DA Davidson Has Positive Outlook of DCOM FY2025 Earnings

Dime Community Bancshares, Inc. (NASDAQ:DCOMFree Report) – Analysts at DA Davidson boosted their FY2025 EPS estimates for Dime Community Bancshares in a note issued to investors on Monday, January 27th. DA Davidson analyst M. Navas now anticipates that the savings and loans company will post earnings per share of $3.90 for the year, up from their previous forecast of $3.00. The consensus estimate for Dime Community Bancshares’ current full-year earnings is $1.49 per share.

A number of other research analysts have also commented on DCOM. Piper Sandler raised Dime Community Bancshares from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $36.00 to $38.00 in a report on Thursday, January 23rd. Stephens raised shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $30.00 to $39.00 in a research report on Monday, November 18th. Keefe, Bruyette & Woods decreased their price target 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. Finally, Raymond James upped their price target 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. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.40.

Get Our Latest Stock Report on Dime Community Bancshares

Dime Community Bancshares Stock Up 0.5 %

Shares of Dime Community Bancshares stock opened at $30.94 on Wednesday. The stock has a 50-day simple moving average of $32.88 and a 200-day simple moving average of $29.22. Dime Community Bancshares has a 52-week low of $17.29 and a 52-week high of $37.60. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 20.63 and a beta of 1.05. 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 (NASDAQ:DCOMGet Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). Dime Community Bancshares had a return on equity of 5.58% and a net margin of 9.65%.

Hedge Funds Weigh In On Dime Community Bancshares

A number of large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its stake in shares of Dime Community Bancshares by 120.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 480,944 shares of the savings and loans company’s stock worth $13,851,000 after acquiring an additional 263,225 shares in the last quarter. Royce & Associates LP grew its position in Dime Community Bancshares by 47.4% in the third quarter. Royce & Associates LP now owns 503,653 shares of the savings and loans company’s stock valued at $14,505,000 after purchasing an additional 162,004 shares in the last quarter. Systematic Financial Management LP increased its stake in Dime Community Bancshares by 15.1% in the 3rd quarter. Systematic Financial Management LP now owns 1,090,834 shares of the savings and loans company’s stock valued at $31,416,000 after buying an additional 143,402 shares during the last quarter. Foundry Partners LLC lifted its position in Dime Community Bancshares by 19.3% during the 3rd quarter. Foundry Partners LLC now owns 242,027 shares of the savings and loans company’s stock worth $6,970,000 after buying an additional 39,190 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Dime Community Bancshares by 91.0% during the 3rd quarter. Barclays PLC now owns 75,732 shares of the savings and loans company’s stock worth $2,181,000 after buying an additional 36,076 shares during the last quarter. Institutional investors own 75.27% of the company’s stock.

Insider Buying and Selling

In related news, Director Basswood Capital Management, L purchased 29,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were purchased 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 in the company, valued at $33,415,072. This represents a 2.86 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Michael Fegan sold 2,000 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $35.76, for a total transaction of $71,520.00. Following the sale, the chief technology officer now directly owns 20,155 shares of the company’s stock, valued at $720,742.80. This represents a 9.03 % decrease in their position. The disclosure for this sale can be found here. 9.10% of the stock is currently owned by insiders.

Dime Community Bancshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 17th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Friday, January 17th. Dime Community Bancshares’s dividend payout ratio is 169.49%.

Dime Community Bancshares Company Profile

(Get Free Report)

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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