Analysts Set Expectations for Dime Community Bancshares, Inc.’s Q2 2024 Earnings (NASDAQ:DCOM)

Dime Community Bancshares, Inc. (NASDAQ:DCOM) – Analysts at DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for shares of Dime Community Bancshares in a research report issued to clients and investors on Thursday, April 25th. DA Davidson analyst M. Navas anticipates that the savings and loans company will post earnings of $0.31 per share for the quarter. DA Davidson currently has a “Buy” rating and a $28.00 target price on the stock. The consensus estimate for Dime Community Bancshares’ current full-year earnings is $1.67 per share.

Several other equities analysts have also recently issued reports on the company. Raymond James lowered their price objective on Dime Community Bancshares from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 13th. Keefe, Bruyette & Woods lowered their price objective on Dime Community Bancshares from $30.00 to $25.50 and set an “outperform” rating on the stock in a research report on Friday, April 5th. Finally, StockNews.com cut Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Thursday, March 21st.

Dime Community Bancshares Stock Performance

Shares of DCOM opened at $18.20 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average price is $18.58 and its 200-day moving average price is $21.01. Dime Community Bancshares has a 52 week low of $15.57 and a 52 week high of $27.91. The stock has a market cap of $707.62 million, a P/E ratio of 10.22 and a beta of 1.02.

Dime Community Bancshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 17th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, April 16th. This represents a $1.00 annualized dividend and a dividend yield of 5.49%. Dime Community Bancshares’s payout ratio is 56.18%.

Hedge Funds Weigh In On Dime Community Bancshares

Several hedge funds and other institutional investors have recently modified their holdings of DCOM. First Eagle Investment Management LLC lifted its holdings in shares of Dime Community Bancshares by 1,218.3% during the 4th quarter. First Eagle Investment Management LLC now owns 300,654 shares of the savings and loans company’s stock valued at $8,097,000 after buying an additional 277,847 shares during the period. Hennessy Advisors Inc. purchased a new stake in shares of Dime Community Bancshares in the 4th quarter worth $3,016,000. Salzhauer Michael increased its stake in shares of Dime Community Bancshares by 446.0% in the 1st quarter. Salzhauer Michael now owns 129,915 shares of the savings and loans company’s stock worth $2,502,000 after purchasing an additional 106,121 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Dime Community Bancshares by 11.1% in the 3rd quarter. Brown Advisory Inc. now owns 769,199 shares of the savings and loans company’s stock worth $15,353,000 after purchasing an additional 77,113 shares in the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in shares of Dime Community Bancshares by 48.2% in the 4th quarter. Mutual of America Capital Management LLC now owns 163,148 shares of the savings and loans company’s stock worth $4,394,000 after purchasing an additional 53,041 shares in the last quarter. 75.27% of the stock is owned by 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.