GSA Capital Partners LLP boosted its stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 301.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 79,642 shares of the savings and loans company’s stock after acquiring an additional 59,796 shares during the period. GSA Capital Partners LLP owned 0.21% of Dime Community Bancshares worth $1,561,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Dime Community Bancshares by 1.7% in the first quarter. Vanguard Group Inc. now owns 2,989,172 shares of the savings and loans company’s stock worth $60,680,000 after acquiring an additional 50,236 shares during the period. Dimensional Fund Advisors LP raised its position in Dime Community Bancshares by 7.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,591,162 shares of the savings and loans company’s stock worth $52,600,000 after acquiring an additional 179,083 shares during the period. LSV Asset Management raised its position in Dime Community Bancshares by 17.5% in the second quarter. LSV Asset Management now owns 1,067,443 shares of the savings and loans company’s stock worth $20,921,000 after acquiring an additional 159,121 shares during the period. State Street Corp raised its position in Dime Community Bancshares by 9.6% in the first quarter. State Street Corp now owns 831,409 shares of the savings and loans company’s stock worth $16,877,000 after acquiring an additional 72,853 shares during the period. Finally, Russell Investments Group Ltd. raised its position in Dime Community Bancshares by 1.6% in the second quarter. Russell Investments Group Ltd. now owns 642,780 shares of the savings and loans company’s stock worth $12,592,000 after acquiring an additional 10,400 shares during the period. 68.00% of the stock is currently owned by institutional investors and hedge funds.

Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) opened at 20.20 on Friday. Dime Community Bancshares, Inc. has a 52-week low of $16.10 and a 52-week high of $22.48. The company has a market cap of $756.41 million, a price-to-earnings ratio of 22.10 and a beta of 0.80. The stock has a 50 day moving average of $19.19 and a 200 day moving average of $19.86.

Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings results on Thursday, July 27th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Dime Community Bancshares had a net margin of 16.23% and a return on equity of 8.04%. The firm had revenue of $39.80 million for the quarter. On average, equities research analysts expect that Dime Community Bancshares, Inc. will post $1.27 EPS for the current year.

Several brokerages have commented on DCOM. ValuEngine raised shares of Dime Community Bancshares from a “hold” rating to a “buy” rating in a research report on Friday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Dime Community Bancshares in a research report on Thursday, August 31st. BidaskClub lowered shares of Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Barclays PLC reaffirmed an “underweight” rating and issued a $20.00 price objective (up previously from $19.00) on shares of Dime Community Bancshares in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have 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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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.

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

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