Dime Community Bancshares, Inc. (NASDAQ:DCOM) Plans Quarterly Dividend of $0.25

Dime Community Bancshares, Inc. (NASDAQ:DCOM) declared a quarterly dividend on Wednesday, March 25th. Stockholders of record on Friday, April 17th will be given a dividend of 0.25 per share by the savings and loans company on Friday, April 24th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, April 17th.

Dime Community Bancshares has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Dime Community Bancshares has a dividend payout ratio of 26.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Dime Community Bancshares to earn $3.98 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 25.1%.

Dime Community Bancshares Price Performance

Dime Community Bancshares stock opened at $33.32 on Thursday. The firm has a market cap of $1.46 billion, a PE ratio of 14.12 and a beta of 1.09. Dime Community Bancshares has a 52-week low of $23.25 and a 52-week high of $36.86. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.57. The company’s 50 day moving average is $33.37 and its two-hundred day moving average is $30.74.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings results on Wednesday, January 21st. The savings and loans company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.70 by $0.09. The business had revenue of $123.85 million during the quarter, compared to the consensus estimate of $118.14 million. Dime Community Bancshares had a net margin of 15.15% and a return on equity of 9.12%. During the same quarter in the previous year, the firm posted $0.42 earnings per share. On average, research analysts expect that Dime Community Bancshares will post 3.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of Dime Community Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Keefe, Bruyette & Woods raised their price objective on shares of Dime Community Bancshares from $34.00 to $40.00 and gave the stock an “outperform” rating in a report on Thursday, January 22nd. Zacks Research upgraded shares of Dime Community Bancshares from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Stephens increased their target price on shares of Dime Community Bancshares from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Finally, DA Davidson boosted their price target on shares of Dime Community Bancshares from $37.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Dime Community Bancshares has an average rating of “Moderate Buy” and an average price target of $38.00.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc is the bank holding company for Dime Community Bank, headquartered in Hauppauge, New York. Through its subsidiary, the company offers a comprehensive suite of banking and financial services to both individual and commercial customers. With a network of branches spanning the New York metropolitan area and South Florida, Dime Community Bancshares emphasizes relationship banking and local decision-making.

The company’s core lending activities include commercial and multifamily real estate loans, construction and land development financing, and one-to-four-family residential mortgage lending.