Dime Community Bancshares, Inc. (NASDAQ:DCOM) is reporting third quarter earnings results on Tuesday 27th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.32 per share.
For the full year, analysts predict revenues of $ 178.50 million, while looking forward to income of $ 1.24 per share.
Previous Quarter Performance
Dime Community Bancshares, Inc. came out with income for the second quarter of $ 0.39 per share, from the revenue of $ 51.94 million. The quarterly earnings swell 8.33 percent while revenues boosted 43.32 percent compared with the same quarter last year.
Wall street analysts are predicting, DCOM to report 2Q20 income of $ 0.26 per share from revenue of $ 42.43 million. The bottom line results beat street analysts by $ 0.13 or 50.00 percent, at the same time, top line results outshined analysts by $ 9.51 million or 22.41 percent.
Stock Performance
Shares of Dime Community Bancshares, Inc. traded up $ 0.22 or 1.70 percent on Friday, reaching $ 13.15 with volume of 59.00 thousand shares. Dime Community Bancshares, Inc. has traded high as $ 13.25 and has cracked $ 12.97 on the downward trend
According to the previous trading day, closing price of $ 13.15, representing a 22.10 % increase from the 52 week low of $ 10.59 and a 40.36 % decrease over the 52 week high of $ 21.68.
The company has a market capital of $ 434.61 million and is part of the Financial Services sector and Savings & Cooperative Banks industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.14 per share on July 23, 2020. The dividend were payable on August 13, 2020 to holders of record as of the close of business on August 6, 2020 and ex-dividend date on August 5, 2020.
Dime Community Bancshares, Inc. operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. It offers deposit products, such as savings, money market, and interest bearing and non-interest bearing checking accounts, as well as certificates of deposit.
