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

Dime Community Bancshares, Inc. (NASDAQ:DCOM) – Analysts at DA Davidson raised their FY2025 earnings per share estimates for shares of Dime Community Bancshares in a report issued on Thursday, November 14th. DA Davidson analyst M. Navas now expects that the savings and loans company will post earnings of $3.05 per share for the year, up from their prior forecast of $3.00. The consensus estimate for Dime Community Bancshares’ current full-year earnings is $1.48 per share.

Other equities analysts also recently issued research reports about the company. Piper Sandler downgraded Dime Community Bancshares from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $23.00 to $26.00 in a research report on Tuesday, July 23rd. Raymond James boosted their target price on Dime Community Bancshares from $35.00 to $36.00 and gave the company a “strong-buy” rating in a research report on Wednesday, October 2nd. StockNews.com downgraded Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Finally, Keefe, Bruyette & Woods boosted their target price on 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 investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.50.

Dime Community Bancshares Stock Performance

NASDAQ DCOM opened at $33.70 on Monday. The company has a market cap of $1.32 billion, a P/E ratio of 22.47 and a beta of 0.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.01 and a current ratio of 1.01. The business’s 50 day moving average price is $29.47 and its 200-day moving average price is $24.16. Dime Community Bancshares has a fifty-two week low of $17.29 and a fifty-two week high of $35.21.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Tuesday, October 22nd. The savings and loans company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.12). The firm had revenue of $171.87 million during the quarter, compared to the consensus estimate of $86.65 million. Dime Community Bancshares had a return on equity of 5.58% and a net margin of 9.65%. During the same period in the previous year, the firm earned $0.56 EPS.

Institutional Investors Weigh In On Dime Community Bancshares

Several hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of Dime Community Bancshares by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 860,009 shares of the savings and loans company’s stock worth $24,773,000 after buying an additional 9,978 shares during the period. Barclays PLC lifted its holdings in shares of Dime Community Bancshares by 91.0% in the 3rd quarter. Barclays PLC now owns 75,732 shares of the savings and loans company’s stock worth $2,181,000 after buying an additional 36,076 shares during the period. Systematic Financial Management LP lifted its holdings in shares of Dime Community Bancshares by 15.1% in the 3rd quarter. Systematic Financial Management LP now owns 1,090,834 shares of the savings and loans company’s stock worth $31,416,000 after buying an additional 143,402 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Dime Community Bancshares by 120.9% in the 3rd 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. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Dime Community Bancshares by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 316,611 shares of the savings and loans company’s stock worth $9,118,000 after buying an additional 5,052 shares during the period. 75.27% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dime Community Bancshares

In other news, Director Basswood Capital Management, L bought 29,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was acquired 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.10% of the stock is currently owned by corporate insiders.

Dime Community Bancshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 17th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.97%. The ex-dividend date was Thursday, October 17th. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 66.67%.

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.