$0.33 EPS Expected for Dime Community Bancshares, Inc. (DCOM) This Quarter

Wall Street analysts expect Dime Community Bancshares, Inc. (NASDAQ:DCOM) to report $0.33 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have issued estimates for Dime Community Bancshares’ earnings. Dime Community Bancshares reported earnings of $0.29 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.8%. The business is expected to report its next quarterly earnings results after the market closes on Thursday, October 26th.

According to Zacks, analysts expect that Dime Community Bancshares will report full-year earnings of $1.29 per share for the current financial year. For the next fiscal year, analysts expect that the firm will report earnings of $1.48 per share. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Dime Community Bancshares.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings results on Thursday, July 27th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Dime Community Bancshares had a net margin of 16.23% and a return on equity of 8.04%. The company had revenue of $39.80 million during the quarter.

A number of brokerages recently weighed in on DCOM. Keefe, Bruyette & Woods restated a “hold” rating and set a $23.00 price objective on shares of Dime Community Bancshares in a research report on Tuesday, October 3rd. ValuEngine upgraded shares of Dime Community Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. BidaskClub downgraded shares of Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Barclays PLC restated an “underweight” rating and set a $20.00 price objective (up previously from $19.00) on shares of Dime Community Bancshares in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Dime Community Bancshares has a consensus rating of “Hold” and an average target price of $21.83.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DCOM. Dimensional Fund Advisors LP raised its position in Dime Community Bancshares by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,799,743 shares of the savings and loans company’s stock worth $54,875,000 after acquiring an additional 208,581 shares during the period. LSV Asset Management raised its position in Dime Community Bancshares by 17.5% in the second quarter. LSV Asset Management now owns 1,067,443 shares of the savings and loans company’s stock worth $20,921,000 after acquiring an additional 159,121 shares during the period. Citadel Advisors LLC raised its position in Dime Community Bancshares by 272.9% in the second quarter. Citadel Advisors LLC now owns 125,495 shares of the savings and loans company’s stock worth $2,460,000 after acquiring an additional 91,842 shares during the period. ClariVest Asset Management LLC raised its position in Dime Community Bancshares by 27.2% in the second quarter. ClariVest Asset Management LLC now owns 358,217 shares of the savings and loans company’s stock worth $7,021,000 after acquiring an additional 76,700 shares during the period. Finally, State Street Corp raised its position in Dime Community Bancshares by 9.6% in the first quarter. State Street Corp now owns 831,409 shares of the savings and loans company’s stock worth $16,877,000 after acquiring an additional 72,853 shares during the period. Institutional investors and hedge funds own 68.00% of the company’s stock.

Shares of Dime Community Bancshares (NASDAQ:DCOM) traded up 0.68% during midday trading on Thursday, hitting $22.10. 133,701 shares of the stock traded hands. The firm has a market capitalization of $827.56 million, a PE ratio of 24.18 and a beta of 0.82. The company’s 50-day moving average is $19.90 and its 200 day moving average is $19.93. Dime Community Bancshares has a 52 week low of $16.10 and a 52 week high of $22.48.

ILLEGAL ACTIVITY NOTICE: “$0.33 EPS Expected for Dime Community Bancshares, Inc. (DCOM) This Quarter” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/10/0-33-eps-expected-for-dime-community-bancshares-inc-dcom-this-quarter.html.

Dime Community Bancshares Company Profile

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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According to Zacks, analysts expect that Dime Community Bancshares will report full-year earnings of $1.29 per share for the current financial year. For the next fiscal year, analysts expect that the firm will report earnings of $1.48 per share. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow Dime Community Bancshares.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings results on Thursday, July 27th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Dime Community Bancshares had a net margin of 16.23% and a return on equity of 8.04%. The company had revenue of $39.80 million during the quarter.

A number of brokerages recently weighed in on DCOM. Keefe, Bruyette & Woods restated a “hold” rating and set a $23.00 price objective on shares of Dime Community Bancshares in a research report on Tuesday, October 3rd. ValuEngine upgraded shares of Dime Community Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. BidaskClub downgraded shares of Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Barclays PLC restated an “underweight” rating and set a $20.00 price objective (up previously from $19.00) on shares of Dime Community Bancshares in a research report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Dime Community Bancshares has a consensus rating of “Hold” and an average target price of $21.83.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DCOM. Dimensional Fund Advisors LP raised its position in Dime Community Bancshares by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,799,743 shares of the savings and loans company’s stock worth $54,875,000 after acquiring an additional 208,581 shares during the period. LSV Asset Management raised its position in Dime Community Bancshares by 17.5% in the second quarter. LSV Asset Management now owns 1,067,443 shares of the savings and loans company’s stock worth $20,921,000 after acquiring an additional 159,121 shares during the period. Citadel Advisors LLC raised its position in Dime Community Bancshares by 272.9% in the second quarter. Citadel Advisors LLC now owns 125,495 shares of the savings and loans company’s stock worth $2,460,000 after acquiring an additional 91,842 shares during the period. ClariVest Asset Management LLC raised its position in Dime Community Bancshares by 27.2% in the second quarter. ClariVest Asset Management LLC now owns 358,217 shares of the savings and loans company’s stock worth $7,021,000 after acquiring an additional 76,700 shares during the period. Finally, State Street Corp raised its position in Dime Community Bancshares by 9.6% in the first quarter. State Street Corp now owns 831,409 shares of the savings and loans company’s stock worth $16,877,000 after acquiring an additional 72,853 shares during the period. Institutional investors and hedge funds own 68.00% of the company’s stock.

Shares of Dime Community Bancshares (NASDAQ:DCOM) traded up 0.68% during midday trading on Thursday, hitting $22.10. 133,701 shares of the stock traded hands. The firm has a market capitalization of $827.56 million, a PE ratio of 24.18 and a beta of 0.82. The company’s 50-day moving average is $19.90 and its 200 day moving average is $19.93. Dime Community Bancshares has a 52 week low of $16.10 and a 52 week high of $22.48.

ILLEGAL ACTIVITY NOTICE: “$0.33 EPS Expected for Dime Community Bancshares, Inc. (DCOM) This Quarter” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was illegally copied and republished in violation of international copyright and trademark laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/10/0-33-eps-expected-for-dime-community-bancshares-inc-dcom-this-quarter.html.

Dime Community Bancshares Company Profile

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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