Zacks: Analysts Predict Dime Community Bancshares, Inc. (NASDAQ: DCOM) to Report Earnings Per Share of $ 0.87


Wall Street brokerages expect Dime Community Bancshares, Inc. (NASDAQ: DCOM) to post earnings of $ 0.87 per share for the current fiscal quarter, Zacks reports. Two analysts estimated Dime Community Bancshares’ earnings, with the highest EPS estimate being $ 0.91 and the lower estimate being $ 0.83. Dime Community Bancshares posted earnings of $ 0.75 per share for the same quarter last year, which would suggest a positive year-over-year growth rate of 16%. The company is expected to release its next quarterly results on Thursday, January 27.

On average, analysts expect Dime Community Bancshares to report annual earnings of $ 2.52 per share for the current fiscal year, with EPS estimates ranging from $ 2.48 to $ 2.55. For the next fiscal year, analysts predict the company will report earnings of $ 3.51 per share, with EPS estimates ranging from $ 3.25 to $ 3.74. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts who cover Dime Community Bancshares.

Dime Community Bancshares (NASDAQ: DCOM) last reported its results on Thursday, October 28. The savings and loan company reported earnings of $ 0.89 per share for the quarter, beating the consensus estimate of $ 0.81 by $ 0.08. Dime Community Bancshares had a net margin of 20.83% and a return on equity of 14.25%. The company posted revenue of $ 104.56 million for the quarter, compared to the consensus estimate of $ 100.18 million. During the same period of the previous year, the company earned $ 0.77 per share.

Separately, Zacks Investment Research upgraded Dime Community Bancshares shares from a “hold” rating to a “buy” rating and set a price target of $ 42.00 for the company in a research report released on Wednesday. November 3. Three investment analysts rated the stock with a buy rating and one gave the stock a strong buy rating. According to, the stock has a consensus rating of “Buy” and an average target price of $ 41.17.

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Separately, insider Christopher J. Porzelt sold 1,470 shares of the company in a transaction dated Thursday, December 2. The shares were sold for an average price of $ 35.11, for a total value of $ 51,611.70. The transaction was disclosed in a file with the Securities & Exchange Commission, accessible through this link. In addition, Principal Basswood Capital Management, L sold 56,759 shares of the company in a transaction dated Monday, December 13. The stock was sold at an average price of $ 32.91, for a total trade of $ 1,867,938.69. Disclosure of this sale can be found here. Insiders sold 71,113 shares of the company valued at $ 2,357,803 in the past 90 days. 16.40% of the shares are currently held by insiders.

Hedge funds recently changed their holdings in the company. Price T Rowe Associates Inc. MD increased its holdings in Dime Community Bancshares by 45.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 3,476,173 shares of the savings and loan company valued at $ 116,869,000 after acquiring an additional 1,087,329 shares in the last quarter. Vanguard Group Inc. increased its stake in Dime Community Bancshares shares by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 2,209,618 shares of the savings and loan company valued at $ 74,287,000 after acquiring an additional 8,560 shares during the period. William Blair Investment Management LLC increased its stake in Dime Community Bancshares shares by 398,870.6% during the 3rd quarter. William Blair Investment Management LLC now owns 1,356,500 shares of the savings and loan company valued at $ 44,303,000 after acquiring 1,356,160 additional shares during the period. State Street Corp increased its stake in Dime Community Bancshares by 3.6% in the 2nd quarter. State Street Corp now owns 1,197,070 shares of the savings and loan company valued at $ 40,245,000 after purchasing an additional 41,434 shares during the period. Finally, Systematic Financial Management LP increased its stake in Dime Community Bancshares by 20.5% in the second quarter. Systematic Financial Management LP now owns 684,202 shares of the savings and loan company valued at $ 23,003,000 after acquiring an additional 116,446 shares during the last quarter. Institutional investors hold 72.21% of the shares of the company.

Dime Community Bancshares shares opened at $ 33.08 on Friday. The stock has a market cap of $ 1.34 billion, a price-to-earnings ratio of 17.69 and a beta of 1.12. The company has a fifty-day simple moving average of $ 35.47 and a 200-day simple moving average of $ 33.85. The company has a current ratio of 0.92, a quick ratio of 0.92, and a debt ratio of 0.18. Dime Community Bancshares has a 12 month low of $ 23.42 and a 12 month high of $ 38.35.

The company also recently declared a quarterly dividend, which was paid on Monday, October 25. Investors of record on Monday, October 18 received a dividend of $ 0.24. The ex-dividend date of this dividend was Friday October 15. This represents an annualized dividend of $ 0.96 and a return of 2.90%. Dime Community Bancshares’ payout ratio is 51.34%.

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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Earnings history and estimates for Dime Community Bancshares (NASDAQ: DCOM)

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