Arizona State Retirement System Buys 100 Shares of Dime Community Bancshares, Inc. (DCOM)

Arizona State Retirement System boosted its stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,170 shares of the savings and loans company’s stock after buying an additional 100 shares during the period. Arizona State Retirement System’s holdings in Dime Community Bancshares were worth $328,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of DCOM. Comerica Bank raised its position in shares of Dime Community Bancshares by 6.3% in the fourth quarter. Comerica Bank now owns 33,286 shares of the savings and loans company’s stock valued at $671,000 after buying an additional 1,976 shares during the last quarter. State Street Corp raised its position in shares of Dime Community Bancshares by 18.2% in the fourth quarter. State Street Corp now owns 758,556 shares of the savings and loans company’s stock valued at $15,246,000 after buying an additional 117,030 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Dime Community Bancshares by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,412,079 shares of the savings and loans company’s stock valued at $48,483,000 after buying an additional 135,093 shares during the last quarter. Martingale Asset Management L P purchased a new position in shares of Dime Community Bancshares during the fourth quarter valued at approximately $206,000. Finally, Renaissance Technologies LLC raised its position in shares of Dime Community Bancshares by 13.0% in the fourth quarter. Renaissance Technologies LLC now owns 609,625 shares of the savings and loans company’s stock valued at $12,253,000 after buying an additional 70,153 shares during the last quarter. Institutional investors own 67.31% of the company’s stock.

Dime Community Bancshares, Inc. (NASDAQ:DCOM) remained flat at $20.60 on Friday. 184,085 shares of the company were exchanged. The stock has a market cap of $775.24 million, a PE ratio of 22.69 and a beta of 0.77. Dime Community Bancshares, Inc. has a 1-year low of $16.10 and a 1-year high of $22.48. The firm’s 50 day moving average is $19.91 and its 200-day moving average is $20.33.

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

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Several research analysts have recently commented on DCOM shares. Keefe, Bruyette & Woods set a $22.00 target price on Dime Community Bancshares and gave the stock a “hold” rating in a research report on Tuesday, April 4th. Piper Jaffray Companies upgraded Dime Community Bancshares from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $20.50 to $22.50 in a research report on Tuesday, May 9th. Finally, Barclays PLC reiterated an “underweight” rating and issued a $20.00 target price (up previously from $19.00) on shares of Dime Community Bancshares in a research report on Wednesday, July 12th.

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

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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