What is DA Davidson’s Forecast for DCOM Q1 Earnings?

Dime Community Bancshares, Inc. (NASDAQ:DCOMFree Report) – Stock analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for Dime Community Bancshares in a report issued on Monday, January 27th. DA Davidson analyst M. Navas forecasts that the savings and loans company will post earnings of $0.52 per share for the quarter. The consensus estimate for Dime Community Bancshares’ current full-year earnings is $1.49 per share.

Dime Community Bancshares (NASDAQ:DCOMGet Free Report) last released its earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). Dime Community Bancshares had a return on equity of 5.58% and a net margin of 9.65%.

Other analysts have also issued reports about the company. Raymond James increased their price objective on Dime Community Bancshares from $35.00 to $36.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 2nd. Stephens raised Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $30.00 to $39.00 in a research report on Monday, November 18th. Piper Sandler raised shares of Dime Community Bancshares from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $36.00 to $38.00 in a research report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating for the company in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Dime Community Bancshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.40.

View Our Latest Research Report on DCOM

Dime Community Bancshares Stock Up 0.5 %

Shares of NASDAQ:DCOM opened at $30.94 on Tuesday. The company has a market cap of $1.21 billion, a PE ratio of 20.63 and a beta of 1.05. The firm has a 50 day simple moving average of $32.88 and a 200 day simple moving average of $29.22. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. Dime Community Bancshares has a 52 week low of $17.29 and a 52 week high of $37.60.

Dime Community Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Friday, January 17th. Dime Community Bancshares’s dividend payout ratio (DPR) is currently 169.49%.

Insider Activity at Dime Community Bancshares

In other Dime Community Bancshares news, CTO Michael Fegan sold 2,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $35.76, for a total value of $71,520.00. Following the completion of the sale, the chief technology officer now owns 20,155 shares in the company, valued at $720,742.80. This trade represents a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Basswood Capital Management, L acquired 29,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was acquired at an average price of $32.00 per share, for a total transaction of $928,000.00. Following the purchase, the director now directly owns 1,044,221 shares of the company’s stock, valued at approximately $33,415,072. This trade 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 owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Louisiana State Employees Retirement System increased its holdings in Dime Community Bancshares by 11.8% in the 4th quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the savings and loans company’s stock worth $584,000 after buying an additional 2,000 shares during the period. Savant Capital LLC purchased a new stake in shares of Dime Community Bancshares in the 4th quarter valued at $209,000. Empowered Funds LLC increased its stake in shares of Dime Community Bancshares by 5.1% in the fourth quarter. Empowered Funds LLC now owns 77,853 shares of the savings and loans company’s stock worth $2,393,000 after acquiring an additional 3,745 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Dime Community Bancshares by 11.0% during the fourth quarter. State of Alaska Department of Revenue now owns 22,324 shares of the savings and loans company’s stock worth $686,000 after purchasing an additional 2,217 shares during the last quarter. Finally, KBC Group NV lifted its position in Dime Community Bancshares by 50.8% during the fourth quarter. KBC Group NV now owns 2,697 shares of the savings and loans company’s stock valued at $83,000 after purchasing an additional 909 shares during the period. 75.27% of the stock is owned by institutional investors.

About Dime Community Bancshares

(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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