Dime Community Bancshares, Inc. (NASDAQ:DCOM) Stake Boosted by GSA Capital Partners LLP

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DCOM. TD Asset Management Inc. grew its stake in Dime Community Bancshares by 55.3% in the 1st quarter. TD Asset Management Inc. now owns 92,100 shares of the savings and loans company’s stock valued at $1,870,000 after purchasing an additional 32,800 shares during the period. Citadel Advisors LLC grew its stake in Dime Community Bancshares by 5.0% in the 1st quarter. Citadel Advisors LLC now owns 33,653 shares of the savings and loans company’s stock valued at $683,000 after purchasing an additional 1,617 shares during the period. Renaissance Technologies LLC grew its stake in Dime Community Bancshares by 5.0% in the 1st quarter. Renaissance Technologies LLC now owns 640,072 shares of the savings and loans company’s stock valued at $12,993,000 after purchasing an additional 30,447 shares during the period. Prudential Financial Inc. grew its stake in Dime Community Bancshares by 2.0% in the 2nd quarter. Prudential Financial Inc. now owns 476,234 shares of the savings and loans company’s stock valued at $9,334,000 after purchasing an additional 9,510 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Dime Community Bancshares by 3.1% in the 1st 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 purchasing an additional 18,396 shares during the period. 68.00% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods restated a “hold” rating and issued a $22.00 price objective on shares of Dime Community Bancshares in a research note on Thursday, August 31st. ValuEngine upgraded Dime Community Bancshares from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. BidaskClub downgraded Dime Community Bancshares from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Barclays PLC restated an “underweight” rating and issued a $20.00 price objective (up previously from $19.00) on shares of Dime Community Bancshares in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $21.50.

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Dime Community Bancshares, Inc. (NASDAQ DCOM) opened at 21.50 on Friday. Dime Community Bancshares, Inc. has a 1-year low of $16.10 and a 1-year high of $22.48. The stock’s 50 day moving average price is $19.19 and its 200 day moving average price is $19.86. The company has a market cap of $805.09 million, a P/E ratio of 23.52 and a beta of 0.80.

Dime Community Bancshares (NASDAQ:DCOM) last issued its quarterly earnings data on Thursday, July 27th. The savings and loans company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Dime Community Bancshares had a return on equity of 8.04% and a net margin of 16.23%. The company had revenue of $39.80 million during the quarter. On average, equities analysts anticipate that Dime Community Bancshares, Inc. will post $1.27 earnings per share for the current fiscal year.

Dime Community Bancshares 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.

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




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