Dime Community Bancshares
Market Cap
US$686.2m
Last Updated
2020/02/16 23:34 UTC
Data Sources
Company Financials +
Executive Summary
Dime Community Bancshares, Inc. operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York.
Rewards
Risk Analysis
No risks detected for DCOM from our risk checks.
Snowflake Analysis
Flawless balance sheet with reasonable growth potential and pays a dividend.
Similar Companies
Share Price & News
How has Dime Community Bancshares's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DCOM has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-1.8%
DCOM
0.5%
US Banks
1.5%
US Market
1 Year Return
-2.8%
DCOM
12.1%
US Banks
20.1%
US Market
Return vs Industry: DCOM underperformed the US Banks industry which returned 12.1% over the past year.
Return vs Market: DCOM underperformed the US Market which returned 20.1% over the past year.
Shareholder returns
| DCOM | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.8% | 0.5% | 1.5% |
| 30 Day | -3.1% | -1.3% | 1.4% |
| 90 Day | -2.4% | 1.2% | 8.7% |
| 1 Year | 0.01%-2.8% | 15.4%12.1% | 22.7%20.1% |
| 3 Year | -1.9%-10.0% | 25.2%16.2% | 50.1%40.5% |
| 5 Year | 44.7%24.3% | 75.9%55.9% | 73.1%54.1% |
Price Volatility Vs. Market
How volatile is Dime Community Bancshares's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Why It Might Not Make Sense To Buy Dime Community Bancshares, Inc. (NASDAQ:DCOM) For Its Upcoming Dividend2 weeks ago | Simply Wall St
Should You Be Tempted To Sell Dime Community Bancshares, Inc. (NASDAQ:DCOM) Because Of Its P/E Ratio?1 month ago | Simply Wall St
Did You Miss Dime Community Bancshares's (NASDAQ:DCOM) 32% Share Price Gain?Valuation
Is Dime Community Bancshares undervalued compared to its fair value and its price relative to the market?
19.33x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DCOM ($19.52) is trading above our estimate of fair value ($17.85)
Significantly Below Fair Value: DCOM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DCOM is poor value based on its PE Ratio (19.3x) compared to the Banks industry average (12.6x).
PE vs Market: DCOM is poor value based on its PE Ratio (19.3x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: DCOM is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: DCOM is good value based on its PB Ratio (1.1x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Dime Community Bancshares forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
21.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DCOM's forecast earnings growth (21.4% per year) is above the savings rate (1.7%).
Earnings vs Market: DCOM's earnings (21.4% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DCOM's revenue (12.6% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: DCOM's revenue (12.6% 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 (9.2%).
Next Steps
Past Performance
How has Dime Community Bancshares performed over the past 5 years?
-4.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DCOM has high quality earnings.
Growing Profit Margin: DCOM's current net profit margins (25.4%) are lower than last year (33.3%).
Past Earnings Growth Analysis
Earnings Trend: DCOM's earnings have declined by -4.2% per year over the past 5 years.
Accelerating Growth: DCOM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DCOM had negative earnings growth (-29.2%) over the past year, making it difficult to compare to the Banks industry average (12.1%).
Return on Equity
High ROE: DCOM's Return on Equity (6.1%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Dime Community Bancshares's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: DCOM has a low level of unsold assets or inventory.
Debt Coverage by Assets: DCOM's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: DCOM's level of assets compared to its equity is moderate.
Allowance for Bad Loans: DCOM has a sufficient allowance for bad loans.
Low Risk Liabilities: DCOM's liabilities are made up of primarily low risk sources of funding.
Loan Level: DCOM has an acceptable proportion of non-loan assets held.
Low Risk Deposits: DCOM's loans are broadly funded by customer deposits.
Level of Bad Loans: DCOM has an appropriate level of bad loans (0.21%)
Next Steps
Dividend
What is Dime Community Bancshares's current dividend yield, its reliability and sustainability?
2.87%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: DCOM's dividend (2.87%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: DCOM's dividend (2.87%) is low compared to the top 25% of dividend payers in the US market (3.69%).
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 not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (55.4%), DCOM's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DCOM's dividends in 3 years are forecast to be well covered by earnings (33.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
Average management tenure
CEO
Ken Mahon (68yo)
3.1yrs
Tenure
US$1,946,523
Compensation
Mr. Kenneth J. Mahon, also known as Ken, has been the Chief Executive Officer of Dime Community Bancshares, Inc. (“Company”) and its subsidiary, Dime Community Bank (“Bank”) since January 1, 2017 and has b ...
CEO Compensation Analysis
Compensation vs Market: Ken's total compensation ($USD1.95M) is about average for companies of similar size in the US market ($USD2.47M).
Compensation vs Earnings: Ken's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.1yrs | US$1.95m | 1.58% $10.8m | |
| Senior EVP & COO | 3.1yrs | US$929.17k | 0.31% $2.1m | |
| Senior EVP & Chief Banking Officer | 0yrs | US$955.92k | 0.17% $1.1m | |
| Senior VP & Comptroller | 0yrs | US$309.12k | 0.079% $540.7k | |
| Executive VP & Chief Lending Officer | 0yrs | US$673.15k | 0.068% $463.3k | |
| Executive VP | 1.1yrs | no data | 0.069% $473.3k | |
| Senior VP & Chief Accounting Officer | 1.1yrs | no data | 0.020% $134.8k | |
| Executive VP & CTO | 1yrs | no data | 0.041% $283.9k | |
| Executive VP | 1.9yrs | no data | 0.031% $209.7k | |
| Executive VP & Chief Human Resources Officer | 0yrs | no data | 0.060% $410.8k |
1.5yrs
Average Tenure
54yo
Average Age
Experienced Management: DCOM's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.1yrs | US$1.95m | 1.58% $10.8m | |
| Chairman of the Board | 24.2yrs | US$106.92k | 2.57% $17.7m | |
| Vice Chairman of the Board | 6yrs | US$108.57k | 1.89% $13.0m | |
| Independent Director | 2.2yrs | US$117.56k | 0.041% $283.9k | |
| Independent Director | 25.1yrs | US$123.42k | 0.22% $1.5m | |
| Director | 25.1yrs | US$118.67k | 0.26% $1.8m | |
| Independent Director | 13.6yrs | US$133.92k | 0.17% $1.1m | |
| Lead Director | 3.2yrs | US$132.42k | 0.087% $594.3k | |
| Independent Director | 14.4yrs | US$130.42k | 0.20% $1.3m | |
| Independent Director | 2.4yrs | US$121.13k | 0.018% $124.8k |
14.0yrs
Average Tenure
71.5yo
Average Age
Experienced Board: DCOM's board of directors are seasoned and experienced ( 14 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Dime Community Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Dime Community Bancshares, Inc.
- Ticker: DCOM
- Exchange: NasdaqGS
- Founded: 1864
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$686.219m
- Shares outstanding: 35.15m
- Website: https://www.dime.com
Number of Employees
Location
- Dime Community Bancshares, Inc.
- 300 Cadman Plaza West
- 8th Floor
- Brooklyn
- New York
- 11201
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DCOM | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jun 1996 |
| DCOM.P | NasdaqCM (Nasdaq Capital Market) | 5.5% NCUM PFD A | US | USD | Jan 2020 |
Biography
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. The company also offers multifamily residential and commercial real estate loans; commercial and industrial loans, such as lines of credit, revolving lines of credit, and term loans; one-to-four family residential and condominium/cooperative apartment loans; home equity and home improvement loans; equity lines of credit on multifamily residential and commercial real estate loans; acquisition, land development, and construction loans; small business administration loans; finance loans and leases; and consumer loans. In addition, it manages and owns real estate; sells non-Federal Deposit Insurance Corporation insured investment products; and invests in multifamily residential and commercial real estate loans. As of December 31, 2018, the company operated 29 full-service retail banking offices located throughout Brooklyn, Queens, the Bronx, Nassau County, and Suffolk County, New York. Dime Community Bancshares, Inc. was founded in 1864 and is headquartered in Brooklyn, New York.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/16 23:34 |
| End of Day Share Price | 2020/02/14 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.