Wall Street analysts expect that Dime Community Bancshares, Inc. (NASDAQ:DCOM) will report earnings per share of $0.33 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Dime Community Bancshares’ earnings. Dime Community Bancshares posted earnings of $0.29 per share in the same quarter last year, which suggests a positive year over year growth rate of 13.8%. The business is expected to issue its next earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Dime Community Bancshares will report full-year earnings of $1.29 per share for the current financial year. For the next financial year, analysts forecast that the business will post earnings of $1.48 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Dime Community Bancshares.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings results on Thursday, July 27th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The firm had revenue of $39.80 million for the quarter. Dime Community Bancshares had a net margin of 16.23% and a return on equity of 8.04%.

Several equities analysts recently weighed in on DCOM shares. Barclays PLC restated an “underweight” rating and issued a $20.00 price objective (up from $19.00) on shares of Dime Community Bancshares in a report on Wednesday, July 12th. BidaskClub downgraded shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. ValuEngine raised shares of Dime Community Bancshares from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $22.00 price objective on shares of Dime Community Bancshares in a research report on Thursday, August 31st. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.83.

Institutional investors have recently modified their holdings of the business. Sei Investments Co. increased its holdings in Dime Community Bancshares by 98,220.0% in the 2nd quarter. Sei Investments Co. now owns 4,916 shares of the savings and loans company’s stock valued at $109,000 after buying an additional 4,911 shares during the period. SG Americas Securities LLC bought a new position in Dime Community Bancshares in the 1st quarter valued at about $117,000. State of Alaska Department of Revenue increased its holdings in Dime Community Bancshares by 78.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,167 shares of the savings and loans company’s stock valued at $120,000 after buying an additional 2,717 shares during the period. Mason Street Advisors LLC increased its holdings in Dime Community Bancshares by 6.8% in the 1st quarter. Mason Street Advisors LLC now owns 7,270 shares of the savings and loans company’s stock valued at $148,000 after buying an additional 461 shares during the period. Finally, Victory Capital Management Inc. bought a new position in Dime Community Bancshares in the 1st quarter valued at about $163,000. Institutional investors and hedge funds own 68.00% of the company’s stock.

Dime Community Bancshares (NASDAQ DCOM) traded up 1.61% on Thursday, reaching $22.05. 172,844 shares of the company’s stock traded hands. The firm has a market capitalization of $825.68 million, a PE ratio of 24.12 and a beta of 0.82. Dime Community Bancshares has a 52-week low of $16.10 and a 52-week high of $22.48. The firm’s 50 day moving average price is $19.54 and its 200 day moving average price is $19.87.

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About Dime Community Bancshares

Dime Community Bancshares, Inc operates as a holding company for Dime Community Bank (the Bank), a chartered savings bank. The Company is a unitary savings and loan holding company. The Company operates through Community Banking segment. The Bank’s principal business is gathering retail deposits, and lending them primarily in multifamily residential, commercial real estate and mixed use loans, as well as investing in mortgage-backed securities (MBS), obligations of the United States Government and Government Sponsored Entities (GSEs), and corporate debt and equity securities.

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