Dime Community Bancshares, Inc. (DCOM) Holdings Boosted by Rhumbline Advisers
Rhumbline Advisers grew its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 66,503 shares of the savings and loans company’s stock after purchasing an additional 809 shares during the quarter. Rhumbline Advisers owned about 0.18% of Dime Community Bancshares worth $1,303,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Sei Investments Co. boosted its stake in Dime Community Bancshares by 98,220.0% in the second quarter. Sei Investments Co. now owns 4,916 shares of the savings and loans company’s stock worth $109,000 after purchasing an additional 4,911 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Dime Community Bancshares during the first quarter valued at $117,000. State of Alaska Department of Revenue lifted its stake in shares of Dime Community Bancshares by 78.8% during the second quarter. State of Alaska Department of Revenue now owns 6,167 shares of the savings and loans company’s stock valued at $120,000 after acquiring an additional 2,717 shares during the period. Mason Street Advisors LLC lifted its stake in shares of Dime Community Bancshares by 6.8% during the first quarter. Mason Street Advisors LLC now owns 7,270 shares of the savings and loans company’s stock valued at $148,000 after acquiring an additional 461 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in shares of Dime Community Bancshares during the first quarter valued at $163,000. 68.00% of the stock is currently owned by institutional investors.
Several equities analysts have recently issued reports on DCOM shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $22.00 price target on shares of Dime Community Bancshares in a research note on Thursday, August 31st. Barclays PLC reaffirmed an “underweight” rating and set a $20.00 price target (up previously from $19.00) on shares of Dime Community Bancshares in a research note on Wednesday, July 12th. ValuEngine raised Dime Community Bancshares from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Finally, BidaskClub lowered Dime Community Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Dime Community Bancshares presently has an average rating of “Hold” and an average price target of $21.50.
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Dime Community Bancshares, Inc. (DCOM) opened at 20.10 on Friday. The firm has a market cap of $752.66 million, a price-to-earnings ratio of 21.99 and a beta of 0.80. Dime Community Bancshares, Inc. has a 52 week low of $16.10 and a 52 week high of $22.48. The stock’s 50 day moving average price is $19.19 and its 200 day moving average price is $19.86.
Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Thursday, July 27th. The savings and loans company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Dime Community Bancshares had a return on equity of 8.04% and a net margin of 16.23%. The company had revenue of $39.80 million for the quarter. On average, equities research analysts predict that Dime Community Bancshares, Inc. will post $1.27 EPS for the current year.
About Dime Community Bancshares
Dime Community Bancshares, Inc operates as a holding company for Dime Community Bank (the Bank), a chartered savings bank. The Company is a unitary savings and loan holding company. The Company operates through Community Banking segment. The Bank’s principal business is gathering retail deposits, and lending them primarily in multifamily residential, commercial real estate and mixed use loans, as well as investing in mortgage-backed securities (MBS), obligations of the United States Government and Government Sponsored Entities (GSEs), and corporate debt and equity securities.
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