Dime Community Bancshares (NASDAQ:DCOM – Get Free Report) will likely be issuing its Q2 2025 quarterly earnings data before the market opens on Tuesday, July 22nd. Analysts expect the company to announce earnings of $0.63 per share and revenue of $107.08 million for the quarter.
Dime Community Bancshares (NASDAQ:DCOM – Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The savings and loans company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.55 by $0.02. The company had revenue of $103.83 million during the quarter, compared to analysts’ expectations of $105.83 million. Dime Community Bancshares had a net margin of 5.08% and a return on equity of 6.05%. During the same quarter in the previous year, the business posted $0.38 EPS. 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 Stock Performance
Shares of DCOM stock opened at $29.00 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.02 and a current ratio of 1.02. Dime Community Bancshares has a 1 year low of $21.53 and a 1 year high of $37.60. The stock’s 50-day moving average is $26.87 and its two-hundred day moving average is $28.22. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 46.03 and a beta of 1.07.
Dime Community Bancshares Cuts Dividend
Insider Buying and Selling at Dime Community Bancshares
In other news, Director Raymond A. Nielsen sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $25.58, for a total value of $51,160.00. Following the completion of the transaction, the director directly owned 35,392 shares of the company’s stock, valued at approximately $905,327.36. This represents a 5.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 7.10% of the company’s stock.
Institutional Trading of Dime Community Bancshares
Several hedge funds and other institutional investors have recently bought and sold shares of DCOM. AQR Capital Management LLC increased its position in Dime Community Bancshares by 132.3% during the 1st quarter. AQR Capital Management LLC now owns 169,503 shares of the savings and loans company’s stock valued at $4,726,000 after purchasing an additional 96,523 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Dime Community Bancshares by 5.9% in the first quarter. Goldman Sachs Group Inc. now owns 324,976 shares of the savings and loans company’s stock worth $9,060,000 after purchasing an additional 18,195 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Dime Community Bancshares by 16.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 81,273 shares of the savings and loans company’s stock worth $2,266,000 after buying an additional 11,512 shares in the last quarter. Empowered Funds LLC raised its stake in Dime Community Bancshares by 5.4% in the first quarter. Empowered Funds LLC now owns 82,084 shares of the savings and loans company’s stock valued at $2,289,000 after purchasing an additional 4,231 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Dime Community Bancshares by 17.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,621 shares of the savings and loans company’s stock worth $659,000 after buying an additional 3,443 shares during the last quarter. Institutional investors and hedge funds own 75.27% of the company’s stock.
Wall Street Analysts Forecast Growth
DCOM has been the topic of several recent research reports. Stephens reduced their price objective on Dime Community Bancshares from $36.00 to $32.50 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen raised shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Thursday, April 24th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Dime Community Bancshares has a consensus rating of “Buy” and a consensus target price of $36.88.
Read Our Latest Report on DCOM
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.
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