Dime Community Bancshares (DCOM) to Release Earnings on Tuesday

Dime Community Bancshares (NASDAQ:DCOM) will be announcing its earnings results before the market opens on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings results on Tuesday, July 23rd. The savings and loans company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $171.23 million during the quarter, compared to the consensus estimate of $82.19 million. Dime Community Bancshares had a net margin of 9.98% and a return on equity of 6.58%. During the same period in the previous year, the business earned $0.68 earnings per share. On average, analysts expect Dime Community Bancshares to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Dime Community Bancshares Trading Down 2.5 %

Shares of NASDAQ:DCOM opened at $30.66 on Friday. The business’s 50 day simple moving average is $26.56 and its 200 day simple moving average is $22.34. Dime Community Bancshares has a 1 year low of $17.29 and a 1 year high of $31.75. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market capitalization of $1.19 billion, a P/E ratio of 17.22 and a beta of 1.00.

Dime Community Bancshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 17th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, October 17th. Dime Community Bancshares’s dividend payout ratio (DPR) is currently 56.18%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DCOM shares. Raymond James boosted their price target on Dime Community Bancshares from $35.00 to $36.00 and gave the company a “strong-buy” rating in a research note on Wednesday, October 2nd. StockNews.com downgraded shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Piper Sandler lowered shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $23.00 to $26.00 in a research report on Tuesday, July 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Dime Community Bancshares from $25.50 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Dime Community Bancshares currently has a consensus rating of “Moderate Buy” and an average price target of $29.50.

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.