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

Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) - DA Davidson dropped their FY2025 earnings per share (EPS) estimates for Dime Community Bancshares in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst M. Navas now expects that the savings and loans company will post earnings per share of $3.00 for the year, down from their previous estimate of $3.05. The consensus estimate for Dime Community Bancshares' current full-year earnings is $1.49 per share.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The savings and loans company reported $0.29 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.12). The firm had revenue of $171.87 million for the quarter, compared to analysts' expectations 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 last year, the business earned $0.56 earnings per share.

A number of other research analysts also recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of Dime Community Bancshares from $38.00 to $42.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. StockNews.com lowered Dime Community Bancshares from a "hold" rating to a "sell" rating in a report on Saturday, September 21st. Stephens upgraded Dime Community Bancshares from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $30.00 to $39.00 in a research note on Monday, November 18th. Finally, Raymond James raised their price objective on 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $34.20.

Dime Community Bancshares Stock Down 0.8 %

DCOM traded down $0.24 during midday trading on Monday, hitting $31.09. 224,157 shares of the company's stock traded hands, compared to its average volume of 245,108. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $1.22 billion, a PE ratio of 20.73 and a beta of 1.03. Dime Community Bancshares has a one year low of $17.29 and a one year high of $37.60. The stock's fifty day simple moving average is $33.20 and its 200-day simple moving average is $26.97.

Institutional Trading of Dime Community Bancshares

Several hedge funds and other institutional investors have recently bought and sold shares of DCOM. Kimelman & Baird LLC bought a new stake in shares of Dime Community Bancshares in the second quarter valued at about $56,000. GAMMA Investing LLC lifted its position in shares of Dime Community Bancshares by 30.4% in the 3rd quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company's stock worth $85,000 after acquiring an additional 685 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Dime Community Bancshares by 496.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,805 shares of the savings and loans company's stock worth $98,000 after purchasing an additional 4,000 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Dime Community Bancshares during the second quarter valued at approximately $101,000. Finally, Denali Advisors LLC bought a new stake in shares of Dime Community Bancshares during the second quarter valued at approximately $235,000. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CTO Michael Fegan sold 2,000 shares of the firm's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $35.76, for a total value of $71,520.00. Following the sale, the chief technology officer now owns 20,155 shares in the company, valued at approximately $720,742.80. This trade represents a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Basswood Capital Management, L bought 29,000 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average cost of $32.00 per share, for a total transaction of $928,000.00. Following 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 position. The disclosure for this purchase can be found here. 9.10% of the stock is owned by insiders.

Dime Community Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 17th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.22%. Dime Community Bancshares's payout ratio is presently 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.