DA Davidson Has Positive Outlook for DCOM FY2025 Earnings

Dime Community Bancshares, Inc. (NASDAQ:DCOM) – Equities research analysts at DA Davidson increased their FY2025 earnings per share estimates for shares of Dime Community Bancshares in a report released on Monday, January 27th. DA Davidson analyst M. Navas now anticipates that the savings and loans company will earn $3.90 per share for the year, up from their prior estimate of $3.00. The consensus estimate for Dime Community Bancshares’ current full-year earnings is $1.49 per share.

DCOM has been the subject of several other reports. Keefe, Bruyette & Woods reduced their target price on Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating for the company in a report on Friday, January 24th. Stephens raised Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $30.00 to $39.00 in a report on Monday, November 18th. Finally, Piper Sandler raised Dime Community Bancshares from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $36.00 to $38.00 in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $36.40.

Dime Community Bancshares Stock Performance

DCOM stock opened at $30.84 on Wednesday. The firm has a market cap of $1.21 billion, a PE ratio of 20.56 and a beta of 1.05. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average of $32.80 and a 200-day moving average of $29.23. Dime Community Bancshares has a 12-month low of $17.29 and a 12-month high of $37.60.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings data on Thursday, January 23rd. The savings and loans company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). Dime Community Bancshares had a return on equity of 5.58% and a net margin of 9.65%.

Dime Community Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 17th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.24%. The ex-dividend date was Friday, January 17th. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 66.67%.

Insider Activity

In other Dime Community Bancshares news, CTO Michael Fegan sold 2,000 shares of Dime Community Bancshares stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $35.76, for a total transaction of $71,520.00. Following the completion of the sale, the chief technology officer now owns 20,155 shares of the company’s stock, valued at $720,742.80. The trade was a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Basswood Capital Management, L purchased 29,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were purchased at an average cost of $32.00 per share, with a total value of $928,000.00. Following the purchase, the director now owns 1,044,221 shares of the company’s stock, valued at approximately $33,415,072. The trade was a 2.86 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 9.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dime Community Bancshares

Hedge funds have recently added to or reduced their stakes in the company. Stieven Capital Advisors L.P. lifted its stake in shares of Dime Community Bancshares by 86.3% in the 4th quarter. Stieven Capital Advisors L.P. now owns 620,155 shares of the savings and loans company’s stock valued at $19,060,000 after acquiring an additional 287,195 shares during the last quarter. Rhumbline Advisers increased its holdings in Dime Community Bancshares by 6.6% during the 4th quarter. Rhumbline Advisers now owns 112,962 shares of the savings and loans company’s stock valued at $3,472,000 after purchasing an additional 6,984 shares during the period. Louisiana State Employees Retirement System increased its holdings in Dime Community Bancshares by 11.8% during the 4th quarter. Louisiana State Employees Retirement System now owns 19,000 shares of the savings and loans company’s stock valued at $584,000 after purchasing an additional 2,000 shares during the period. Savant Capital LLC purchased a new position in Dime Community Bancshares during the 4th quarter valued at about $209,000. Finally, Empowered Funds LLC increased its holdings in Dime Community Bancshares by 5.1% during the 4th quarter. Empowered Funds LLC now owns 77,853 shares of the savings and loans company’s stock valued at $2,393,000 after purchasing an additional 3,745 shares during the period. Institutional investors own 75.27% of the company’s stock.

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.