Equities Analysts Issue Forecasts for DCOM Q1 Earnings

Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) - Investment analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for Dime Community Bancshares in a research note issued on Monday, January 27th. DA Davidson analyst M. Navas expects that the savings and loans company will post earnings of $0.52 per share for the quarter. The consensus estimate for Dime Community Bancshares' current full-year earnings is $1.49 per share.

A number of other equities analysts have also issued reports on DCOM. Stephens raised Dime Community Bancshares from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $30.00 to $39.00 in a research report on Monday, November 18th. Keefe, Bruyette & Woods cut their price objective on Dime Community Bancshares from $42.00 to $41.00 and set an "outperform" rating for the company in a research report on Friday. Raymond James boosted their price objective on shares of Dime Community Bancshares from $35.00 to $36.00 and gave the company a "strong-buy" rating in a research report on Wednesday, October 2nd. Finally, Piper Sandler raised Dime Community Bancshares from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $36.00 to $38.00 in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $36.40.

Dime Community Bancshares Trading Down 0.7 %

DCOM stock traded down $0.21 during trading on Tuesday, reaching $30.78. 232,906 shares of the stock traded hands, compared to its average volume of 368,589. The business's 50 day moving average price is $32.96 and its 200-day moving average price is $29.16. Dime Community Bancshares has a 52-week low of $17.29 and a 52-week high of $37.60. 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 firm has a market capitalization of $1.21 billion, a PE ratio of 20.52 and a beta of 1.05.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.02). Dime Community Bancshares had a net margin of 9.65% and a return on equity of 5.58%.

Hedge Funds Weigh In On Dime Community Bancshares

Large investors have recently made changes to their positions in the stock. Empowered Funds LLC grew its position in Dime Community Bancshares by 5.1% during the fourth quarter. Empowered Funds LLC now owns 77,853 shares of the savings and loans company's stock valued at $2,393,000 after acquiring an additional 3,745 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Dime Community Bancshares by 11.0% during the 4th quarter. State of Alaska Department of Revenue now owns 22,324 shares of the savings and loans company's stock valued at $686,000 after purchasing an additional 2,217 shares in the last quarter. KBC Group NV increased its holdings in Dime Community Bancshares by 50.8% in the 4th quarter. KBC Group NV now owns 2,697 shares of the savings and loans company's stock worth $83,000 after buying an additional 909 shares in the last quarter. USA Financial Formulas bought a new position in Dime Community Bancshares in the fourth quarter valued at about $92,000. Finally, GAMMA Investing LLC increased its position in Dime Community Bancshares by 17.4% in the fourth quarter. GAMMA Investing LLC now owns 3,448 shares of the savings and loans company's stock worth $106,000 after buying an additional 512 shares in the last quarter. 75.27% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CTO Michael Fegan sold 2,000 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $35.76, for a total value of $71,520.00. Following the completion of the sale, the chief technology officer now owns 20,155 shares of the company's stock, valued at approximately $720,742.80. This represents a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Basswood Capital Management, L purchased 29,000 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were acquired at an average price of $32.00 per share, for a total transaction of $928,000.00. Following the completion of the acquisition, the director now directly owns 1,044,221 shares in the company, valued at approximately $33,415,072. This 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 17th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 3.25%. Dime Community Bancshares's dividend payout ratio is currently 66.67%.

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.