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

Dime Commercial Bancshares

23/07/2024 14:51

* Dime Community Bancshares Inc  DCOM.OQ  reported quarterly
adjusted earnings of 37 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of 68 cents.  The mean expectation of five analysts
for the quarter was for earnings of 38 cents per share. Wall
Street expected results to range from 31 cents to 45 cents per
share.
    * Revenue fell 5.9% to $75.50 million from a year ago;
analysts
expected $73.45 million. 
    * Dime Community Bancshares Inc's reported EPS for the
quarter was
43 cents​.
    * The company reported quarterly net income of $16.66
million.
    * Dime Community Bancshares Inc shares had risen by 16.9%
this
quarter and lost 11.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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 $25.50 
This summary was machine generated from LSEG data July 23 at
01:51 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
 Jun. 30 2024      0.38           0.37           Missed
 Mar. 31 2024      0.37           0.42           Beat
 Dec. 31 2023      0.47           0.39           Missed
 Sep. 30 2023      0.54           0.34           Missed