Brokers Issue Forecasts for Dime Community Bancshares, Inc.’s Q1 2019 Earnings (NASDAQ:DCOM)

Dime Community Bancshares, Inc. (NASDAQ:DCOM) – Stock analysts at Piper Jaffray Companies issued their Q1 2019 EPS estimates for Dime Community Bancshares in a report released on Tuesday, April 9th, according to Zacks Investment Research. Piper Jaffray Companies analyst M. Breese forecasts that the savings and loans company will post earnings per share of $0.32 for the quarter.

Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Thursday, April 25th. The savings and loans company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Dime Community Bancshares had a return on equity of 7.87% and a net margin of 20.62%. The firm had revenue of $37.68 million during the quarter, compared to analyst estimates of $38.70 million.

A number of other research analysts have also commented on the company. BidaskClub lowered Dime Community Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Zacks Investment Research upgraded Dime Community Bancshares from a “hold” rating to a “strong-buy” rating and set a $22.00 price target for the company in a report on Thursday, January 31st. Finally, Sandler O’Neill lowered Dime Community Bancshares from a “buy” rating to a “hold” rating and set a $20.00 price target for the company. in a report on Wednesday, February 13th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $19.88.

DCOM traded up $0.42 on Friday, hitting $20.21. The company had a trading volume of 166,762 shares, compared to its average volume of 108,808. Dime Community Bancshares has a 1-year low of $15.48 and a 1-year high of $20.85. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $725.18 million, a P/E ratio of 14.97 and a beta of 0.81.

Hedge funds have recently modified their holdings of the company. Texas Permanent School Fund raised its stake in shares of Dime Community Bancshares by 2.8% in the first quarter. Texas Permanent School Fund now owns 20,831 shares of the savings and loans company’s stock valued at $390,000 after purchasing an additional 559 shares in the last quarter. Raymond James & Associates raised its stake in shares of Dime Community Bancshares by 8.1% in the fourth quarter. Raymond James & Associates now owns 13,270 shares of the savings and loans company’s stock valued at $225,000 after purchasing an additional 1,000 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Dime Community Bancshares by 8.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 18,653 shares of the savings and loans company’s stock valued at $349,000 after purchasing an additional 1,400 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Dime Community Bancshares by 3.3% in the fourth quarter. Arizona State Retirement System now owns 47,706 shares of the savings and loans company’s stock valued at $810,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Citigroup Inc. raised its stake in shares of Dime Community Bancshares by 8.5% in the fourth quarter. Citigroup Inc. now owns 23,223 shares of the savings and loans company’s stock valued at $394,000 after purchasing an additional 1,827 shares in the last quarter. Institutional investors own 73.38% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 8th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.77%. Dime Community Bancshares’s dividend payout ratio (DPR) is presently 41.48%.

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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Earnings History and Estimates for Dime Community Bancshares (NASDAQ:DCOM)

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