Dime Community Bancshares (NASDAQ:DCOM – Get Free Report) issued its quarterly earnings data on Tuesday. The savings and loans company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.12), Yahoo Finance reports. Dime Community Bancshares had a return on equity of 6.58% and a net margin of 9.98%. The company had revenue of $171.87 million during the quarter, compared to analyst estimates of $86.65 million. During the same quarter in the prior year, the company posted $0.56 earnings per share.
Dime Community Bancshares Stock Up 0.9 %
NASDAQ:DCOM traded up $0.26 during midday trading on Wednesday, reaching $29.43. The company had a trading volume of 29,498 shares, compared to its average volume of 221,791. Dime Community Bancshares has a 12-month low of $17.29 and a 12-month high of $31.75. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 16.53 and a beta of 1.00. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.79. The stock’s fifty day simple moving average is $26.84 and its 200-day simple moving average is $22.53.
Dime Community Bancshares Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Thursday, October 17th. Dime Community Bancshares’s payout ratio is currently 56.18%.
Analyst Ratings Changes
Check Out Our Latest Stock Report on DCOM
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.
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