$0.86 Earnings Per Share Expected for Dime Community Bancshares, Inc. (NASDAQ:DCOM) This Quarter

Equities analysts expect Dime Community Bancshares, Inc. (NASDAQ:DCOMGet Rating) to report $0.86 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Dime Community Bancshares’ earnings, with the highest EPS estimate coming in at $0.88 and the lowest estimate coming in at $0.84. Dime Community Bancshares posted earnings per share of $0.94 during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.5%. The business is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Dime Community Bancshares will report full year earnings of $3.41 per share for the current fiscal year, with EPS estimates ranging from $3.26 to $3.55. For the next financial year, analysts forecast that the business will post earnings of $3.68 per share, with EPS estimates ranging from $3.57 to $3.75. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Dime Community Bancshares.

Dime Community Bancshares (NASDAQ:DCOMGet Rating) last issued its quarterly earnings results on Friday, April 29th. The savings and loans company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.01). Dime Community Bancshares had a return on equity of 14.40% and a net margin of 35.58%. During the same period in the previous year, the business posted $0.94 EPS.

DCOM has been the topic of a number of recent research reports. StockNews.com initiated coverage on Dime Community Bancshares in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research lowered Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Monday, April 4th.

Shares of DCOM stock opened at $30.68 on Wednesday. Dime Community Bancshares has a fifty-two week low of $29.22 and a fifty-two week high of $38.35. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 8.23 and a beta of 1.06. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 0.93. The stock’s 50-day simple moving average is $33.89 and its 200-day simple moving average is $34.84.

The company also recently announced a quarterly dividend, which was paid on Monday, April 25th. Investors of record on Monday, April 18th were given a $0.24 dividend. The ex-dividend date was Thursday, April 14th. This represents a $0.96 dividend on an annualized basis and a yield of 3.13%. Dime Community Bancshares’s dividend payout ratio is currently 25.74%.

In other Dime Community Bancshares news, Director Basswood Capital Management, L sold 5,366 shares of the business’s stock in a transaction that occurred on Monday, February 14th. The stock was sold at an average price of $34.00, for a total value of $182,444.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 64,556 shares of company stock worth $2,053,484. 15.30% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in DCOM. Nisa Investment Advisors LLC acquired a new position in shares of Dime Community Bancshares during the 4th quarter worth approximately $31,000. Point72 Hong Kong Ltd acquired a new position in shares of Dime Community Bancshares during the 3rd quarter worth approximately $41,000. Landmark Wealth Management LLC acquired a new position in shares of Dime Community Bancshares during the 1st quarter worth approximately $53,000. Advisor Group Holdings Inc. raised its stake in shares of Dime Community Bancshares by 130.6% during the 3rd quarter. Advisor Group Holdings Inc. now owns 2,022 shares of the savings and loans company’s stock worth $66,000 after buying an additional 1,145 shares during the period. Finally, Captrust Financial Advisors raised its stake in shares of Dime Community Bancshares by 303.0% during the 3rd quarter. Captrust Financial Advisors now owns 3,619 shares of the savings and loans company’s stock worth $118,000 after buying an additional 2,721 shares during the period. 72.30% of the stock is owned by institutional investors.

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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Earnings History and Estimates for Dime Community Bancshares (NASDAQ:DCOM)

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