Dime Community Bancshares (DCOM) Expected to Announce Earnings on Tuesday

Dime Community Bancshares (NASDAQ:DCOM) is expected to be announcing its earnings results before the market opens on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.56 per share and revenue of $105.83 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). Dime Community Bancshares had a return on equity of 5.43% and a net margin of 4.50%. On average, analysts expect Dime Community Bancshares to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Dime Community Bancshares Price Performance

NASDAQ DCOM opened at $24.49 on Tuesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.03 and a quick ratio of 1.03. Dime Community Bancshares has a 1-year low of $17.49 and a 1-year high of $37.60. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 41.51 and a beta of 0.96. The business’s fifty day moving average price is $28.68 and its 200-day moving average price is $30.79.

Dime Community Bancshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 17th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $1.00 annualized dividend and a yield of 4.08%. Dime Community Bancshares’s payout ratio is 169.49%.

Insider Transactions at Dime Community Bancshares

In other Dime Community Bancshares news, Director Raymond A. Nielsen sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $31.25, for a total transaction of $93,750.00. Following the completion of the transaction, the director now owns 41,185 shares in the company, valued at $1,287,031.25. This trade represents a 6.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Basswood Capital Management, L sold 9,815 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $31.20, for a total value of $306,228.00. Following the transaction, the director now owns 37,147 shares of the company’s stock, valued at $1,158,986.40. This represents a 20.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders acquired a total of 1,729 shares of company stock valued at $48,021 over the last 90 days. Company insiders own 9.10% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on DCOM. Piper Sandler raised 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. Keefe, Bruyette & Woods decreased their target price on shares of Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $38.50.

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.