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

Dime Commercial Bancshares

23/04/2024 16:02

* Dime Community Bancshares Inc  DCOM.OQ  reported quarterly
adjusted earnings of 42 cents​​ per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of 92 cents.  The mean expectation of
five analysts for the quarter was for earnings of 37 cents per
share. Wall Street expected results to range from 28 cents to 42
cents per share.
    * Revenue fell 16.6% to $71.53 million from a year ago;
analysts
expected $72.43 million. 
    * Dime Community Bancshares Inc's reported EPS for the
quarter was
41 cents​.
    * The company reported quarterly net income of $15.87
million.
    * Dime Community Bancshares Inc shares had fallen by 1.0%
this
quarter and lost 29.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 18%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
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 April 23 at
03:02 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
 Mar. 31 2024      0.37           0.42           Beat
 Dec. 31 2023      0.47           0.39           Missed
 Sep. 30 2023      0.54           0.34           Missed
 Jun. 30 2023      0.60           0.68           Beat