Dime Community Bancshares (NASDAQ:DCOM – Get a rating) is expected to release its quarterly results before the market opens on Friday, April 29. Analysts expect Dime Community Bancshares to post earnings of $0.85 per share for the quarter. Those interested in registering for the company’s earnings conference call can do so using this link.
Dime Community Bancshares (NASDAQ:DCOM – Get a rating) last announced its quarterly results on Friday, January 28. The savings and loans company reported EPS of $0.84 for the quarter, missing Thomson Reuters consensus estimate of $0.87 per ($0.03). Dime Community Bancshares had a return on equity of 14.31% and a net margin of 24.37%. The company posted revenue of $101.87 million for the quarter, versus analyst estimates of $101.94 million. In the same quarter of the previous year, the company had earned earnings per share of $0.75. On average, analysts expect Dime Community Bancshares to post EPS of $3 for the current fiscal year and EPS of $4 for the next fiscal year.
NASDAQ:DCOM shares opened at $35.85 on Friday. The company’s fifty-day moving average price is $34.38 and its 200-day moving average price is $35.07. Dime Community Bancshares has a 12-month low of $29.22 and a 12-month high of $38.35. The company has a market capitalization of $1.41 billion, a P/E ratio of 15.93 and a beta of 1.07.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 25. Shareholders of record on Monday, April 18 will receive a dividend of $0.24. The ex-dividend date is Thursday, April 14. This represents a dividend of $0.96 on an annualized basis and a yield of 2.68%. Dime Community Bancshares’ dividend payout ratio is currently 42.67%.
In related news, Basswood Capital Management director L sold 11,270 shares of the company in a trade dated Monday, February 28. The shares were sold at an average price of $33.91, for a total transaction of $382,165.70. The transaction was disclosed in a document filed with the SEC, accessible via this link. 16.40% of the shares are currently held by insiders.
Several hedge funds and other institutional investors have recently changed their positions in DCOM. BlackRock Inc. increased its holdings of Dime Community Bancshares shares by 2.2% in the fourth quarter. BlackRock Inc. now owns 5,511,788 shares of the savings and loan company valued at $193,793,000 after purchasing an additional 119,277 shares in the last quarter. Millennium Management LLC increased its stake in Dime Community Bancshares shares by 44.4% during the fourth quarter. Millennium Management LLC now owns 238,205 shares of the savings and loan company valued at $8,375,000 after purchasing an additional 73,286 shares during the period. Goldman Sachs Group Inc. increased its stake in Dime Community Bancshares shares by 39.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 199,235 shares of the savings and loan company valued at $7,005,000 after purchasing an additional 56,866 shares during the period. Morgan Stanley increased its stake in shares of Dime Community Bancshares by 28.6% during the second quarter. Morgan Stanley now owns 189,588 shares of the savings and loan company valued at $6,375,000 after purchasing an additional 42,158 shares during the period. Finally, Wells Fargo & Company MN increased its equity stake in Dime Community Bancshares by 145.9% during the fourth quarter. Wells Fargo & Company MN now owns 45,101 shares of the savings and loan company valued at $1,586,000 after purchasing an additional 26,761 shares during the period. 71.75% of the shares are currently held by institutional investors.
DCOM has been the subject of a number of recent research reports. StockNews.com launched a hedge on the shares of Dime Community Bancshares in a research note on Thursday, March 31. They issued a “hold” rating on the stock. Zacks Investment Research downgraded shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a Monday, April 4, research note.
Dime Community Bancshares Company Profile (Get a rating)
Dime Community Bancshares, Inc operates as a holding company for Dime Community Bank which provides various commercial banking and financial services. It accepts term, savings and demand deposits from businesses, consumers and local municipalities. The company also offers commercial real estate loans; multi-family mortgages; residential mortgages; secured and unsecured commercial and consumer loans; home equity loans; and construction and land loans.
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