Trade Report: The Brokerages Anticipate Dime Community Bancshares Inc. (DCOM) to Announce $0.31 EPS

The Brokerages Anticipate Dime Community Bancshares Inc. (DCOM) to Announce $0.31 EPS

Dime Community Bancshares Inc. (NASDAQ:DCOM) has been given an average broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold recommendation.

Brokers have set a 12 month consensus price objective of $18.50 for the company and are anticipating that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also given Dime Community Bancshares an industry rank of 102 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research lowered shares of Dime Community Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th.

In other Dime Community Bancshares news, Director Kathleen M. Nelson purchased 2,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The stock was acquired at an average price of $16.94 per share, with a total value of $33,880.00. Following the acquisition, the director now directly owns 18,104 shares of the company’s stock, valued at approximately $306,681.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 12.70% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System increased its stake in shares of Dime Community Bancshares by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 13,700 shares of the company’s stock valued at $233,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Dime Community Bancshares by 1.9% in the second quarter. Arizona State Retirement System now owns 15,970 shares of the company’s stock valued at $272,000 after buying an additional 300 shares in the last quarter. Aperio Group LLC increased its stake in shares of Dime Community Bancshares by 1.6% in the first quarter. Aperio Group LLC now owns 21,406 shares of the company’s stock valued at $377,000 after buying an additional 343 shares in the last quarter. Foundry Partners LLC increased its stake in shares of Dime Community Bancshares by 0.3% in the second quarter. Foundry Partners LLC now owns 199,075 shares of the company’s stock valued at $3,386,000 after buying an additional 575 shares in the last quarter. Finally, GSA Capital Partners LLP increased its stake in shares of Dime Community Bancshares by 2.2% in the second quarter. GSA Capital Partners LLP now owns 38,078 shares of the company’s stock valued at $648,000 after buying an additional 819 shares in the last quarter. 65.52% of the stock is owned by institutional investors and hedge funds.

Dime Community Bancshares (NASDAQ:DCOM) opened at 16.37 on Tuesday. Dime Community Bancshares has a 52 week low of $15.61 and a 52 week high of $18.87. The stock has a 50 day moving average of $17.23 and a 200-day moving average of $17.47. The stock has a market cap of $601.65 million, a P/E ratio of 7.24 and a beta of 0.87.

Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Wednesday, July 27th. The company reported $0.30 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. Dime Community Bancshares had a net margin of 32.01% and a return on equity of 8.76%. Analysts forecast that Dime Community Bancshares will post $1.25 earnings per share for the current year.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc operates as a holding company for The Dime Savings Bank of Williamsburgh (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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