their target price on Dime Community Bancshares from $38.00 to $42.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Stephens raised shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $30.00 to $39.00 in a research note on Monday, November 18th. Finally, Raymond James boosted their target price on shares of Dime Community Bancshares from $35.00 to $36.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.20.

Insider Buying and Selling at Dime Community Bancshares

In other Dime Community Bancshares news, CTO Michael Fegan sold 2,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $35.76, for a total value of $71,520.00. Following the completion of the sale, the chief technology officer now directly owns 20,155 shares of the company’s stock, valued at approximately $720,742.80. This represents a 9.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Basswood Capital Management, L bought 29,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were purchased at an average cost of $32.00 per share, for a total transaction of $928,000.00. Following the transaction, the director now owns 1,044,221 shares in the company, valued at approximately $33,415,072. This represents a 2.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 9.10% of the company’s stock.

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.