Dime Community Bancshares (DCOM) Expected to Announce Quarterly Earnings on Thursday

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) is expected to be posting its quarterly earnings results 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. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last announced 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). Dime Community Bancshares had a net margin of 9.65% and a return on equity of 5.58%. The company had revenue of $171.87 million for the quarter, compared to analyst estimates of $86.65 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. 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 Trading Down 0.6 %

Shares of DCOM stock traded down $0.20 during trading hours on Thursday, hitting $32.05. The company had a trading volume of 222,418 shares, compared to its average volume of 335,312. 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 stock has a market capitalization of $1.25 billion, a PE ratio of 21.37 and a beta of 1.05. The company's fifty day moving average is $33.33 and its 200 day moving average is $28.46. Dime Community Bancshares has a fifty-two week low of $17.29 and a fifty-two week high of $37.60.

Dime Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 17th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Friday, January 17th. Dime Community Bancshares's payout ratio is 66.67%.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Basswood Capital Management, L acquired 29,000 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were bought at an average cost of $32.00 per share, with a total value of $928,000.00. Following the transaction, the director now owns 1,044,221 shares in the company, valued at approximately $33,415,072. This trade represents a 2.86 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Michael Fegan sold 2,000 shares of Dime Community Bancshares stock in a transaction on 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 of the company's stock, valued at approximately $720,742.80. This trade represents 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 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.