LSV Asset Management boosted its position in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 17.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,067,443 shares of the savings and loans company’s stock after buying an additional 159,121 shares during the quarter. LSV Asset Management owned approximately 2.83% of Dime Community Bancshares worth $20,921,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in DCOM. Sei Investments Co. increased its holdings in Dime Community Bancshares by 98,220.0% in the second quarter. Sei Investments Co. now owns 4,916 shares of the savings and loans company’s stock valued at $109,000 after buying an additional 4,911 shares during the last quarter. SG Americas Securities LLC bought a new stake in Dime Community Bancshares in the first quarter valued at about $117,000. State of Alaska Department of Revenue increased its holdings in Dime Community Bancshares by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 6,167 shares of the savings and loans company’s stock valued at $120,000 after buying an additional 2,717 shares during the last quarter. Mason Street Advisors LLC increased its holdings in 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 during the last quarter. Finally, Victory Capital Management Inc. bought a new stake in Dime Community Bancshares in the first quarter valued at about $163,000. 68.00% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on DCOM. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $22.00 price objective on shares of Dime Community Bancshares in a report on Thursday, August 31st. ValuEngine raised Dime Community Bancshares from a “hold” rating to a “buy” rating in a report on Monday, August 14th. BidaskClub lowered Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Barclays PLC reaffirmed an “underweight” rating and set a $20.00 target price (up from $19.00) on shares of Dime Community Bancshares in a report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Dime Community Bancshares presently has an average rating of “Hold” and a consensus price target of $21.50.
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Dime Community Bancshares, Inc. (NASDAQ:DCOM) remained flat at $19.50 during trading on Wednesday. 1,422 shares of the company traded hands. The firm has a 50 day moving average price of $19.19 and a 200-day moving average price of $19.86. The company has a market capitalization of $730.20 million, a P/E ratio of 21.33 and a beta of 0.80. Dime Community Bancshares, Inc. has a 1-year low of $16.10 and a 1-year high of $22.48.
Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings results on Thursday, July 27th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter. Equities research analysts predict that Dime Community Bancshares, Inc. will post $1.27 EPS 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.
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