Dime Community Bancshares, Inc. (NASDAQ:DCOM) – Analysts at Piper Jaffray Companies dropped their FY2018 earnings per share estimates for Dime Community Bancshares in a report released on Thursday, November 1st. Piper Jaffray Companies analyst M. Breese now anticipates that the savings and loans company will post earnings per share of $1.33 for the year, down from their prior estimate of $1.35. Piper Jaffray Companies also issued estimates for Dime Community Bancshares’ Q1 2019 earnings at $0.30 EPS, Q2 2019 earnings at $0.31 EPS, Q3 2019 earnings at $0.31 EPS, Q4 2019 earnings at $0.31 EPS, FY2019 earnings at $1.24 EPS, Q1 2020 earnings at $0.31 EPS, Q2 2020 earnings at $0.32 EPS, Q3 2020 earnings at $0.32 EPS and FY2020 earnings at $1.28 EPS.
Several other brokerages have also recently issued reports on DCOM. ValuEngine cut Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Zacks Investment Research raised Dime Community Bancshares from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $20.50 target price on shares of Dime Community Bancshares in a research report on Friday, July 13th. Barclays dropped their target price on Dime Community Bancshares from $20.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 3rd. Finally, BidaskClub cut Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 6th. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. Dime Community Bancshares presently has a consensus rating of “Hold” and a consensus price target of $19.83.
Shares of NASDAQ DCOM opened at $16.47 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.27 and a debt-to-equity ratio of 1.92. The firm has a market cap of $616.95 million, a price-to-earnings ratio of 12.77 and a beta of 0.66. Dime Community Bancshares has a 12-month low of $15.48 and a 12-month high of $22.65.
Dime Community Bancshares (NASDAQ:DCOM) last announced its earnings results on Friday, October 26th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). The company had revenue of $37.25 million for the quarter, compared to the consensus estimate of $37.90 million. Dime Community Bancshares had a net margin of 22.65% and a return on equity of 8.34%.
Several institutional investors have recently bought and sold shares of DCOM. Piedmont Investment Advisors LLC acquired a new stake in shares of Dime Community Bancshares in the 2nd quarter worth $141,000. Barclays PLC boosted its position in shares of Dime Community Bancshares by 91.9% in the 1st quarter. Barclays PLC now owns 9,644 shares of the savings and loans company’s stock worth $178,000 after purchasing an additional 4,619 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Dime Community Bancshares in the 3rd quarter worth $238,000. SG Americas Securities LLC acquired a new stake in shares of Dime Community Bancshares in the 2nd quarter worth $322,000. Finally, HGK Asset Management Inc. boosted its position in shares of Dime Community Bancshares by 19.3% in the 2nd quarter. HGK Asset Management Inc. now owns 18,619 shares of the savings and loans company’s stock worth $363,000 after purchasing an additional 3,013 shares in the last quarter. 72.71% of the stock is owned by hedge funds and other institutional investors.
In other Dime Community Bancshares news, EVP Stuart H. Lubow acquired 5,000 shares of the stock in a transaction dated Thursday, August 9th. The stock was purchased at an average price of $17.80 per share, with a total value of $89,000.00. Following the transaction, the executive vice president now directly owns 15,743 shares of the company’s stock, valued at $280,225.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 5,883 shares of company stock worth $105,072 in the last ninety days. Insiders own 7.30% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 13th. Shareholders of record on Tuesday, November 6th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, November 5th. This represents a $0.56 annualized dividend and a yield of 3.40%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 43.41%.
About Dime Community Bancshares
Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. It offers deposit products, such as savings, money market, and interest bearing and non-interest bearing checking accounts, as well as certificates of deposit.
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