Wall Street brokerages predict that Dime Community Bancshares, Inc. (NASDAQ:DCOM) will post 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 reported earnings of $0.29 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.8%. The firm is scheduled to report its next quarterly earnings results after the market closes on Thursday, October 26th.

On average, analysts expect that Dime Community Bancshares will report full year earnings of $1.29 per share for the current fiscal year. For the next financial year, analysts forecast that the company will report earnings of $1.48 per share. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Dime Community Bancshares.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Thursday, July 27th. The savings and loans company reported $0.32 earnings per share for the quarter, topping the 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 research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. ValuEngine raised shares of Dime Community Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Barclays PLC increased their price objective on shares of Dime Community Bancshares from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $23.00 price objective on shares of Dime Community Bancshares in a research report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $22.17.

Shares of Dime Community Bancshares (NASDAQ:DCOM) traded up 0.92% during midday trading on Tuesday, hitting $21.90. 79,314 shares of the company’s stock were exchanged. The company has a 50-day moving average of $20.68 and a 200-day moving average of $20.05. The firm has a market cap of $820.07 million, a price-to-earnings ratio of 23.96 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.

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A number of institutional investors and hedge funds have recently made changes to their positions in DCOM. Sei Investments Co. boosted its holdings in Dime Community Bancshares by 98,220.0% during the second quarter. Sei Investments Co. now owns 4,916 shares of the savings and loans company’s stock worth $109,000 after purchasing an additional 4,911 shares during the last quarter. SG Americas Securities LLC acquired a new position in Dime Community Bancshares during the first quarter worth $117,000. State of Alaska Department of Revenue boosted its holdings in Dime Community Bancshares by 78.8% during the second quarter. State of Alaska Department of Revenue now owns 6,167 shares of the savings and loans company’s stock worth $120,000 after purchasing an additional 2,717 shares during the last quarter. Mason Street Advisors LLC boosted its holdings in Dime Community Bancshares by 6.8% during the first quarter. Mason Street Advisors LLC now owns 7,270 shares of the savings and loans company’s stock worth $148,000 after purchasing an additional 461 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in Dime Community Bancshares during the first quarter worth $163,000. Institutional investors and hedge funds own 68.00% of the company’s stock.

Dime Community Bancshares Company Profile

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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