FY2025 Earnings Estimate for DCOM Issued By DA Davidson

Dime Community Bancshares, Inc. (NASDAQ:DCOM - Free Report) - Stock analysts at DA Davidson increased their FY2025 earnings estimates for Dime Community Bancshares in a research note issued on Monday, January 27th. DA Davidson analyst M. Navas now forecasts that the savings and loans company will earn $3.90 per share for the year, up from their previous estimate of $3.00. The consensus estimate for Dime Community Bancshares' current full-year earnings is $1.49 per share.

Other analysts also recently issued reports about the company. 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 research report on Wednesday, October 2nd. Keefe, Bruyette & Woods cut their price objective on shares of Dime Community Bancshares from $42.00 to $41.00 and set an "outperform" rating for the company in a research report on Friday, January 24th. Stephens raised shares of Dime Community Bancshares from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $30.00 to $39.00 in a report on Monday, November 18th. Finally, Piper Sandler upgraded shares of Dime Community Bancshares from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $36.00 to $38.00 in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $36.40.

Dime Community Bancshares Price Performance

Shares of DCOM stock traded up $0.16 during trading on Wednesday, hitting $30.94. The company had a trading volume of 255,243 shares, compared to its average volume of 362,291. The stock's 50-day moving average price is $32.88 and its 200 day moving average price is $29.22. Dime Community Bancshares has a one year low of $17.29 and a one year high of $37.60. 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 firm has a market capitalization of $1.21 billion, a P/E ratio of 20.63 and a beta of 1.05.

Dime Community Bancshares (NASDAQ:DCOM - Get Free Report) last announced its 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 return on equity of 5.58% and a net margin of 9.65%.

Dime Community Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 17th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date of this dividend was Friday, January 17th. Dime Community Bancshares's payout ratio is 169.49%.

Insider Activity at Dime Community Bancshares

In other Dime Community Bancshares news, CTO Michael Fegan sold 2,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief technology officer now directly owns 20,155 shares in the company, valued at approximately $720,742.80. This represents a 9.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Basswood Capital Management, L purchased 29,000 shares of the business's stock in a transaction dated 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 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 position. The disclosure for this purchase can be found here. 9.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DCOM. Kimelman & Baird LLC bought a new stake in shares of Dime Community Bancshares in the 2nd quarter valued at about $56,000. KBC Group NV boosted its holdings in Dime Community Bancshares by 50.8% in the fourth quarter. KBC Group NV now owns 2,697 shares of the savings and loans company's stock valued at $83,000 after acquiring an additional 909 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Dime Community Bancshares by 30.4% in the third quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company's stock valued at $85,000 after acquiring an additional 685 shares during the last quarter. USA Financial Formulas acquired a new stake in Dime Community Bancshares during the 4th quarter valued at approximately $92,000. Finally, Quest Partners LLC raised its holdings in Dime Community Bancshares by 9.4% during the 3rd quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company's stock worth $155,000 after purchasing an additional 465 shares during the last quarter. 75.27% of the stock is owned by institutional investors.

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.