Dime Community Bancshares (DCOM, Financial) has had its price target adjusted by Stephens analyst Matt Breese, who has reduced it from $36 to $32.50. Despite maintaining an Overweight rating on the stock, the analyst has highlighted several factors leading to this adjustment.
The decision to lower the price target comes after a review of Dime Community's recent quarterly performance, which met earnings expectations with a consensus EPS beat. Nevertheless, the company's forward-looking guidance suggests an increase in operational expenses and a contraction in the anticipated net interest margin, prompting a downward revision of future earnings projections.
Specifically, Stephens has recalibrated its operating earnings per share (EPS) forecasts for 2025 and 2026, reducing expectations by 8% to 9%. This moves the projected EPS to $2.44 and $3.48 for these years, respectively. This cautious outlook reflects concerns about the financial trajectory of Dime Community in the face of these evolving challenges.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Dime Community Bancshares Inc (DCOM, Financial) is $36.90 with a high estimate of $42.00 and a low estimate of $32.00. The average target implies an upside of 42.91% from the current price of $25.82. More detailed estimate data can be found on the Dime Community Bancshares Inc (DCOM) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Dime Community Bancshares Inc's (DCOM, Financial) average brokerage recommendation is currently 1.6, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Dime Community Bancshares Inc (DCOM, Financial) in one year is $30.07, suggesting a upside of 16.46% from the current price of $25.82. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Dime Community Bancshares Inc (DCOM) Summary page.
