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DCOM

Dime Community Bancshares NasdaqGS:DCOM Stock Report

Last Price

US$30.90

Market Cap

US$1.2b

7D

-0.6%

1Y

-2.2%

Updated

23 Sep, 2022

Data

Company Financials +
DCOM fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends5/6

DCOM Stock Overview

Dime Community Bancshares, Inc. operates as the holding company for Dime Community Bank that provides various commercial banking and financial services.

Dime Community Bancshares Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Dime Community Bancshares
Historical stock prices
Current Share PriceUS$30.90
52 Week HighUS$38.35
52 Week LowUS$28.36
Beta1.08
1 Month Change-5.88%
3 Month Change2.76%
1 Year Change-2.18%
3 Year Change-7.09%
5 Year Change-6.87%
Change since IPO478.19%

Recent News & Updates

Sep 21

Dime Community Bancshares declares $0.24 dividend

Dime Community Bancshares (NASDAQ:DCOM) declares $0.24/share quarterly dividend, in line with previous. Forward yield 3.03% Payable Oct. 24; for shareholders of record Oct. 17; ex-div Oct. 14. See DCOM Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

DCOMUS BanksUS Market
7D-0.6%-5.8%-5.2%
1Y-2.2%-21.7%-23.1%

Return vs Industry: DCOM exceeded the US Banks industry which returned -19.4% over the past year.

Return vs Market: DCOM exceeded the US Market which returned -21.6% over the past year.

Price Volatility

Is DCOM's price volatile compared to industry and market?
DCOM volatility
DCOM Average Weekly Movement3.3%
Banks Industry Average Movement3.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.8%

Stable Share Price: DCOM is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: DCOM's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1910802Kevin O'Connorhttps://www.dime.com

Dime Community Bancshares, Inc. operates as the holding company for Dime Community Bank that provides various commercial banking and financial services. It accepts time, savings, and demand deposits from the businesses, consumers, and local municipalities. The company also offers commercial real estate loans; multi-family mortgage loans; residential mortgage loans; secured and unsecured commercial and consumer loans; home equity loans; and construction and land loans.

Dime Community Bancshares Fundamentals Summary

How do Dime Community Bancshares's earnings and revenue compare to its market cap?
DCOM fundamental statistics
Market CapUS$1.19b
Earnings (TTM)US$137.74m
Revenue (TTM)US$398.73m

8.7x

P/E Ratio

1.2x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DCOM income statement (TTM)
RevenueUS$398.73m
Cost of RevenueUS$0
Gross ProfitUS$398.73m
Other ExpensesUS$260.99m
EarningsUS$137.74m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.57
Gross Margin100.00%
Net Profit Margin34.54%
Debt/Equity Ratio34.7%

How did DCOM perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

28%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is DCOM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DCOM?

Other financial metrics that can be useful for relative valuation.

DCOM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio2.1x

Price to Earnings Ratio vs Peers

How does DCOM's PE Ratio compare to its peers?

DCOM PE Ratio vs Peers
The above table shows the PE ratio for DCOM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average6.5x
CUBI Customers Bancorp
2.9x-10.8%US$989.9m
LOB Live Oak Bancshares
7.2x-18.0%US$1.4b
OFG OFG Bancorp
8.1x3.8%US$1.2b
MCHB Mechanics Bank
7.8xn/aUS$1.6b
DCOM Dime Community Bancshares
8.7x4.2%US$1.2b

Price-To-Earnings vs Peers: DCOM is expensive based on its Price-To-Earnings Ratio (8.7x) compared to the peer average (6.5x).


Price to Earnings Ratio vs Industry

How does DCOM's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: DCOM is good value based on its Price-To-Earnings Ratio (8.7x) compared to the US Banks industry average (9.8x)


Price to Earnings Ratio vs Fair Ratio

What is DCOM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DCOM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.7x
Fair PE Ratio12.1x

Price-To-Earnings vs Fair Ratio: DCOM is good value based on its Price-To-Earnings Ratio (8.7x) compared to the estimated Fair Price-To-Earnings Ratio (12.1x).


Share Price vs Fair Value

What is the Fair Price of DCOM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DCOM ($30.9) is trading below our estimate of fair value ($39.9)

Significantly Below Fair Value: DCOM is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Dime Community Bancshares forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


4.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DCOM's forecast earnings growth (4.2% per year) is above the savings rate (1.9%).

Earnings vs Market: DCOM's earnings (4.2% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: DCOM's earnings are forecast to grow, but not significantly.

Revenue vs Market: DCOM's revenue (5.2% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: DCOM's revenue (5.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DCOM's Return on Equity is forecast to be low in 3 years time (12%).


Discover growth companies

Past Performance

How has Dime Community Bancshares performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


19.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DCOM has high quality earnings.

Growing Profit Margin: DCOM's current net profit margins (34.5%) are higher than last year (15.1%).


Past Earnings Growth Analysis

Earnings Trend: DCOM's earnings have grown by 19.3% per year over the past 5 years.

Accelerating Growth: DCOM's earnings growth over the past year (215.9%) exceeds its 5-year average (19.3% per year).

Earnings vs Industry: DCOM earnings growth over the past year (215.9%) exceeded the Banks industry 8.6%.


Return on Equity

High ROE: DCOM's Return on Equity (12.9%) is considered low.


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Financial Health

How is Dime Community Bancshares's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: DCOM's Assets to Equity ratio (10.8x) is moderate.

Allowance for Bad Loans: DCOM has a sufficient allowance for bad loans (219%).

Low Risk Liabilities: 94% of DCOM's liabilities are made up of primarily low risk sources of funding.

Loan Level: DCOM has an appropriate level of Loans to Assets ratio (78%).

Low Risk Deposits: DCOM's Loans to Deposits ratio (91%) is appropriate.

Level of Bad Loans: DCOM has an appropriate level of bad loans (0.4%).


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Dividend

What is Dime Community Bancshares's current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.11%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: DCOM's dividend (3.11%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: DCOM's dividend (3.11%) is low compared to the top 25% of dividend payers in the US market (4.45%).


Stability and Growth of Payments

Stable Dividend: DCOM's dividends per share have been stable in the past 10 years.

Growing Dividend: DCOM's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (27.6%), DCOM's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: DCOM's dividends in 3 years are forecast to be well covered by earnings (24.1% payout ratio).


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Kevin O'Connor (59 yo)

1.58yrs

Tenure

US$9,674,312

Compensation

Mr. Kevin M. O’Connor serves as Chief Executive Officer at Dime Community Bancshares, Inc. and Dime Community Bank since February 1, 2021. He served as President and CEO at Bridge Bancorp, Inc. since Janua...


CEO Compensation Analysis

Compensation vs Market: Kevin's total compensation ($USD9.67M) is above average for companies of similar size in the US market ($USD4.08M).

Compensation vs Earnings: Insufficient data to compare Kevin's compensation with company performance.


Leadership Team

Experienced Management: DCOM's management team is considered experienced (3.6 years average tenure).


Board Members

Experienced Board: DCOM's board of directors are seasoned and experienced ( 15.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: DCOM insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

NasdaqGS:DCOM Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
29 Aug 22SellUS$100,750Christopher PorzeltIndividual3,100US$32.50
24 Aug 22SellUS$5,124,685Basswood Capital Management, L.L.C.Company158,407US$32.88
22 Aug 22SellUS$2,154,042Basswood Capital Management, L.L.C.Company63,376US$34.54
22 Aug 22SellUS$250,127Joseph PerryIndividual7,559US$33.09
17 Aug 22SellUS$2,226,750Basswood Capital Management, L.L.C.Company63,423US$35.22
15 Aug 22SellUS$1,051,800Kenneth MahonIndividual30,000US$35.06
12 Aug 22SellUS$865,000Kenneth MahonIndividual25,000US$34.60
11 Aug 22SellUS$688,200Kenneth MahonIndividual20,000US$34.41
04 Aug 22SellUS$279,620Basswood Capital Management, L.L.C.Company8,397US$33.30
03 Aug 22SellUS$2,336,860Basswood Capital Management, L.L.C.Company69,000US$34.04
02 Aug 22BuyUS$61,459Raymond NielsenIndividual1,798US$34.22
08 Jun 22SellUS$800,179Basswood Capital Management, L.L.C.Company26,201US$30.54
07 Jun 22SellUS$2,661,955Basswood Capital Management, L.L.C.Company85,094US$31.44
19 May 22SellUS$289,300Basswood Capital Management, L.L.C.Company10,000US$28.93
18 May 22SellUS$5,672,700Basswood Capital Management, L.L.C.Company187,100US$30.67
12 May 22SellUS$2,888,113Basswood Capital Management, L.L.C.Company94,130US$31.07
28 Feb 22SellUS$382,166Basswood Capital Management, L.L.C.Company11,270US$33.91
14 Feb 22SellUS$182,444Basswood Capital Management, L.L.C.Company5,366US$34.00
31 Dec 21BuyUS$12,996Christopher PorzeltIndividual389US$33.41
13 Dec 21SellUS$3,040,343Basswood Capital Management, L.L.C.Company91,527US$33.92
08 Dec 21SellUS$452,057Basswood Capital Management, L.L.C.Company13,171US$34.94
02 Dec 21SellUS$51,612Christopher PorzeltIndividual1,470US$35.11

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 66.77% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
13.9%
BlackRock, Inc.
5,366,727$165.8m-0.75%no data
8.33%
T. Rowe Price Group, Inc.
3,214,786$99.3m0.32%0.01%
6.4%
Dimensional Fund Advisors LP
2,470,616$76.3m1.03%0.02%
5.98%
Basswood Capital Management, L.L.C.
2,307,095$71.3m-22.96%4.48%
5.88%
The Vanguard Group, Inc.
2,267,887$70.1m4.63%no data
3.76%
State Street Global Advisors, Inc.
1,452,603$44.9m-1.64%no data
3.19%
William Blair Investment Management, LLC
1,231,431$38.1m-2.59%0.07%
2.04%
Brown Advisory Incorporated
785,550$24.3m229.71%0.04%
1.84%
Systematic Financial Management LP
710,521$22.0m1.25%0.7%
1.58%
Geode Capital Management, LLC
610,654$18.9m-2.5%no data
1.53%
Vincent Palagiano
592,230$18.3m0.28%no data
1.51%
Polaris Capital Management, LLC
583,080$18.0m-1.98%0.23%
1.14%
Michael Devine
441,837$13.7m0.38%no data
1.08%
BNY Mellon Asset Management
416,430$12.9m-4.79%no data
1.05%
Invesco Capital Management LLC
404,797$12.5m368.66%0.01%
1.03%
Northern Trust Global Investments
396,900$12.3m-1.88%no data
0.94%
LSV Asset Management
363,029$11.2m-0.14%0.02%
0.84%
Ulysses Management LLC
325,027$10.0m3.17%2.7%
0.79%
Matthew Lindenbaum
306,253$9.5m2.32%no data
0.71%
Kenneth Mahon
273,874$8.5m-21.49%no data
0.69%
Kevin O'Connor
267,728$8.3m0%no data
0.67%
Columbia Management Investment Advisers, LLC
257,127$7.9m-2.26%no data
0.66%
Stuart Lubow
254,278$7.9m-0.28%no data
0.63%
Renaissance Technologies LLC
241,265$7.5m-13.7%0.01%
0.6%
Charles Schwab Investment Management, Inc.
231,499$7.2m-3.18%no data

Company Information

Dime Community Bancshares, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Dime Community Bancshares, Inc.
  • Ticker: DCOM
  • Exchange: NasdaqGS
  • Founded: 1910
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$1.193b
  • Shares outstanding: 38.60m
  • Website: https://www.dime.com

Number of Employees


Location

  • Dime Community Bancshares, Inc.
  • 898 Veterans Memorial Highway
  • Suite 560
  • Hauppauge
  • New York
  • 11788
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DCOMNasdaqGS (Nasdaq Global Select)YesNew Common StockUSUSDJun 1996
DCOM.PNasdaqGS (Nasdaq Global Select)5.5% NCUM PFD AUSUSDFeb 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/23 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.