Dime Community Bancshares, Inc. (NASDAQ:DCOM) announced its quarterly earnings data on Thursday. The savings and loans company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01, Yahoo Finance reports. The business had revenue of $42.74 million during the quarter. Dime Community Bancshares had a return on equity of 8.04% and a net margin of 16.23%.
Shares of Dime Community Bancshares (NASDAQ:DCOM) traded up 1.60% during midday trading on Friday, hitting $22.20. The stock had a trading volume of 134,065 shares. The firm has a market capitalization of $831.30 million, a PE ratio of 24.29 and a beta of 0.82. Dime Community Bancshares has a one year low of $16.10 and a one year high of $22.65. The firm’s 50-day moving average price is $21.00 and its 200-day moving average price is $20.10.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Monday, November 6th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Friday, November 3rd. Dime Community Bancshares’s dividend payout ratio is 60.22%.
Several equities research analysts have recently commented on DCOM shares. Barclays PLC reaffirmed an “underweight” rating and set a $20.00 target price (up from $19.00) on shares of Dime Community Bancshares in a report on Wednesday, July 12th. ValuEngine
raised Dime Community Bancshares from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $23.00 target price on shares of Dime Community Bancshares in a report on Tuesday, October 3rd. Finally, BidaskClub downgraded Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $22.17.
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About Dime Community Bancshares
Dime Community Bancshares, Inc operates as a holding company for Dime Community Bank (the Bank), a chartered savings bank. The Company is a unitary savings and loan holding company. The Company operates through Community Banking segment. The Bank’s principal business is gathering retail deposits, and lending them primarily in multifamily residential, commercial real estate and mixed use loans, as well as investing in mortgage-backed securities (MBS), obligations of the United States Government and Government Sponsored Entities (GSEs), and corporate debt and equity securities.
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