Dime Community Bancshares Q2 2024 Adj EPS $0.37 Misses $0.38 Estimate, Sales $87.310M Beat $73.449M Estimate

7/23/24 7:32:52 AM ET

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Dime Community Bancshares (NASDAQ:DCOM) reported quarterly earnings of $0.37 per share which missed the analyst consensus estimate of $0.38 by 2.63 percent. This is a 45.59 percent decrease over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $87.310 million which beat the analyst consensus estimate of $73.449 million by 18.87 percent. This is a 3.66 percent decrease over sales of $90.624 million the same period last year.

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Recent Analyst Ratings for
$DCOM

Date	Price Target	Rating	Analyst
11/18/2024	$39.00	Equal-Weight → Overweight	Stephens
9/17/2024	$29.00 → $35.00	Outperform → Strong Buy	Raymond James
7/23/2024	$23.00 → $26.00	Overweight → Neutral	Piper Sandler
1/11/2023	$38.00	Outperform	Raymond James
7/7/2022	$41.00 → $34.00	Strong Buy → Outperform	Raymond James
5/16/2022	$36.00 → $34.50	Overweight → Equal-Weight	Stephens
1/10/2022	$44.00	Outperform	Keefe Bruyette

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$DCOM
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Dime Community Bancshares Announces Closing of Common Stock Offering
HAUPPAUGE, N.Y., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ:DCOM) ("Dime" or the "Company"), the parent company of Dime Community Bank, announced the closing of its public offering of 4,492,187 shares of its common stock, $0.01 par value (the "Common Stock"), at a public offering price of $32.00 per share, which included 585,937 shares issued upon the exercise in full by the underwriters of their option to purchase additional shares of common stock. The total gross proceeds from the offering were approximately $144 million. The Company received net proceeds from the offering of approximately $136 million, after deducting underwriting discounts and before dedu
11/13/24 1:31:39 PM ET
$DCOM
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Dime Community Bancshares Announces Pricing of Common Stock Offering
HAUPPAUGE, N.Y., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ:DCOM) ("Dime" or the "Company"), the parent company of Dime Community Bank, announced the pricing of a public offering of 3,906,250 shares of its common stock, $0.01 par value (the "Common Stock"), at a public offering price of $32.00 per share, for aggregate gross proceeds of $125 million. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 585,937 shares of Common Stock at the public offering price, less underwriting discounts and commissions. The Company expects to close the offering, subject to customary conditions, on or about November 13, 2024.
11/12/24 8:17:46 AM ET
$DCOM
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Dime Community Bancshares Declares Quarterly Cash Dividend for Series A Preferred Stock
HAUPPAUGE, N.Y., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ:DCOM, DCOMP and DCOMG))) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.34375 per share on the Company's 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on November 15, 2024 to holders of record as of November 8, 2024. ABOUT DIME COMMUNITY BANCSHARES, INC. Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $13.7 billion in assets and the number one deposit market share among community banks on Greater Long Island (1). Dime Community Bancshares
10/24/24 4:30:00 PM ET
$DCOM
Major Banks
Finance

Dime Community Bancshares Declares Quarterly Cash Dividend for Series A Preferred Stock
HAUPPAUGE, N.Y., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ:DCOM, DCOMP and DCOMG))) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.34375 per share on the Company's 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, payable on November 15, 2024 to holders of record as of November 8, 2024. ABOUT DIME COMMUNITY BANCSHARES, INC. Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $13.7 billion in assets and the number one deposit market share among community banks on Greater Long Island (1). Dime Community Bancshares
10/24/24 4:30:00 PM ET
$DCOM
Major Banks
Finance
Dime Community Bancshares, Inc. Reports Third Quarter 2024 Results
Acceleration in Core Deposit Growth Drives Increase in Quarterly Net Interest Margin to 2.50% Balance Sheet Well Positioned to Benefit From Federal Reserve Rate Cuts HAUPPAUGE, N.Y., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ:DCOM) (the "Company" or "Dime"), the parent company of Dime Community Bank (the "Bank"), today reported net income available to common stockholders of $11.5 million for the quarter ended September 30, 2024, or $0.29 per diluted common share, compared to $16.7 million, or $0.43 per diluted common share, for the quarter ended June 30, 2024, and $13.2 million, or $0.34 per diluted common share for the quarter ended September 30, 2023. St
10/22/24 7:30:00 AM ET
$DCOM
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Dime Community Bancshares to Release Earnings on October 22, 2024
HAUPPAUGE, N.Y., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ:DCOM) (the "Company") today announced that the Company expects to release its earnings for the quarter ended September 30, 2024 before the open of the U.S. equity markets on Tuesday, October 22, 2024. The Company will conduct a conference call at 9:00 a.m. (ET) on Tuesday, October 22, 2024, during which President and Chief Executive Officer ("CEO"), Stuart Lubow, will discuss the Company's third quarter financial performance. There will be a question-and-answer period after the CEO remarks. Participants may access the conference call via webcast using this link: Webcast Link Here. To participate via
10/4/24 4:30:00 PM ET
$DCOM
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Dime Announces Expansion in Williamsburg With Deposit-Focused Group
HAUPPAUGE, N.Y., May 06, 2024 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ:DCOM) (the "Company" or "Dime"), the parent company of Dime Community Bank (the "Bank"), announced that it has hired a deposit-focused Group that will cover the Williamsburg market. The Group will be led by John McDonough and Emanuel "Manny" Diconimakis. The Group was previously employed with the former Signature Bank and its successor, Flagstar Bank. Stuart H. Lubow, President and Chief Executive Officer of Dime said, "We are excited to announce the addition of another talented deposit-focused Group in the strategically important market of Brooklyn. Dime, which was founded in Williamsburg in 1864, h
5/6/24 7:30:00 AM ET
$DCOM
Major Banks
Finance
Dime Community Bancshares Inc. Announces Retirement of Marcia Z. Hefter from Board of Directors
HAUPPAUGE, N.Y., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ:DCOM) (the "Company" or "Dime"), the parent company of Dime Community Bank (the "Bank") announced today that Marcia Z. Hefter is retiring from the Board of Directors, effective September 28, 2023. Ms. Hefter began her career with the Company and the Bank as a Director of Bridgehampton National Bank (predecessor of BNB Bank) in 1989 and served as the Board Chairwoman from 2008 to 2021. Ms. Hefter's background as a lawyer and long-standing service as a director provided the Board of Directors with a unique perspective and counsel in its oversight of the Company. Following the closing of the Company's
9/28/23 5:00:00 PM ET
$DCOM
Major Banks
Finance
Dime Community Bancshares Inc. Appoints Judith H. Germano to its Board of Directors
HAUPPAUGE, N.Y., Sept. 28, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (NASDAQ:DCOM) (the "Company" or "Dime"), the parent company of Dime Community Bank (the "Bank") announced the appointment of Judith H. Germano to the Board of Directors effective as of September 28, 2023. Ms. Germano will fill the position vacated by the retirement of Marcia Z. Hefter. Kenneth J. Mahon, Executive Chairman of Dime, said "Judith has extensive and valuable experience in cybersecurity, data privacy, compliance and risk management. Given her skill set and experience, we are excited to have her join our Board." Ms. Germano is Founder and Lead Counsel at GermanoLaw LLC, a boutique law firm she f
9/28/23 5:00:00 PM ET
$DCOM
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Dime Community Bancshares Q2 2024 Adj EPS $0.37 Misses $0.38 Estimate, Sales $87.310M Beat $73.449M Estimate

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Recent Analyst Ratings for $DCOM

$DCOM Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Director-by-Deputization Basswood Capital Management, L.L.C. bought $928,000 worth of shares (29,000 units at $32.00) (SEC Form 4)

Basswood Capital Management, L.L.C. bought $622,564 worth of shares (27,068 units at $23.00), disposed of $1,635,101 worth of shares (66,038 units at $24.76), acquired $1,635,101 worth of shares (66,038 units at $24.76) and sold $622,023 worth of shares (27,068 units at $22.98) (SEC Form 4)

$DCOM Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director-by-Deputization Basswood Capital Management, L.L.C. bought $928,000 worth of shares (29,000 units at $32.00) (SEC Form 4)

Director-by-Deputization Basswood Capital Management, L.L.C. was granted 620 shares (SEC Form 4)

Director Perry Joseph was granted 119 shares, increasing direct ownership by 0.22% to 53,750 units (SEC Form 4)

$DCOM Market Insights

Live Market Insights

Keefe, Bruyette & Woods Maintains Outperform on Dime Community Bancshares, Raises Price Target to $28

Piper Sandler Downgrades Dime Community Bancshares to Neutral, Raises Price Target to $26