Dime Beats Q3 Estimates With $0.91 EPS as Revenue Climbs 17%
DCOM sits 50% above its 52-week low of $25.625.
Summary
Dime posted Q3 adjusted EPS of $0.91, beating the $0.86 consensus and up from $0.61 a year ago. Revenue rose 17.2% to $121.22M versus the $118.65M analysts expected, with net income of $39.74M. The beat lands the same morning Dime announced a roughly $58M cash-and-stock deal for ES Bancshares, adding $491M of deposits and Staten Island and Brooklyn branches. Estimate momentum had been negative into the print — the mean EPS estimate fell about 3.4% over three months and two analysts cut in the last 30 days — so the beat reverses a soft setup. Shares had slipped 1.8% over the quarter heading in, and the consensus rating remains buy with a $46 median price target.
At the time of this announcement, DCOM was trading at $38.37 on NYSE in the Finance sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $25.63 to $41.97. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.