Research Analysts Set Expectations for DCOM Q1 Earnings

Dime Community Bancshares, Inc. (NASDAQ:DCOM) – Research analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Dime Community Bancshares in a research note issued to investors on Monday, January 27th. DA Davidson analyst M. Navas expects 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.

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

DCOM has been the subject of several other reports. Piper Sandler raised Dime Community Bancshares from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $36.00 to $38.00 in a research report on Thursday, January 23rd. Raymond James raised their price target on shares of Dime Community Bancshares from $35.00 to $36.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods reduced their price objective 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. Finally, Stephens raised shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $30.00 to $39.00 in a report on Monday, November 18th. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Dime Community Bancshares has an average rating of “Moderate Buy” and an average price target of $36.40.

Dime Community Bancshares Price Performance

Shares of DCOM opened at $30.78 on Tuesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The company has a 50 day moving average price of $32.96 and a 200-day moving average price of $29.16. Dime Community Bancshares has a fifty-two week low of $17.29 and a fifty-two week high of $37.60. The stock has a market capitalization of $1.21 billion, a PE ratio of 20.52 and a beta of 1.05.

Institutional Trading of Dime Community Bancshares

Institutional investors have recently made changes to their positions in the company. Royce & Associates LP grew its stake in shares of Dime Community Bancshares by 47.4% in the 3rd quarter. Royce & Associates LP now owns 503,653 shares of the savings and loans company’s stock valued at $14,505,000 after buying an additional 162,004 shares during the period. Barclays PLC increased its position in shares of Dime Community Bancshares by 91.0% during the third quarter. Barclays PLC now owns 75,732 shares of the savings and loans company’s stock worth $2,181,000 after acquiring an additional 36,076 shares during the period. The Manufacturers Life Insurance Company grew its stake in Dime Community Bancshares by 120.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 480,944 shares of the savings and loans company’s stock worth $13,851,000 after purchasing an additional 263,225 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Dime Community Bancshares by 17.4% in the 4th quarter. GAMMA Investing LLC now owns 3,448 shares of the savings and loans company’s stock valued at $106,000 after buying an additional 512 shares during the period. Finally, Systematic Financial Management LP grew its position in shares of Dime Community Bancshares by 15.1% during the third quarter. Systematic Financial Management LP now owns 1,090,834 shares of the savings and loans company’s stock worth $31,416,000 after buying an additional 143,402 shares in the last quarter. 75.27% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dime Community Bancshares

In other news, Director Basswood Capital Management, L acquired 29,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was bought at an average price 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 of the company’s stock, valued at approximately $33,415,072. This represents a 2.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Michael Fegan sold 2,000 shares of the stock in a transaction dated 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 directly owns 20,155 shares in the company, valued at approximately $720,742.80. The trade was a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.10% of the company’s stock.

Dime Community Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 17th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.25%. The ex-dividend date was Friday, January 17th. Dime Community Bancshares’s payout ratio is 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.