Dime Community Bancshares (DCOM) to report quarterly results on Friday
Dime Community Bancshares (NASDAQ: DCOM) is expected to report its results before the market opens on Friday, October 29. Analysts expect the company to report earnings of $ 0.81 per share for the quarter. Investors who wish to register for the company’s conference call can do so by using this link.
Dime Community Bancshares (NASDAQ: DCOM) last reported its results on Thursday, July 29. The savings and loan company reported EPS of $ 0.91 for the quarter, missing analyst consensus estimates of $ 1.05 from ($ 0.14). Dime Community Bancshares had a net margin of 16.58% and a return on equity of 13.31%. The company posted revenue of $ 122.80 million for the quarter, compared to analysts’ expectations of $ 115.29 million. On average, analysts expect Dime Community Bancshares to post EPS of $ 4 for the current fiscal year and EPS of $ 3 for the next fiscal year.
Dime Community Bancshares shares opened at $ 34.61 on Friday. The company has a 50-day moving average of $ 33.02 and a 200-day moving average of $ 33.15. Dime Community Bancshares has a 12-month low of $ 18.24 and a 12-month high of $ 35.87. The stock has a market cap of $ 1.42 billion, a price-to-earnings ratio of 21.10 and a beta of 1.17. The company has a debt ratio of 0.18, a current ratio of 0.97, and a quick ratio of 0.96.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 25. Investors of record on Monday, October 18 will receive a dividend of $ 0.24 per share. This represents a dividend of $ 0.96 on an annualized basis and a return of 2.77%. The ex-dividend date is Friday October 15. Dime Community Bancshares’ dividend payout ratio (DPR) is 38.10%.
Separately, Zacks investment research reduced Dime Community Bancshares from a “buy” note to a “keep” note in a research note on Friday, July 9. One research analyst rated the stock with a conservation rating, two gave the company a buy rating, and one gave the company a high buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $ 39.83.
In other news, Director Basswood Capital Management, L sold 27,014 shares of Dime Community Bancshares in a transaction dated Wednesday, August 18. The stock was sold for an average price of $ 32.80, for a total value of $ 886,059.20. The sale was disclosed in a legal file with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 139,696 shares of the company valued at $ 4,622,809 in the last quarter. Company insiders own 16.40% of the company’s shares.
A hedge fund recently increased its stake in shares of Dime Community Bancshares. Wells Fargo & Company MN increased its position in Dime Community Bancshares, Inc. (NASDAQ: DCOM) shares by 29.4% in the 2nd quarter, according to the company in its latest disclosure with the Securities & Exchange Commission. The company held 41,743 shares of the savings and loan company after purchasing an additional 9,496 shares during the period. Wells Fargo & Company MN owned 0.10% of Dime Community Bancshares valued at $ 1,404,000 at the time of its last filing with the SEC. Institutional investors hold 72.04% of the company’s shares.
About Dime Community Bancshares
The largest community bank headquartered in Brooklyn, New York, was established on April 19, 1864. The bank specializes in commercial mortgage financing in the New York metropolitan area and serves depositors at 24 service branches. full through Brooklyn, Queens, Nassau and the Bronx.
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