What is DA Davidson’s Forecast for DCOM FY2025 Earnings?

Dime Community Bancshares, Inc. (NASDAQ:DCOM) – Stock analysts at DA Davidson dropped their FY2025 EPS estimates for shares of Dime Community Bancshares in a note issued to investors on Thursday, December 19th. DA Davidson analyst M. Navas now anticipates that the savings and loans company will post earnings per share of $3.00 for the year, down from their prior estimate of $3.05. The consensus estimate for Dime Community Bancshares’ current full-year earnings is $1.49 per share.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings data on Tuesday, October 22nd. The savings and loans company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). Dime Community Bancshares had a net margin of 9.65% and a return on equity of 5.58%. The company had revenue of $171.87 million during the quarter, compared to the consensus estimate of $86.65 million. During the same period in the previous year, the business posted $0.56 earnings per share.

Other equities research analysts have also recently issued reports about the company. Raymond James increased their price objective on Dime Community Bancshares from $35.00 to $36.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 2nd. Stephens upgraded Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $30.00 to $39.00 in a research report on Monday, November 18th. Keefe, Bruyette & Woods lifted their target price on shares of Dime Community Bancshares from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com cut shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

Dime Community Bancshares Stock Down 0.8 %

DCOM stock opened at $31.09 on Monday. The company has a 50-day moving average of $33.20 and a two-hundred day moving average of $26.97. Dime Community Bancshares has a 52-week low of $17.29 and a 52-week high of $37.60. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 20.73 and a beta of 1.03. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.01 and a quick ratio of 1.01.

Dime Community Bancshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 17th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 17th. This represents a $1.00 annualized dividend and a yield of 3.22%. Dime Community Bancshares’s dividend payout ratio (DPR) is currently 66.67%.

Insider Buying and Selling

In other news, CTO Michael Fegan sold 2,000 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $35.76, for a total transaction of $71,520.00. Following the completion of the transaction, the chief technology officer now directly owns 20,155 shares in the company, valued at $720,742.80. This represents a 9.03 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Basswood Capital Management, L purchased 29,000 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was bought at an average price of $32.00 per share, with a total value of $928,000.00. Following the completion of the purchase, the director now owns 1,044,221 shares of the company’s stock, valued at approximately $33,415,072. This represents a 2.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 9.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dime Community Bancshares

A number of hedge funds and other institutional investors have recently bought and sold shares of DCOM. Rhumbline Advisers raised its holdings in Dime Community Bancshares by 0.4% in the 2nd quarter. Rhumbline Advisers now owns 109,328 shares of the savings and loans company’s stock valued at $2,230,000 after acquiring an additional 428 shares during the period. Quest Partners LLC boosted its position in shares of Dime Community Bancshares by 9.4% during the 3rd quarter. Quest Partners LLC now owns 5,397 shares of the savings and loans company’s stock worth $155,000 after acquiring an additional 465 shares in the last quarter. GAMMA Investing LLC raised its stake in Dime Community Bancshares by 30.4% during the third quarter. GAMMA Investing LLC now owns 2,936 shares of the savings and loans company’s stock worth $85,000 after acquiring an additional 685 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Dime Community Bancshares by 31.2% during the third quarter. Nisa Investment Advisors LLC now owns 6,305 shares of the savings and loans company’s stock worth $182,000 after buying an additional 1,500 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Dime Community Bancshares by 4.5% in the second quarter. Victory Capital Management Inc. now owns 46,000 shares of the savings and loans company’s stock valued at $938,000 after buying an additional 2,000 shares during the period. Institutional investors own 75.27% of the company’s stock.

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.