Dime Community Bancshares (DCOM) Set to Announce Quarterly Earnings on Tuesday

Dime Community Bancshares (NASDAQ:DCOM) will be announcing its earnings results before the market opens on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Dime Community Bancshares (NASDAQ:DCOM) last released its earnings results on Friday, January 26th. The savings and loans company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.09). The firm had revenue of $167.63 million during the quarter, compared to analyst estimates of $81.01 million. Dime Community Bancshares had a return on equity of 9.85% and a net margin of 14.89%. During the same quarter last year, the company earned $0.99 earnings per share. On average, analysts expect Dime Community Bancshares to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Dime Community Bancshares Stock Performance

DCOM opened at $18.35 on Tuesday. The company has a market capitalization of $713.41 million, a price-to-earnings ratio of 8.01 and a beta of 1.02. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.07 and a quick ratio of 1.06. Dime Community Bancshares has a 1-year low of $15.57 and a 1-year high of $27.91. The business has a 50 day moving average price of $18.71 and a two-hundred day moving average price of $21.10.

Dime Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 17th will be given a $0.25 dividend. The ex-dividend date is Tuesday, April 16th. This represents a $1.00 dividend on an annualized basis and a yield of 5.45%. Dime Community Bancshares’s dividend payout ratio (DPR) is 43.67%.

Insider Buying and Selling at Dime Community Bancshares

In other news, Director Basswood Capital Management, L bought 27,068 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were bought at an average cost of $23.00 per share, with a total value of $622,564.00. Following the purchase, the director now directly owns 1,015,221 shares in the company, valued at $23,350,083. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 10.30% of the stock is owned by corporate insiders.

Institutional Trading of Dime Community Bancshares

Several large investors have recently added to or reduced their stakes in DCOM. Raymond James & Associates raised its stake in Dime Community Bancshares by 6.6% during the 1st quarter. Raymond James & Associates now owns 60,591 shares of the savings and loans company’s stock valued at $2,095,000 after purchasing an additional 3,740 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Dime Community Bancshares by 12.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 6,572 shares of the savings and loans company’s stock valued at $227,000 after acquiring an additional 707 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Dime Community Bancshares by 29.8% during the 1st quarter. American Century Companies Inc. now owns 58,176 shares of the savings and loans company’s stock valued at $2,011,000 after acquiring an additional 13,341 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Dime Community Bancshares by 14.4% during the 1st quarter. Citigroup Inc. now owns 29,735 shares of the savings and loans company’s stock valued at $1,028,000 after acquiring an additional 3,749 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in shares of Dime Community Bancshares by 56.8% during the 1st quarter. MetLife Investment Management LLC now owns 17,770 shares of the savings and loans company’s stock valued at $614,000 after acquiring an additional 6,434 shares in the last quarter. 75.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DCOM shares. DA Davidson restated a “buy” rating and issued a $28.00 target price on shares of Dime Community Bancshares in a research report on Thursday, March 14th. Keefe, Bruyette & Woods dropped their price target on Dime Community Bancshares from $30.00 to $25.50 and set an “outperform” rating on the stock in a report on Friday, April 5th. Raymond James dropped their price target on Dime Community Bancshares from $30.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, March 13th. Finally, StockNews.com cut Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $25.88.

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.