Dime Community Bancshares Inc reports results for the quarter ended in December - Earnings Summary

Dime Commercial Bancshares

26/01/2024 14:32

* Dime Community Bancshares Inc  DCOM.OQ  reported quarterly
adjusted earnings of 39 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 99 cents.  The mean expectation of
five analysts for the quarter was for earnings of 47 cents per
share. Wall Street expected results to range from 44 cents to 49
cents per share.
    * Revenue fell 30.3% to $74.12 million from a year ago;
analysts
expected $73.80 million. 
    * Dime Community Bancshares Inc's reported EPS for the
quarter was
37 cents​.
    * The company reported quarterly net income of $14.49
million.
    * Dime Community Bancshares Inc shares had fallen by 6.9%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for Dime Community
Bancshares Inc is $30.00 
This summary was machine generated from LSEG data January 26 at
02:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.47           0.39           Missed
 Sep. 30 2023      0.54           0.34           Missed
 Jun. 30 2023      0.60           0.68           Beat
 Mar. 31 2023      0.82           0.92           Beat