Dime Community Bancshares Inc reports results for the quarter ended in September 30 - Earnings Summary

Dime Commercial Bancshares

22/10/2024 14:38

* Dime Community Bancshares Inc  DCOM.OQ  reported quarterly
adjusted earnings of 29 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 34 cents.  The mean expectation of
five analysts for the quarter was for earnings of 41 cents per
share. Wall Street expected results to range from 39 cents to 46
cents per share.
    * Revenue rose 4.5% to $79.92 million from a year ago;
analysts
expected $78.15 million. 
    * Dime Community Bancshares Inc's reported EPS for the
quarter was
29 cents​.
    * The company reported quarterly net income of $11.51
million.
    * Dime Community Bancshares Inc shares had risen by 1.4%
this
quarter and gained 8.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"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 31.00 
This summary was machine generated from LSEG data October 22 at
01:38 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
 Sep. 30 2024      0.41           0.29           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