Dime Community Bancshares, Inc. (DCOM) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System raised its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 0.9% during the first quarter, Holdings Channel reports. The fund owned 128,719 shares of the savings and loans company’s stock after buying an additional 1,200 shares during the period. California Public Employees Retirement System’s holdings in Dime Community Bancshares were worth $2,613,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. State Street Corp raised its stake 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. TD Asset Management Inc. raised its stake in shares of Dime Community Bancshares by 55.3% in the first quarter. TD Asset Management Inc. now owns 92,100 shares of the savings and loans company’s stock valued at $1,870,000 after buying an additional 32,800 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Dime Community Bancshares by 3.1% in the first quarter. Bank of New York Mellon Corp now owns 605,407 shares of the savings and loans company’s stock valued at $12,290,000 after buying an additional 18,396 shares during the last quarter. Norges Bank acquired a new stake in shares of Dime Community Bancshares during the fourth quarter valued at approximately $8,333,000. Finally, Comerica Bank raised its stake 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. Institutional investors own 67.32% of the company’s stock.

Shares of Dime Community Bancshares, Inc. (DCOM) opened at 20.70 on Wednesday. The company’s 50 day moving average price is $19.98 and its 200 day moving average price is $20.33. The company has a market cap of $779.00 million, a price-to-earnings ratio of 22.80 and a beta of 0.77. Dime Community Bancshares, Inc. has a 12 month low of $16.10 and a 12 month high of $22.48.

Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Thursday, April 27th. The savings and loans company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The business 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%. On average, equities analysts expect that Dime Community Bancshares, Inc. will post $1.26 EPS for the current fiscal year.

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

In related news, insider Michael Pucella sold 2,012 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $19.34, for a total value of $38,912.08. Following the sale, the insider now directly owns 22,838 shares of the company’s stock, valued at $441,686.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven D. Cohn sold 2,761 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 71,990 shares in the company, valued at $1,464,996.50. The disclosure for this sale can be found here. Insiders sold 5,992 shares of company stock worth $118,674 over the last three months. 12.70% of the stock is owned by insiders.

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.

Want to see what other hedge funds are holding DCOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dime Community Bancshares, Inc. (NASDAQ:DCOM).

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

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