Equities analysts forecast that Dime Community Bancshares, Inc. (NASDAQ:DCOM) will post earnings of $0.34 per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Dime Community Bancshares’ earnings. Dime Community Bancshares posted earnings of $0.30 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.3%. The company is scheduled to report its next earnings report on Thursday, April 26th.
On average, analysts expect that Dime Community Bancshares will report full year earnings of $1.40 per share for the current year. For the next fiscal year, analysts forecast that the business will post earnings of $1.51 per share. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Dime Community Bancshares.
Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Thursday, January 25th. The savings and loans company reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Dime Community Bancshares had a net margin of 22.21% and a return on equity of 8.30%. The firm had revenue of $52.44 million for the quarter.
In related news, EVP Stuart H. Lubow bought 2,300 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were bought at an average cost of $19.25 per share, for a total transaction of $44,275.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Timothy B. King sold 5,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $22.50, for a total transaction of $112,500.00. The disclosure for this sale can be found here. 7.30% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Neuberger Berman Group LLC purchased a new stake in shares of Dime Community Bancshares during the 3rd quarter worth $213,000. Virtu KCG Holdings LLC purchased a new stake in shares of Dime Community Bancshares during the 2nd quarter worth $200,000. Teacher Retirement System of Texas purchased a new stake in shares of Dime Community Bancshares during the 4th quarter worth $228,000. Asset Management One Co. Ltd. purchased a new stake in shares of Dime Community Bancshares during the 3rd quarter worth $313,000. Finally, Dynamic Technology Lab Private Ltd boosted its position in shares of Dime Community Bancshares by 24.1% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 15,822 shares of the savings and loans company’s stock worth $310,000 after purchasing an additional 3,069 shares in the last quarter. Institutional investors own 68.57% of the company’s stock.
Dime Community Bancshares (NASDAQ:DCOM) traded down $0.45 during trading hours on Thursday, reaching $18.15. 317,030 shares of the company were exchanged, compared to its average volume of 228,334. Dime Community Bancshares has a 1 year low of $18.02 and a 1 year high of $22.65. The company has a current ratio of 1.31, a quick ratio of 1.40 and a debt-to-equity ratio of 2.14. The stock has a market cap of $692.25, a price-to-earnings ratio of 13.06 and a beta of 0.72.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, February 5th. This represents a $0.56 annualized dividend and a dividend yield of 3.09%. Dime Community Bancshares’s payout ratio is currently 40.29%.
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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