$101.05 million in sales expected for Dime Community Bancshares, Inc. (NASDAQ:DCOM) this quarter
Stock analysts expect Dime Community Bancshares, Inc. (NASDAQ:DCOM) to report $101.05 million in sales for the current quarter, Zacks reports. Two analysts provided earnings estimates for Dime Community Bancshares, with estimates ranging from $100.50 million to $101.61 million. Dime Community Bancshares reported sales of $70.46 million in the same quarter last year, suggesting a positive year-over-year growth rate of 43.4%. The company is expected to release its next quarterly results on Friday, April 29.
On average, analysts expect Dime Community Bancshares to record annual sales of $411.00 million for the current year, with estimates ranging from $410.39 million to $411.60 million . For the next fiscal year, analysts expect the company to post sales of $437.81 million, with estimates ranging from $431.23 million to $444.40 million. Zacks sales averages are an average average based on a survey of research companies that cover Dime Community Bancshares.
Dime Community Bancshares Inc (NASDAQ:DCOM) last released its quarterly results on Friday, January 28. The savings and loan company reported earnings per share of $0.83 for the quarter, missing the consensus estimate of $0.86 per ($0.03). Dime Community Bancshares had a return on equity of 14.31% and a net margin of 24.37%. During the same period a year earlier, the company posted EPS of $0.75.
Separately, Zacks Investment Research downgraded Dime Community Bancshares from a “buy” to a “hold” rating in a Tuesday, February 1 research report.
Shares of Dime Community Bancshares opened at $35.18 on Friday. The company has a debt ratio of 0.21, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a fifty-day moving average of $35.21 and a two-hundred-day moving average of $34.58. The company has a market capitalization of $1.42 billion, a price-earnings ratio of 15.64 and a beta of 1.07. Dime Community Bancshares has a fifty-two week low of $27.56 and a fifty-two week high of $38.35.
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The company also recently disclosed a quarterly dividend, which was paid on Monday, January 24. Shareholders of record on Monday, January 17 received a dividend of $0.24. This represents a dividend of $0.96 on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Thursday, January 13. Dime Community Bancshares’ dividend payout ratio is currently 42.67%.
In related news, Director Basswood Capital Management, L sold 1,203 shares of Dime Community Bancshares in a trade on Tuesday December 7th. The stock was sold at an average price of $34.94, for a total value of $42,032.82. The sale was disclosed in a legal filing with the SEC, accessible via this hyperlink. Also, insider Christopher J. Porzelt sold 1,470 shares of Dime Community Bancshares in a trade on Thursday, December 2. The shares were sold at an average price of $35.11, for a total value of $51,611.70. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 76,479 shares of the company valued at $2,540,247. Insiders of the company hold 16.40% of the shares of the company.
Institutional investors and hedge funds have recently changed their stakes in the company. Nisa Investment Advisors LLC acquired a new position in shares of Dime Community Bancshares during the fourth quarter worth approximately $31,000. Point72 Hong Kong Ltd acquired a new equity position in Dime Community Bancshares during the third quarter worth approximately $41,000. Advisor Group Holdings Inc. increased its stake in Dime Community Bancshares shares by 130.6% during the third quarter. Advisor Group Holdings Inc. now owns 2,022 shares of the savings and loan company worth $66,000 after buying 1,145 additional shares in the last quarter. Captrust Financial Advisors increased its stake in shares of Dime Community Bancshares by 303.0% during the third quarter. Captrust Financial Advisors now owns 3,619 shares of the savings and loan company worth $118,000 after buying 2,721 additional shares in the last quarter. Finally, Spire Wealth Management acquired a new position in shares of Dime Community Bancshares during the fourth quarter worth approximately $139,000. Institutional investors hold 71.75% of the company’s shares.
About Dime Community Bancshares
The largest community bank headquartered in Brooklyn, New York, was established on April 19, 1864. The bank specializes in commercial mortgage financing in the New York metropolitan area and serves depositors through 24 full-service branches in Brooklyn, Queens, Nassau and the Bronx.
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