Dime Community Bancshares (DCOM) Set to Announce Earnings on Tuesday

Dime Community Bancshares (NASDAQ:DCOM) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, July 23rd. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings results on Tuesday, April 23rd. The savings and loans company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. Dime Community Bancshares had a net margin of 11.46% and a return on equity of 7.76%. The business had revenue of $82.00 million for the quarter, compared to analysts’ expectations of $80.15 million. On average, analysts expect Dime Community Bancshares to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Dime Community Bancshares Price Performance

DCOM opened at $23.88 on Monday. Dime Community Bancshares has a one year low of $17.29 and a one year high of $27.91. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.02 and a quick ratio of 1.02. The company’s 50 day simple moving average is $19.65 and its 200-day simple moving average is $20.03. The stock has a market capitalization of $930.60 million, a P/E ratio of 13.42 and a beta of 1.01.

Dime Community Bancshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, July 17th. This represents a $1.00 annualized dividend and a dividend yield of 4.19%. Dime Community Bancshares’s dividend payout ratio (DPR) is currently 56.18%.

Analyst Upgrades and Downgrades

DCOM has been the topic of several research analyst reports. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $25.50 price target on shares of Dime Community Bancshares in a research note on Friday, June 28th. StockNews.com raised shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, May 13th.

About Dime Community Bancshares

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that engages in the provision of various commercial banking and financial services. The company accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. It also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; letters of credit; secured and unsecured commercial and consumer loans; lines of credit; home equity loans; and construction and land loans.