FY2025 Earnings Estimate for DCOM Issued By DA Davidson

Dime Community Bancshares, Inc. (NASDAQ:DCOM) – Research analysts at DA Davidson cut their FY2025 earnings per share estimates for Dime Community Bancshares in a research note issued on Tuesday, July 1st. DA Davidson analyst M. Navas now anticipates that the savings and loans company will post earnings per share of $2.50 for the year, down from their previous estimate of $2.55. The consensus estimate for Dime Community Bancshares’ current full-year earnings is $3.06 per share. DA Davidson also issued estimates for Dime Community Bancshares’ FY2026 earnings at $3.70 EPS.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $103.83 million for the quarter, compared to analysts’ expectations of $105.83 million. Dime Community Bancshares had a net margin of 5.08% and a return on equity of 6.05%. During the same quarter last year, the company earned $0.38 EPS.

Several other research firms also recently weighed in on DCOM. Wall Street Zen upgraded shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, April 24th. Stephens lowered their price objective on Dime Community Bancshares from $36.00 to $32.50 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Dime Community Bancshares presently has an average rating of “Buy” and a consensus target price of $36.88.

Dime Community Bancshares Stock Performance

NASDAQ:DCOM opened at $28.64 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $1.26 billion, a PE ratio of 45.46 and a beta of 1.07. Dime Community Bancshares has a fifty-two week low of $19.37 and a fifty-two week high of $37.60. The company has a fifty day moving average of $26.48 and a two-hundred day moving average of $28.41.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DCOM. CoreCap Advisors LLC increased its position in Dime Community Bancshares by 125.0% during the fourth quarter. CoreCap Advisors LLC now owns 900 shares of the savings and loans company’s stock worth $28,000 after purchasing an additional 500 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Dime Community Bancshares by 861.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,135 shares of the savings and loans company’s stock valued at $35,000 after purchasing an additional 1,017 shares during the last quarter. Hughes Financial Services LLC purchased a new stake in shares of Dime Community Bancshares in the 1st quarter valued at approximately $37,000. Parkside Financial Bank & Trust grew its stake in shares of Dime Community Bancshares by 58.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,782 shares of the savings and loans company’s stock valued at $55,000 after buying an additional 654 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Dime Community Bancshares by 14.0% during the 1st quarter. GAMMA Investing LLC now owns 3,931 shares of the savings and loans company’s stock worth $110,000 after buying an additional 483 shares during the last quarter. Hedge funds and other institutional investors own 75.27% of the company’s stock.

Insider Activity at Dime Community Bancshares

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $25.58, for a total value of $51,160.00. Following the completion of the sale, the director directly owned 35,392 shares in the company, valued at $905,327.36. This represents a 5.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.10% of the company’s stock.

Dime Community Bancshares Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 17th will be given a $0.25 dividend. The ex-dividend date is Thursday, July 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.49%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 158.73%.

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.