Dime Community Bancshares, Inc. (DCOM) Expected to Announce Earnings of $0.34 Per Share

Wall Street analysts expect Dime Community Bancshares, Inc. (NASDAQ:DCOM) to report $0.34 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have issued estimates for Dime Community Bancshares’ earnings. Dime Community Bancshares reported earnings of $0.33 per share in the same quarter last year, which indicates a positive year over year growth rate of 3%. The business is scheduled to report its next quarterly earnings report after the market closes on Thursday, January 25th.

On average, 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 expect that the business will post earnings of $1.40 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Dime Community Bancshares.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings results on Thursday, October 26th. The savings and loans company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. Dime Community Bancshares had a net margin of 16.99% and a return on equity of 8.28%. The firm had revenue of $42.74 million for the quarter.

Several brokerages recently commented on DCOM. Barclays lifted their target price on shares of Dime Community Bancshares from $20.00 to $21.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $23.00 target price on shares of Dime Community Bancshares in a research note on Tuesday, October 3rd. Piper Jaffray Companies downgraded shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a research note on Friday, November 3rd. Finally, BidaskClub raised shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $22.50.

Shares of Dime Community Bancshares (DCOM) traded up $0.05 during midday trading on Monday, hitting $21.55. 239,837 shares of the company traded hands, compared to its average volume of 162,593. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 2.27. Dime Community Bancshares has a 12 month low of $18.35 and a 12 month high of $22.65. The stock has a market capitalization of $804.59, a P/E ratio of 21.55 and a beta of 0.82.

In related news, insider Timothy B. King sold 5,000 shares of Dime Community Bancshares stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $22.50, for a total value of $112,500.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 7.30% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its holdings in Dime Community Bancshares by 6.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 132,824 shares of the savings and loans company’s stock valued at $2,783,000 after acquiring an additional 7,894 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in Dime Community Bancshares by 5.7% in the third quarter. GSA Capital Partners LLP now owns 84,154 shares of the savings and loans company’s stock valued at $1,809,000 after acquiring an additional 4,512 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in Dime Community Bancshares in the third quarter valued at $213,000. Asset Management One Co. Ltd. bought a new stake in Dime Community Bancshares in the third quarter valued at $313,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Dime Community Bancshares by 4.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,921,759 shares of the savings and loans company’s stock valued at $62,817,000 after acquiring an additional 122,016 shares in the last quarter. Institutional investors and hedge funds own 68.33% of the company’s stock.

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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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