Q1 Earnings Forecast for DCOM Issued By DA Davidson

Dime Community Bancshares, Inc. (NASDAQ:DCOM) – Research analysts at DA Davidson issued their Q1 2025 EPS estimates for shares of Dime Community Bancshares in a research note issued to investors on Monday, January 27th. DA Davidson analyst M. Navas anticipates that the savings and loans company will post earnings per share of $0.52 for the quarter. The consensus estimate for Dime Community Bancshares’ current full-year earnings is $1.49 per share.

Other equities research analysts have also issued reports about the stock. Keefe, Bruyette & Woods decreased their target price on shares of Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. Stephens upgraded Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $30.00 to $39.00 in a research report on Monday, November 18th. Raymond James raised their target price on 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. Finally, Piper Sandler raised shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and upped their price target for the company 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, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $36.40.

Dime Community Bancshares Stock Down 0.7 %

DCOM opened at $30.78 on Tuesday. Dime Community Bancshares has a twelve month low of $17.29 and a twelve month high of $37.60. 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 firm has a 50 day moving average price of $32.96 and a 200-day moving average price of $29.16. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 20.52 and a beta of 1.05.

Dime Community Bancshares (NASDAQ:DCOM) last issued its earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). Dime Community Bancshares had a net margin of 9.65% and a return on equity of 5.58%.

Dime Community Bancshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 17th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.25%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 66.67%.

Insider Activity at Dime Community Bancshares

In related news, CTO Michael Fegan sold 2,000 shares of Dime Community Bancshares stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $35.76, for a total transaction of $71,520.00. Following the sale, the chief technology officer now owns 20,155 shares of the company’s stock, valued at approximately $720,742.80. This trade represents a 9.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Basswood Capital Management, L purchased 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, with a total value of $928,000.00. Following the completion of the purchase, the director now directly owns 1,044,221 shares in the company, valued at $33,415,072. This trade represents a 2.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 9.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dime Community Bancshares

Several large investors have recently bought and sold shares of DCOM. Kimelman & Baird LLC bought a new stake in shares of Dime Community Bancshares in the 2nd quarter valued at approximately $56,000. KBC Group NV increased its position in Dime Community Bancshares by 50.8% during the fourth quarter. KBC Group NV now owns 2,697 shares of the savings and loans company’s stock valued at $83,000 after acquiring an additional 909 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Dime Community Bancshares by 30.4% in the third quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company’s stock valued at $85,000 after acquiring an additional 685 shares during the period. USA Financial Formulas purchased a new stake in shares of Dime Community Bancshares in the fourth quarter valued at $92,000. Finally, Quest Partners LLC lifted its holdings in shares of Dime Community Bancshares by 9.4% in the 3rd quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company’s stock worth $155,000 after acquiring an additional 465 shares during the last quarter. 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.