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

Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) - DA Davidson raised their FY2025 earnings estimates for shares of Dime Community Bancshares in a report issued on Thursday, November 14th. DA Davidson analyst M. Navas now forecasts that the savings and loans company will earn $3.05 per share for the year, up from their prior estimate of $3.00. The consensus estimate for Dime Community Bancshares' current full-year earnings is $1.48 per share.

Other equities research analysts have also recently issued reports about the stock. Raymond James boosted their price target 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. 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. Keefe, Bruyette & Woods raised their price target on Dime Community Bancshares from $25.50 to $28.00 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. StockNews.com cut Dime Community Bancshares from a "hold" rating to a "sell" rating in a research note on Saturday, September 21st. Finally, Piper Sandler lowered shares of Dime Community Bancshares from an "overweight" rating to a "neutral" rating and raised their target price for the stock from $23.00 to $26.00 in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned 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 "Moderate Buy" and an average price target of $31.40.

Dime Community Bancshares Stock Up 4.7 %

Shares of NASDAQ:DCOM traded up $1.59 during trading on Monday, hitting $35.29. 433,862 shares of the company were exchanged, compared to its average volume of 232,254. 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's 50 day moving average price is $29.47 and its 200-day moving average price is $24.20. The stock has a market capitalization of $1.38 billion, a P/E ratio of 22.67 and a beta of 0.99. Dime Community Bancshares has a 12-month low of $17.29 and a 12-month high of $36.05.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.12). The business 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 firm earned $0.56 earnings per share.

Dime Community Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 17th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend was Thursday, October 17th. Dime Community Bancshares's dividend payout ratio is presently 66.67%.

Insider Activity at Dime Community Bancshares

In other Dime Community Bancshares news, Director Basswood Capital Management, L acquired 29,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were bought at an average price of $32.00 per share, with a total value of $928,000.00. Following the acquisition, the director now owns 1,044,221 shares of the company's stock, valued at $33,415,072. This trade represents a 2.86 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 9.10% of the stock is currently owned by insiders.

Institutional Trading of Dime Community Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in DCOM. Kimelman & Baird LLC acquired a new stake in shares of Dime Community Bancshares during the 2nd quarter valued at approximately $56,000. GAMMA Investing LLC lifted its holdings in 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 valued at $85,000 after purchasing an additional 685 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Dime Community Bancshares by 496.9% in the 2nd quarter. Nisa Investment Advisors LLC now owns 4,805 shares of the savings and loans company's stock valued at $98,000 after purchasing an additional 4,000 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Dime Community Bancshares during the second quarter worth about $101,000. Finally, EMC Capital Management raised its position in shares of Dime Community Bancshares by 42.2% in the first quarter. EMC Capital Management now owns 9,861 shares of the savings and loans company's stock valued at $190,000 after buying an additional 2,924 shares during the last quarter. Institutional investors and hedge funds own 75.27% 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.