Dime Community Bancshares Inc. (DCOM) Stake Decreased by Prudential Financial Inc.
Prudential Financial Inc. cut its stake in Dime Community Bancshares Inc. (NASDAQ:DCOM) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 486,294 shares of the company’s stock after selling 4,320 shares during the period. Prudential Financial Inc. owned 1.30% of Dime Community Bancshares worth $8,272,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Aperio Group LLC increased its position in shares of Dime Community Bancshares by 1.6% in the first quarter. Aperio Group LLC now owns 21,406 shares of the company’s stock valued at $377,000 after buying an additional 343 shares during the last quarter. BlackRock Group LTD increased its position in Dime Community Bancshares by 16.1% in the first quarter. BlackRock Group LTD now owns 51,209 shares of the company’s stock valued at $903,000 after buying an additional 7,102 shares in the last quarter. BlackRock Fund Advisors increased its position in Dime Community Bancshares by 0.9% in the first quarter. BlackRock Fund Advisors now owns 2,001,167 shares of the company’s stock valued at $35,261,000 after buying an additional 18,711 shares in the last quarter. JPMorgan Chase & Co. increased its position in Dime Community Bancshares by 5,591.3% in the first quarter. JPMorgan Chase & Co. now owns 489,279 shares of the company’s stock valued at $8,622,000 after buying an additional 480,682 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Dime Community Bancshares by 106.2% in the second quarter. BNP Paribas Arbitrage SA now owns 9,646 shares of the company’s stock valued at $164,000 after buying an additional 4,968 shares in the last quarter. 65.52% of the stock is currently owned by institutional investors and hedge funds.
Dime Community Bancshares Inc. (NASDAQ:DCOM) traded down 0.12% on Friday, reaching $16.66. The company’s stock had a trading volume of 59,393 shares. The firm’s 50 day moving average is $17.31 and its 200-day moving average is $17.49. The firm has a market cap of $612.30 million, a P/E ratio of 7.37 and a beta of 0.87. Dime Community Bancshares Inc. has a 12 month low of $15.61 and a 12 month high of $18.87.
Dime Community Bancshares (NASDAQ:DCOM) last announced its earnings results on Wednesday, July 27th. The company reported $0.30 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. Dime Community Bancshares had a net margin of 32.01% and a return on equity of 8.76%. On average, equities research analysts anticipate that Dime Community Bancshares Inc. will post $1.25 EPS for the current year.
Separately, Zacks Investment Research downgraded Dime Community Bancshares from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th.
In other Dime Community Bancshares news, Director Kathleen M. Nelson bought 2,000 shares of the stock in a transaction dated Tuesday, August 16th. The shares were bought at an average cost of $16.94 per share, with a total value of $33,880.00. Following the completion of the acquisition, the director now owns 18,104 shares of the company’s stock, valued at $306,681.76. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 12.70% of the company’s stock.
Dime Community Bancshares Company Profile
Dime Community Bancshares, Inc operates as a holding company for The Dime Savings Bank of Williamsburgh (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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