Dime Community Bancshares, Inc. (DCOM) Expected to Post Earnings of $0.33 Per Share
Brokerages expect Dime Community Bancshares, Inc. (NASDAQ:DCOM) to announce earnings of $0.33 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Dime Community Bancshares’ earnings. Dime Community Bancshares posted earnings per share of $0.34 in the same quarter last year, which would indicate a negative year over year growth rate of 2.9%. The company is scheduled to issue its next quarterly earnings results before the market opens on Thursday, April 27th.
According to Zacks, analysts expect that Dime Community Bancshares will report full-year earnings of $1.36 per share for the current year. For the next fiscal year, analysts anticipate that the business will post earnings of $1.48 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Dime Community Bancshares.
Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings results on Thursday, January 26th. The savings and loans company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $39.72 million for the quarter. Dime Community Bancshares had a net margin of 26.70% and a return on equity of 8.40%.
Separately, Keefe, Bruyette & Woods set a $22.00 price objective on Dime Community Bancshares and gave the stock a “hold” rating in a research note on Tuesday, April 4th.
Dime Community Bancshares (NASDAQ:DCOM) traded up 1.50% during mid-day trading on Monday, reaching $20.30. 200,617 shares of the company traded hands. The company has a market capitalization of $761.21 million, a P/E ratio of 10.30 and a beta of 0.78. The stock has a 50 day moving average price of $20.44 and a 200-day moving average price of $19.50. Dime Community Bancshares has a 52-week low of $16.10 and a 52-week high of $22.48.
Large investors have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan boosted its stake in Dime Community Bancshares by 1.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,160 shares of the savings and loans company’s stock worth $187,000 after buying an additional 110 shares during the period. Louisiana State Employees Retirement System boosted its stake in Dime Community Bancshares by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the savings and loans company’s stock worth $258,000 after buying an additional 200 shares during the period. Arizona State Retirement System boosted its stake in Dime Community Bancshares by 1.9% in the third quarter. Arizona State Retirement System now owns 16,270 shares of the savings and loans company’s stock worth $273,000 after buying an additional 300 shares during the period. Thrivent Financial for Lutherans boosted its stake in Dime Community Bancshares by 5.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,825 shares of the savings and loans company’s stock worth $338,000 after buying an additional 830 shares during the period. Finally, Comerica Bank boosted its stake in Dime Community Bancshares by 6.3% in the fourth quarter. Comerica Bank now owns 33,286 shares of the savings and loans company’s stock worth $671,000 after buying an additional 1,976 shares during the period. Institutional investors and hedge funds own 64.80% of the company’s stock.
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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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