Wall Street analysts predict that Dime Community Bancshares, Inc. (NASDAQ:DCOM – Get Rating) will announce $0.85 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Dime Community Bancshares’ earnings. The lowest EPS estimate is $0.82 and the highest is $0.87. Dime Community Bancshares reported earnings of $0.94 per share during the same quarter last year, which indicates a negative year over year growth rate of 9.6%. The firm is scheduled to report its next earnings report before the market opens on Monday, January 1st.
On average, analysts expect that Dime Community Bancshares will report full-year earnings of $3.47 per share for the current financial year, with EPS estimates ranging from $3.26 to $3.57. For the next financial year, analysts forecast that the firm will report earnings of $3.70 per share, with EPS estimates ranging from $3.57 to $3.78. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Dime Community Bancshares.
Dime Community Bancshares (NASDAQ:DCOM – Get Rating) last issued its quarterly earnings results on Friday, January 28th. The savings and loans company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.03). Dime Community Bancshares had a net margin of 24.37% and a return on equity of 14.31%. The firm had revenue of $101.87 million for the quarter, compared to analysts’ expectations of $101.94 million. During the same period in the prior year, the company earned $0.75 EPS.
DCOM traded up $0.31 during trading on Thursday, reaching $36.59. 477 shares of the company were exchanged, compared to its average volume of 145,513. The company’s 50-day moving average is $34.35 and its two-hundred day moving average is $35.05. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 16.28 and a beta of 1.07. Dime Community Bancshares has a 12-month low of $29.22 and a 12-month high of $38.35.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 25th. Stockholders of record on Monday, April 18th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, April 14th. This represents a $0.96 annualized dividend and a dividend yield of 2.62%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 42.67%.
In other news, Director Basswood Capital Management, L sold 11,270 shares of the stock in a transaction dated Monday, February 28th. The stock was sold at an average price of $33.91, for a total transaction of $382,165.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 16.40% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC purchased a new stake in Dime Community Bancshares in the 4th quarter worth approximately $31,000. Point72 Hong Kong Ltd purchased a new position in shares of Dime Community Bancshares in the 3rd quarter valued at approximately $41,000. Advisor Group Holdings Inc. lifted its stake in shares of Dime Community Bancshares by 130.6% in the 3rd quarter. Advisor Group Holdings Inc. now owns 2,022 shares of the savings and loans company’s stock valued at $66,000 after purchasing an additional 1,145 shares during the period. Captrust Financial Advisors raised its stake in Dime Community Bancshares by 303.0% during the third quarter. Captrust Financial Advisors now owns 3,619 shares of the savings and loans company’s stock valued at $118,000 after buying an additional 2,721 shares during the last quarter. Finally, Spire Wealth Management purchased a new position in Dime Community Bancshares during the fourth quarter valued at $139,000. Institutional investors and hedge funds own 71.75% of the company’s stock.
About Dime Community Bancshares (Get Rating)
Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that provides various commercial banking and financial services. It accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. The company also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; secured and unsecured commercial and consumer loans; home equity loans; and construction and land loans.
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