Los Angeles Capital Management & Equity Research Inc. lessened its holdings in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 15.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 102,598 shares of the savings and loans company’s stock after selling 19,290 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned about 0.27% of Dime Community Bancshares worth $2,011,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Prudential Financial Inc. lifted its holdings in shares of Dime Community Bancshares by 2.0% in the second quarter. Prudential Financial Inc. now owns 476,234 shares of the savings and loans company’s stock valued at $9,334,000 after buying an additional 9,510 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Dime Community Bancshares by 17.6% in the second quarter. Victory Capital Management Inc. now owns 9,442 shares of the savings and loans company’s stock valued at $185,000 after buying an additional 1,416 shares during the period. Federated Investors Inc. PA lifted its holdings in shares of Dime Community Bancshares by 0.5% in the second quarter. Federated Investors Inc. PA now owns 9,493 shares of the savings and loans company’s stock valued at $186,000 after buying an additional 47 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Dime Community Bancshares in the second quarter valued at $623,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Dime Community Bancshares by 57.7% in the second quarter. BNP Paribas Arbitrage SA now owns 11,304 shares of the savings and loans company’s stock valued at $222,000 after buying an additional 4,135 shares during the period. Institutional investors and hedge funds own 68.00% of the company’s stock.

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Shares of Dime Community Bancshares, Inc. (NASDAQ DCOM) opened at 19.10 on Friday. Dime Community Bancshares, Inc. has a one year low of $16.10 and a one year high of $22.48. The stock has a 50 day moving average price of $19.27 and a 200 day moving average price of $19.92. The firm has a market cap of $715.22 million, a price-to-earnings ratio of 20.90 and a beta of 0.80.

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

Several brokerages have recently weighed in on DCOM. ValuEngine lowered Dime Community Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $22.00 price objective on shares of Dime Community Bancshares in a report on Thursday, August 31st. BidaskClub lowered Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. 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 report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $21.50.

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

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