What is DA Davidson's Forecast for DCOM Q4 Earnings?

Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) - Research analysts at DA Davidson decreased their Q4 2024 EPS estimates for shares of Dime Community Bancshares in a research report issued on Thursday, November 14th. DA Davidson analyst M. Navas now expects that the savings and loans company will post earnings per share of $0.42 for the quarter, down from their previous estimate of $0.43. The consensus estimate for Dime Community Bancshares' current full-year earnings is $1.48 per share.

Several other research analysts have also recently weighed in on the stock. Piper Sandler cut shares of Dime Community Bancshares from an "overweight" rating to a "neutral" rating and boosted their price target for the stock from $23.00 to $26.00 in a report on Tuesday, July 23rd. StockNews.com cut shares of Dime Community Bancshares from a "hold" rating to a "sell" rating in a research report on Saturday, September 21st. Raymond James upped their target price 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. Finally, Keefe, Bruyette & Woods lifted their price target on Dime Community Bancshares from $25.50 to $28.00 and gave the stock an "outperform" rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $29.50.

Dime Community Bancshares Stock Down 0.4 %

DCOM traded down $0.15 during mid-day trading on Friday, reaching $33.70. 345,014 shares of the stock were exchanged, compared to its average volume of 231,346. Dime Community Bancshares has a 1 year low of $17.29 and a 1 year high of $35.21. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The stock has a market capitalization of $1.32 billion, a PE ratio of 22.11 and a beta of 0.99. The company has a 50 day moving average price of $29.30 and a two-hundred day moving average price of $24.01.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The savings and loans company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.12). The company had revenue of $171.87 million for the quarter, compared to analysts' expectations of $86.65 million. Dime Community Bancshares had a net margin of 9.65% and a return on equity of 5.58%. During the same period in the previous year, the firm earned $0.56 EPS.

Institutional Investors Weigh In On Dime Community Bancshares

Several institutional investors have recently added to or reduced their stakes in the business. Kimelman & Baird LLC purchased a new position in shares of Dime Community Bancshares in the second quarter worth about $56,000. GAMMA Investing LLC lifted its position in shares of Dime Community Bancshares by 30.4% during the third 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 in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Dime Community Bancshares by 496.9% in the second quarter. Nisa Investment Advisors LLC now owns 4,805 shares of the savings and loans company's stock worth $98,000 after acquiring an additional 4,000 shares during the period. Quest Partners LLC purchased a new position in shares of Dime Community Bancshares in the second quarter valued at $101,000. Finally, Vontobel Holding Ltd. bought a new stake in shares of Dime Community Bancshares during the 3rd quarter valued at $235,000. 75.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Basswood Capital Management, L purchased 29,000 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was bought at an average price of $32.00 per share, for a total transaction of $928,000.00. Following the purchase, the director now owns 1,044,221 shares of the company's stock, valued at $33,415,072. The trade was a 2.86 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 9.10% of the company's stock.

Dime Community Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date was Thursday, October 17th. Dime Community Bancshares's payout ratio is 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.