Dime Community Bancshares (DCOM) to Release Earnings on Tuesday

Dime Community Bancshares (NASDAQ:DCOM) will be posting its quarterly earnings results before the market opens on Tuesday, April 23rd. Analysts expect Dime Community Bancshares to post earnings of $0.37 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Friday, January 26th. The savings and loans company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.09). Dime Community Bancshares had a return on equity of 9.85% and a net margin of 14.89%. The firm had revenue of $167.63 million for the quarter, compared to analysts’ expectations of $81.01 million. During the same quarter last year, the company posted $0.99 EPS. 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 Stock Up 4.8 %

DCOM stock opened at $18.68 on Monday. Dime Community Bancshares has a twelve month low of $15.57 and a twelve month high of $27.91. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.36. The firm has a market cap of $726.28 million, a PE ratio of 8.16 and a beta of 1.02. The business has a 50 day moving average of $18.61 and a 200 day moving average of $21.06.

Dime Community Bancshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 5.35%. The ex-dividend date of this dividend is Tuesday, April 16th. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 43.67%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Raymond James reduced their price objective on Dime Community Bancshares from $30.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, March 13th. Keefe, Bruyette & Woods reduced their price objective on Dime Community Bancshares from $30.00 to $25.50 and set an “outperform” rating for the company in a research report on Friday, April 5th. StockNews.com lowered Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st. Finally, DA Davidson reaffirmed a “buy” rating and set a $28.00 price objective on shares of Dime Community Bancshares in a research report on Thursday, March 14th.

Insiders Place Their Bets

In other Dime Community Bancshares news, Director Basswood Capital Management, L bought 27,068 shares of Dime Community Bancshares stock in a transaction on Wednesday, January 31st. The stock was acquired at an average price of $23.00 per share, with a total value of $622,564.00. Following the acquisition, the director now owns 1,015,221 shares in the company, valued at $23,350,083. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.30% of the company’s stock.

Hedge Funds Weigh In On Dime Community Bancshares

A number of institutional investors and hedge funds have recently modified their holdings of the company. First Republic Investment Management Inc. boosted its stake in shares of Dime Community Bancshares by 1.6% in the 2nd quarter. First Republic Investment Management Inc. now owns 20,845 shares of the savings and loans company’s stock worth $618,000 after buying an additional 332 shares during the last quarter. FMR LLC boosted its stake in shares of Dime Community Bancshares by 10.1% in the 2nd quarter. FMR LLC now owns 3,879 shares of the savings and loans company’s stock worth $115,000 after buying an additional 357 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Dime Community Bancshares by 1.3% in the 2nd quarter. California State Teachers Retirement System now owns 41,471 shares of the savings and loans company’s stock worth $731,000 after buying an additional 538 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in Dime Community Bancshares by 5.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 10,524 shares of the savings and loans company’s stock valued at $185,000 after purchasing an additional 568 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Dime Community Bancshares by 12.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 6,572 shares of the savings and loans company’s stock valued at $227,000 after purchasing an additional 707 shares in the last quarter. 75.27% of the stock is currently owned by hedge funds and other institutional investors.

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.