What is DA Davidson’s Forecast for DCOM FY2025 Earnings?

Dime Community Bancshares, Inc. (NASDAQ:DCOM) – Research analysts at DA Davidson lifted their FY2025 earnings per share (EPS) estimates for Dime Community Bancshares in a report issued on Monday, January 27th. DA Davidson analyst M. Navas now anticipates that the savings and loans company will post earnings per share of $3.90 for the year, up from their previous forecast of $3.00. The consensus estimate for Dime Community Bancshares’ current full-year earnings is $1.49 per share.

Several other equities analysts have also recently commented on DCOM. Stephens raised shares of Dime Community Bancshares from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $30.00 to $39.00 in a research report on Monday, November 18th. Piper Sandler upgraded Dime Community Bancshares from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $36.00 to $38.00 in a report on Thursday, January 23rd. Raymond James upped their price target on Dime Community Bancshares from $35.00 to $36.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods reduced their price target on Dime Community Bancshares from $42.00 to $41.00 and set an “outperform” rating on the stock in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Dime Community Bancshares has a consensus rating of “Moderate Buy” and a consensus price target of $36.40.

Dime Community Bancshares Trading Down 0.7 %

Shares of DCOM stock opened at $30.78 on Wednesday. Dime Community Bancshares has a fifty-two week low of $17.29 and a fifty-two week high of $37.60. The company has a 50 day moving average price of $32.96 and a 200 day moving average price of $29.16. The stock has a market capitalization of $1.21 billion, a P/E ratio of 20.52 and a beta of 1.05. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01.

Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Thursday, January 23rd. The savings and loans company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). Dime Community Bancshares had a return on equity of 5.58% and a net margin of 9.65%.

Dime Community Bancshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 17th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.25%. The ex-dividend date was Friday, January 17th. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 66.67%.

Insider Buying and Selling at Dime Community Bancshares

In other Dime Community Bancshares news, CTO Michael Fegan sold 2,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $35.76, for a total value of $71,520.00. Following the transaction, the chief technology officer now directly owns 20,155 shares in the company, valued at $720,742.80. This represents a 9.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Basswood Capital Management, L acquired 29,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were bought at an average cost of $32.00 per share, for a total transaction of $928,000.00. Following the acquisition, the director now owns 1,044,221 shares of the company’s stock, valued at $33,415,072. This represents a 2.86 % increase in their position. The disclosure for this purchase can be found here. 9.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Dime Community Bancshares

Institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its position in Dime Community Bancshares by 120.9% during the third quarter. The Manufacturers Life Insurance Company now owns 480,944 shares of the savings and loans company’s stock worth $13,851,000 after buying an additional 263,225 shares during the period. Royce & Associates LP increased its position in Dime Community Bancshares by 47.4% in the 3rd quarter. Royce & Associates LP now owns 503,653 shares of the savings and loans company’s stock valued at $14,505,000 after acquiring an additional 162,004 shares during the period. Systematic Financial Management LP raised its stake in Dime Community Bancshares by 15.1% during the 3rd quarter. Systematic Financial Management LP now owns 1,090,834 shares of the savings and loans company’s stock valued at $31,416,000 after acquiring an additional 143,402 shares during the last quarter. Foundry Partners LLC grew its stake in shares of Dime Community Bancshares by 19.3% in the 3rd quarter. Foundry Partners LLC now owns 242,027 shares of the savings and loans company’s stock valued at $6,970,000 after purchasing an additional 39,190 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Dime Community Bancshares by 91.0% in the third quarter. Barclays PLC now owns 75,732 shares of the savings and loans company’s stock valued at $2,181,000 after purchasing an additional 36,076 shares during the period. 75.27% of the stock is owned by hedge funds and other institutional investors.

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.