Wall Street analysts expect Dime Community Bancshares, Inc. (NASDAQ: DCOM) to report $ 100.18 million in sales for the current fiscal quarter, Zacks investment research reports. Two analysts have estimated the profits of Dime Community Bancshares, with estimates ranging from $ 99.36 million to $ 101.00 million. Dime Community Bancshares recorded sales of $ 47.50 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 110.9%. The company is expected to release its next quarterly results before the market opens on Friday, October 29.
On average, analysts expect Dime Community Bancshares to report annual revenue of $ 393.69 million for the current fiscal year, with estimates ranging from $ 390.98 million to 396.40 million. millions of dollars. For next year, analysts expect the company to post sales of $ 415.24 million, with estimates ranging from $ 408.27 million to $ 422.20 million. Zacks Investment Research sales averages are an average based on a survey of seller-side research analysts who follow Dime Community Bancshares.
Dime Community Bancshares (NASDAQ: DCOM) last reported its quarterly results on Thursday, July 29. The savings and loan company reported earnings of $ 0.91 per share (EPS) for the quarter, missing analyst consensus estimates of $ 1.05 per ($ 0.14). The company posted revenue of $ 122.80 million for the quarter, compared to the consensus estimate of $ 115.29 million. Dime Community Bancshares had a net margin of 16.58% and a return on equity of 13.31%.
Separately, Zacks investment research reduced Dime Community Bancshares from a â€œbuyâ€ rating to a â€œconservationâ€ rating in a research report released Friday, July 9. One analyst assigned a conservation rating to the stock, two issued a buy rating, and another assigned a high buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of â€œBuyâ€ and an average price target of $ 39.83.
Dime Community Bancshares actions open for $ 34.86 Friday. The stock has a market cap of $ 1.43 billion, a PE ratio of 21.26 and a beta of 1.17. The company has a debt ratio of 0.18, a quick ratio of 0.96, and a current ratio of 0.97. Dime Community Bancshares has a one-year minimum of $ 18.24 and a one-year maximum of $ 35.87. The stock has a fifty-day moving average of $ 33.02 and a 200-day moving average of $ 33.17.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 25. Investors of record on Monday, October 18 will receive a dividend of $ 0.24 per share. This represents a dividend of $ 0.96 on an annualized basis and a dividend yield of 2.75%. The ex-dividend date is Friday October 15. Dime Community Bancshares’ dividend payout ratio is currently 38.10%.
In related news, Director Basswood Capital Management, L sold 27,014 shares of the company in a transaction that took place on Wednesday, August 18. The stock was sold for an average price of $ 32.80, for a total trade of $ 886,059.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 139,696 shares of the company valued at $ 4,622,809 in the past three months. 16.40% of the shares are held by insiders.
Several hedge funds have recently changed their holdings to DCOM. Advisor Group Holdings Inc. increased its stake in Dime Community Bancshares shares by 252.2% during the 2nd quarter. Advisor Group Holdings Inc. now owns 877 shares of the savings and loan company valued at $ 29,000 after acquiring 628 additional shares in the last quarter. Eaton Vance Management purchased a new position in Dime Community Bancshares during the 1st quarter valued at $ 37,000. Captrust Financial Advisors increased its stake in Dime Community Bancshares by 22.6% during the 1st quarter. Captrust Financial Advisors now owns 3,183 shares of the savings and loan company valued at $ 96,000 after purchasing an additional 587 shares during the period. Federated Hermes Inc. increased its stake in Dime Community Bancshares by 30.3% during the 1st quarter. Federated Hermes Inc. now owns 4,239 shares of the savings and loan company valued at $ 128,000 after purchasing an additional 986 shares during the period. Finally, Carolina Wealth Advisors LLC increased its stake in Dime Community Bancshares by 28.4% during the second quarter. Carolina Wealth Advisors LLC now owns 4,691 shares of the savings and loan company valued at $ 158,000 after purchasing an additional 1,037 shares during the period. 72.04% of the shares are held by hedge funds and other institutional investors.
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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