Dime Community Bancshares (DCOM) to Release Quarterly Earnings on Tuesday

Dime Community Bancshares (NASDAQ:DCOM) is scheduled to be releasing its earnings data before the market opens on Tuesday, October 22nd. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Tuesday, July 23rd. The savings and loans company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. Dime Community Bancshares had a net margin of 9.98% and a return on equity of 6.58%. The business had revenue of $171.23 million for the quarter, compared to analyst estimates of $82.19 million. During the same quarter in the prior year, the firm earned $0.68 EPS. On average, analysts expect Dime Community Bancshares to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Dime Community Bancshares Trading Down 2.5 %

Shares of DCOM stock opened at $30.66 on Monday. The company has a market capitalization of $1.19 billion, a P/E ratio of 17.22 and a beta of 1.00. Dime Community Bancshares has a 12-month low of $17.29 and a 12-month high of $31.75. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.79. The firm has a 50-day moving average price of $26.56 and a 200 day moving average price of $22.37.

Dime Community Bancshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 17th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend is Thursday, October 17th. Dime Community Bancshares’s payout ratio is 56.18%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Raymond James increased their price target on Dime Community Bancshares from $35.00 to $36.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 2nd. Piper Sandler lowered Dime Community Bancshares from an “overweight” rating to a “neutral” rating and raised their target price for the company from $23.00 to $26.00 in a research note on Tuesday, July 23rd. StockNews.com downgraded shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Dime Community Bancshares from $25.50 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.50.

About Dime Community Bancshares

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans.