Foundry Partners LLC raised its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 8.2% in the third quarter, HoldingsChannel.com reports. The firm owned 383,065 shares of the savings and loans company’s stock after purchasing an additional 29,110 shares during the quarter. Foundry Partners LLC’s holdings in Dime Community Bancshares were worth $6,838,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. United Services Automobile Association boosted its holdings in Dime Community Bancshares by 66.5% in the 2nd quarter. United Services Automobile Association now owns 172,046 shares of the savings and loans company’s stock valued at $3,355,000 after purchasing an additional 68,700 shares during the period. Northern Trust Corp boosted its holdings in Dime Community Bancshares by 1.1% in the 2nd quarter. Northern Trust Corp now owns 1,364,775 shares of the savings and loans company’s stock valued at $26,613,000 after purchasing an additional 15,103 shares during the period. Bank of New York Mellon Corp boosted its holdings in Dime Community Bancshares by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 446,575 shares of the savings and loans company’s stock valued at $8,709,000 after purchasing an additional 4,012 shares during the period. Schroder Investment Management Group boosted its holdings in Dime Community Bancshares by 18.3% in the 2nd quarter. Schroder Investment Management Group now owns 23,442 shares of the savings and loans company’s stock valued at $462,000 after purchasing an additional 3,624 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in Dime Community Bancshares by 3.7% in the 2nd quarter. California Public Employees Retirement System now owns 139,367 shares of the savings and loans company’s stock valued at $2,718,000 after purchasing an additional 4,968 shares during the period. 72.87% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the stock. ValuEngine downgraded shares of Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, July 30th. BidaskClub raised shares of Dime Community Bancshares from a “strong sell” rating to a “sell” rating in a report on Friday, October 5th. Zacks Investment Research raised shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a report on Thursday, June 21st. Finally, Barclays dropped their target price on shares of Dime Community Bancshares from $20.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, October 3rd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $20.17.

Shares of NASDAQ:DCOM opened at $16.84 on Friday. The company has a market capitalization of $646.55 million, a PE ratio of 12.69 and a beta of 0.53. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.88. Dime Community Bancshares, Inc. has a 12 month low of $16.62 and a 12 month high of $22.65.

Dime Community Bancshares (NASDAQ:DCOM) last issued its earnings results on Thursday, July 26th. The savings and loans company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $38.37 million during the quarter, compared to analyst estimates of $39.50 million. Dime Community Bancshares had a net margin of 23.18% and a return on equity of 8.54%. As a group, research analysts expect that Dime Community Bancshares, Inc. will post 1.35 EPS for the current year.

In other news, EVP Stuart H. Lubow bought 5,000 shares of the company’s stock in a transaction dated Thursday, August 9th. The stock was bought at an average cost of $17.80 per share, for a total transaction of $89,000.00. Following the transaction, the executive vice president now owns 15,743 shares of the company’s stock, valued at $280,225.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 5,883 shares of company stock valued at $105,072 over the last 90 days. Corporate insiders own 7.30% of the company’s stock.

Dime Community Bancshares Company Profile

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.

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Institutional Ownership by Quarter for Dime Community Bancshares (NASDAQ:DCOM)

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