What is DA Davidson’s Estimate for DCOM FY2025 Earnings?

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

Several other equities research analysts have also weighed in on the company. StockNews.com lowered Dime Community Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Stephens upgraded Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $30.00 to $39.00 in a research note on Monday, November 18th. Raymond James boosted their target price on shares of Dime Community Bancshares from $35.00 to $36.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods increased their target price on shares of Dime Community Bancshares from $38.00 to $42.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.20.

Dime Community Bancshares Stock Performance

NASDAQ:DCOM opened at $31.33 on Monday. The firm has a market capitalization of $1.23 billion, a PE ratio of 20.89 and a beta of 1.03. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68. Dime Community Bancshares has a 12-month low of $17.29 and a 12-month high of $37.60. The firm has a 50-day moving average price of $33.20 and a 200 day moving average price of $26.97.

Dime Community Bancshares (NASDAQ:DCOM) last announced 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). 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 analyst estimates of $86.65 million. During the same quarter in the prior year, the company posted $0.56 EPS.

Dime Community Bancshares Announces Dividend

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

Insider Activity

In other Dime Community Bancshares news, CTO Michael Fegan sold 2,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $35.76, for a total value of $71,520.00. Following the transaction, the chief technology officer now directly owns 20,155 shares in the company, valued at approximately $720,742.80. This trade represents a 9.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Basswood Capital Management, L bought 29,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average price of $32.00 per share, with a total value of $928,000.00. Following the transaction, the director now owns 1,044,221 shares of the company’s stock, valued at $33,415,072. The trade was 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 currently owned by corporate insiders.

Hedge Funds Weigh In On Dime Community Bancshares

Several hedge funds have recently added to or reduced their stakes in the company. Kimelman & Baird LLC acquired a new position in Dime Community Bancshares during the 2nd quarter valued at about $56,000. GAMMA Investing LLC lifted its holdings in 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 buying an additional 685 shares during the period. Nisa Investment Advisors LLC boosted its stake in Dime Community Bancshares by 496.9% in the second quarter. Nisa Investment Advisors LLC now owns 4,805 shares of the savings and loans company’s stock valued at $98,000 after acquiring an additional 4,000 shares during the last quarter. Quest Partners LLC acquired a new stake in Dime Community Bancshares during the 2nd quarter worth $101,000. Finally, Denali Advisors LLC bought a new stake in shares of Dime Community Bancshares during the 2nd quarter valued at $235,000. 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.