DA Davidson Has Pessimistic Outlook of DCOM FY2025 Earnings

Dime Community Bancshares, Inc. (NASDAQ:DCOM) – Research analysts at DA Davidson cut their FY2025 earnings per share (EPS) estimates for Dime Community Bancshares in a report released on Monday, October 27th. DA Davidson analyst P. Winter now expects that the savings and loans company will post earnings of $2.57 per share for the year, down from their prior estimate of $2.65. DA Davidson has a “Buy” rating and a $36.00 price objective on the stock. The consensus estimate for Dime Community Bancshares’ current full-year earnings is $3.06 per share. DA Davidson also issued estimates for Dime Community Bancshares’ Q4 2025 earnings at $0.72 EPS and FY2026 earnings at $3.58 EPS.

A number of other research firms also recently commented on DCOM. Weiss Ratings reiterated a “hold (c)” rating on shares of Dime Community Bancshares in a research report on Wednesday, October 8th. Zacks Research cut Dime Community Bancshares from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. Finally, Keefe, Bruyette & Woods cut their price target on Dime Community Bancshares from $37.00 to $34.00 and set an “outperform” rating for the company in a report on Monday. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $35.13.

Dime Community Bancshares Stock Down 0.8%

DCOM opened at $27.10 on Tuesday. The business’s fifty day moving average is $29.93 and its two-hundred day moving average is $28.04. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.02 and a current ratio of 1.03. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 23.77 and a beta of 1.10. Dime Community Bancshares has a one year low of $23.25 and a one year high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Thursday, October 23rd. The savings and loans company reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.06). The firm had revenue of $103.40 million for the quarter, compared to analysts’ expectations of $112.75 million. Dime Community Bancshares had a return on equity of 7.81% and a net margin of 8.72%.During the same quarter in the previous year, the firm posted $0.29 earnings per share.

Hedge Funds Weigh In On Dime Community Bancshares

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in Dime Community Bancshares by 14.0% in the first quarter. GAMMA Investing LLC now owns 3,931 shares of the savings and loans company’s stock valued at $110,000 after purchasing an additional 483 shares during the last quarter. Raymond James Financial Inc. grew its position in Dime Community Bancshares by 11.1% during the first quarter. Raymond James Financial Inc. now owns 175,293 shares of the savings and loans company’s stock valued at $4,887,000 after acquiring an additional 17,499 shares during the period. Jump Financial LLC acquired a new stake in Dime Community Bancshares during the first quarter worth about $433,000. Illinois Municipal Retirement Fund increased its stake in Dime Community Bancshares by 14.5% during the first quarter. Illinois Municipal Retirement Fund now owns 22,391 shares of the savings and loans company’s stock worth $624,000 after acquiring an additional 2,840 shares during the last quarter. Finally, TD Asset Management Inc increased its stake in Dime Community Bancshares by 19.1% during the first quarter. TD Asset Management Inc now owns 78,738 shares of the savings and loans company’s stock worth $2,195,000 after acquiring an additional 12,652 shares during the last quarter. 75.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dime Community Bancshares

In related news, Director Raymond A. Nielsen sold 1,000 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $30.92, for a total value of $30,920.00. Following the completion of the transaction, the director directly owned 38,185 shares in the company, valued at approximately $1,180,680.20. This represents a 2.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Basswood Capital Management, L sold 9,000 shares of the company’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $30.33, for a total value of $272,970.00. Following the completion of the transaction, the director owned 1,034,158 shares of the company’s stock, valued at $31,366,012.14. The trade was a 0.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 7.10% of the company’s stock.

Dime Community Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 17th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.7%. The ex-dividend date was Friday, October 17th. Dime Community Bancshares’s dividend payout ratio is presently 87.72%.

About Dime Community Bancshares

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.