DA Davidson Has Bearish Estimate for DCOM FY2025 Earnings

Dime Community Bancshares, Inc. (NASDAQ:DCOM) – Stock analysts at DA Davidson lowered their FY2025 EPS estimates for shares of Dime Community Bancshares in a report issued on Thursday, December 19th. DA Davidson analyst M. Navas now forecasts that the savings and loans company will earn $3.00 per share for the year, down from their previous estimate of $3.05. The consensus estimate for Dime Community Bancshares’ current full-year earnings is $1.49 per share.

Dime Community Bancshares (NASDAQ:DCOM) last released its earnings results 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). Dime Community Bancshares had a net margin of 9.65% and a return on equity of 5.58%. The business had revenue of $171.87 million during the quarter, compared to analysts’ expectations of $86.65 million. During the same quarter in the previous year, the company earned $0.56 EPS.

A number of other brokerages also recently weighed in on DCOM. Stephens upgraded Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $30.00 to $39.00 in a report on Monday, November 18th. Raymond James increased 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. Keefe, Bruyette & Woods boosted their price target on shares of Dime Community Bancshares from $38.00 to $42.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Finally, StockNews.com lowered Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Dime Community Bancshares currently has an average rating of “Moderate Buy” and a consensus target price of $34.20.

Dime Community Bancshares Stock Down 0.3 %

Shares of Dime Community Bancshares stock opened at $31.33 on Monday. Dime Community Bancshares has a 1 year low of $17.29 and a 1 year high of $37.60. The company has a market cap of $1.23 billion, a P/E ratio of 20.89 and a beta of 1.03. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average price of $33.20 and a 200 day moving average price of $26.97.

Institutional Trading of Dime Community Bancshares

Several hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its holdings 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 worth $13,851,000 after buying an additional 263,225 shares during the last quarter. Royce & Associates LP increased its position in Dime Community Bancshares by 47.4% during the third quarter. Royce & Associates LP now owns 503,653 shares of the savings and loans company’s stock worth $14,505,000 after acquiring an additional 162,004 shares during the period. Systematic Financial Management LP raised its stake in Dime Community Bancshares by 15.1% during the 3rd 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 purchasing an additional 143,402 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Dime Community Bancshares by 33.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 488,554 shares of the savings and loans company’s stock valued at $9,967,000 after purchasing an additional 123,800 shares during the period. Finally, American Century Companies Inc. grew its position in Dime Community Bancshares by 13.9% in the 2nd quarter. American Century Companies Inc. now owns 635,265 shares of the savings and loans company’s stock worth $12,959,000 after purchasing an additional 77,284 shares during the last quarter. Institutional investors own 75.27% of the company’s stock.

Insiders Place Their Bets

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

Dime Community Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 17th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Friday, January 17th. Dime Community Bancshares’s dividend payout ratio is presently 66.67%.

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.