Q1 Earnings Estimate for DCOM Issued By DA Davidson

Dime Community Bancshares, Inc. (NASDAQ:DCOM) – Analysts at DA Davidson issued their Q1 2025 earnings estimates for shares of Dime Community Bancshares in a note issued to investors on Monday, January 27th. DA Davidson analyst M. Navas forecasts 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.

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

Dime Community Bancshares Stock Performance

Dime Community Bancshares stock opened at $30.99 on Tuesday. The company has a market cap of $1.21 billion, a PE ratio of 20.66 and a beta of 1.05. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.68. Dime Community Bancshares has a 1 year low of $17.29 and a 1 year high of $37.60. The company’s 50-day moving average is $33.05 and its two-hundred day moving average is $29.09.

Dime Community Bancshares (NASDAQ:DCOM) last released its earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share 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%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Kimelman & Baird LLC bought a new position in shares of Dime Community Bancshares in the 2nd quarter valued at about $56,000. KBC Group NV boosted its position in Dime Community Bancshares by 50.8% during the fourth quarter. KBC Group NV now owns 2,697 shares of the savings and loans company’s stock valued at $83,000 after purchasing an additional 909 shares during the last quarter. GAMMA Investing LLC grew its stake 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 purchasing an additional 685 shares in the last quarter. USA Financial Formulas acquired a new position in shares of Dime Community Bancshares during the 4th quarter worth approximately $92,000. Finally, Quest Partners LLC boosted its holdings in shares of Dime Community Bancshares by 9.4% in the 3rd quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company’s stock valued at $155,000 after buying an additional 465 shares during the last quarter. Institutional investors own 75.27% of the company’s stock.

Insider Activity

In related news, Director Basswood Capital Management, L acquired 29,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired 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 of the company’s stock, valued at $33,415,072. The trade was 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 this hyperlink. Also, CTO Michael Fegan sold 2,000 shares of the company’s 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 completion of the transaction, the chief technology officer now directly owns 20,155 shares of the company’s stock, valued at approximately $720,742.80. The trade was a 9.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.10% of the stock is currently owned by company insiders.

Dime Community Bancshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Friday, January 17th. 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.