Dime Community Bancshares (NASDAQ:DCOM – Get Free Report) released its quarterly earnings data on Tuesday. The savings and loans company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01, Zacks reports. Dime Community Bancshares had a net margin of 9.98% and a return on equity of 6.62%. The business had revenue of $171.23 million during the quarter, compared to analyst estimates of $82.19 million. During the same quarter last year, the business earned $0.68 earnings per share.
Dime Community Bancshares Stock Performance
DCOM stock traded up $0.92 during trading on Thursday, reaching $24.87. The company had a trading volume of 481,003 shares, compared to its average volume of 232,286. The firm has a 50-day simple moving average of $19.92 and a 200-day simple moving average of $20.04. The company has a market cap of $969.18 million, a price-to-earnings ratio of 13.46 and a beta of 1.01. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.02 and a current ratio of 1.02. Dime Community Bancshares has a twelve month low of $17.29 and a twelve month high of $27.91.
Dime Community Bancshares Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 24th. Stockholders of record on Wednesday, July 17th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend was Wednesday, July 17th. Dime Community Bancshares’s payout ratio is currently 56.18%.
Analysts Set New Price Targets
Dime Community Bancshares Company Profile
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.
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