Arizona State Retirement System lessened its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 7.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,796 shares of the savings and loans company’s stock after selling 3,580 shares during the quarter. Arizona State Retirement System owned about 0.12% of Dime Community Bancshares worth $874,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Piedmont Investment Advisors LLC bought a new stake in Dime Community Bancshares during the second quarter worth approximately $141,000. Barclays PLC boosted its holdings in Dime Community Bancshares by 91.9% during the first quarter. Barclays PLC now owns 9,644 shares of the savings and loans company’s stock worth $178,000 after buying an additional 4,619 shares in the last quarter. Trexquant Investment LP bought a new stake in Dime Community Bancshares during the first quarter worth approximately $224,000. SG Americas Securities LLC bought a new stake in Dime Community Bancshares during the second quarter worth approximately $322,000. Finally, A.R.T. Advisors LLC bought a new stake in Dime Community Bancshares during the first quarter worth approximately $548,000. Institutional investors and hedge funds own 72.87% of the company’s stock.

In other news, EVP Stuart H. Lubow acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The stock was purchased at an average price of $17.80 per share, with a total value of $89,000.00. Following the purchase, the executive vice president now owns 15,743 shares of the company’s stock, valued at approximately $280,225.40. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 5,883 shares of company stock valued at $105,072 in the last ninety days. Company insiders own 7.30% of the company’s stock.

Dime Community Bancshares stock opened at $17.75 on Friday. Dime Community Bancshares, Inc. has a 52 week low of $17.10 and a 52 week high of $22.65. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market capitalization of $664.91 million, a P/E ratio of 13.78 and a beta of 0.54.

Dime Community Bancshares (NASDAQ:DCOM) last posted its quarterly earnings data on Thursday, July 26th. The savings and loans company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). Dime Community Bancshares had a return on equity of 8.54% and a net margin of 23.18%. The firm had revenue of $38.37 million during the quarter, compared to analyst estimates of $39.50 million. equities analysts forecast that Dime Community Bancshares, Inc. will post 1.35 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Investors of record on Wednesday, August 8th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date was Tuesday, August 7th. Dime Community Bancshares’s dividend payout ratio is 43.41%.

A number of analysts recently weighed in on DCOM shares. Zacks Investment Research cut shares of Dime Community Bancshares from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 8th. Keefe, Bruyette & Woods restated a “hold” rating and set a $20.50 target price on shares of Dime Community Bancshares in a report on Friday, July 13th. ValuEngine upgraded shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Finally, BidaskClub upgraded shares of Dime Community Bancshares from a “hold” rating to a “buy” rating in a report on Saturday, June 2nd. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Dime Community Bancshares has a consensus rating of “Hold” and a consensus target price of $21.50.

Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. It offers deposit products, such as savings, money market, and interest bearing and non-interest bearing checking accounts, as well as certificates of deposit.

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

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