Municipal Employees Retirement System of Michigan held its stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM) during the first quarter, Holdings Channel reports. The institutional investor owned 39,160 shares of the savings and loans company’s stock at the end of the first quarter. Municipal Employees Retirement System of Michigan owned approximately 0.10% of Dime Community Bancshares worth $795,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DCOM. SG Americas Securities LLC acquired a new stake in shares of Dime Community Bancshares during the first quarter valued at approximately $117,000. Mason Street Advisors LLC increased its stake in shares of Dime Community Bancshares by 6.8% in 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 buying an additional 461 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Dime Community Bancshares during the first quarter valued at approximately $163,000. Martingale Asset Management L P acquired a new stake in shares of Dime Community Bancshares during the fourth quarter valued at approximately $206,000. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Dime Community Bancshares during the first quarter valued at approximately $225,000. Institutional investors own 67.64% of the company’s stock.

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

Dime Community Bancshares, Inc. (NASDAQ DCOM) traded down 0.73% during trading on Friday, hitting $20.35. The stock had a trading volume of 275,861 shares. Dime Community Bancshares, Inc. has a 52-week low of $16.10 and a 52-week high of $22.48. The firm has a market cap of $765.83 million, a PE ratio of 22.41 and a beta of 0.76. The company’s 50 day moving average is $19.85 and its 200 day moving average is $20.28.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings data on Thursday, April 27th. The savings and loans company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.03. The firm had revenue of $39.27 million during the quarter. Dime Community Bancshares had a return on equity of 8.01% and a net margin of 16.13%. Equities research analysts forecast that Dime Community Bancshares, Inc. will post $1.26 earnings per share for the current year.

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DCOM has been the topic of a number of research reports. Keefe, Bruyette & Woods set a $22.00 price target on Dime Community Bancshares and gave the stock a “hold” rating in a research note on Tuesday, April 4th. Piper Jaffray Companies upgraded Dime Community Bancshares from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $20.50 to $22.50 in a research note on Tuesday, May 9th.

In other Dime Community Bancshares news, Director Steven D. Cohn sold 2,761 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $20.35, for a total value of $56,186.35. Following the completion of the sale, the director now owns 71,990 shares in the company, valued at approximately $1,464,996.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Pucella sold 2,012 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $19.34, for a total transaction of $38,912.08. Following the completion of the sale, the insider now owns 22,838 shares of the company’s stock, valued at approximately $441,686.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,992 shares of company stock valued at $118,674. Insiders own 12.70% of the company’s stock.

Dime Community Bancshares Company Profile

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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