Dime Community Bancshares (DCOM) to Release Earnings on Thursday

Dime Community Bancshares (NASDAQ:DCOM) is expected to be releasing its earnings data before the market opens on Thursday, January 23rd. Analysts expect Dime Community Bancshares to post earnings of $0.44 per share and revenue of $62,631.00 billion for the quarter.

Dime Community Bancshares (NASDAQ:DCOM) last announced its earnings results on Tuesday, October 22nd. The savings and loans company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.12). The firm 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 in the previous year, the firm 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 NASDAQ DCOM opened at $32.25 on Thursday. Dime Community Bancshares has a 1 year low of $17.29 and a 1 year high of $37.60. The firm has a market cap of $1.26 billion, a P/E ratio of 21.50 and a beta of 1.05. The stock has a fifty day moving average price of $33.37 and a two-hundred day moving average price of $28.43. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01.

Dime Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 3.10%. Dime Community Bancshares’s dividend payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

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

Insider Transactions at Dime Community Bancshares

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

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.