California State Teachers Retirement System lowered its stake in shares of Dime Community Bancshares Inc. (NASDAQ:DCOM) by 0.5% during the second quarter, Holdings Channel reports. The firm owned 65,571 shares of the company’s stock after selling 325 shares during the period. California State Teachers Retirement System owned about 0.18% of Dime Community Bancshares worth $1,115,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the stock. Aperio Group LLC increased its stake in Dime Community Bancshares by 1.6% in the first quarter. Aperio Group LLC now owns 21,406 shares of the company’s stock worth $377,000 after buying an additional 343 shares during the period. Prudential Financial Inc. increased its stake in Dime Community Bancshares by 2.0% in the first quarter. Prudential Financial Inc. now owns 490,614 shares of the company’s stock worth $8,645,000 after buying an additional 9,800 shares during the period. BlackRock Group LTD increased its stake in Dime Community Bancshares by 16.1% in the first quarter. BlackRock Group LTD now owns 51,209 shares of the company’s stock worth $903,000 after buying an additional 7,102 shares during the period. BlackRock Fund Advisors increased its stake 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 worth $35,261,000 after buying an additional 18,711 shares during the period. Finally, JPMorgan Chase & Co. increased its stake 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 worth $8,622,000 after buying an additional 480,682 shares during the period. 65.52% of the stock is owned by institutional investors.
Shares of Dime Community Bancshares Inc. (NASDAQ:DCOM) traded down 0.69% during midday trading on Friday, hitting $17.15. 146,202 shares of the stock were exchanged. Dime Community Bancshares Inc. has a 12 month low of $15.61 and a 12 month high of $18.87. The firm’s 50-day moving average is $17.40 and its 200-day moving average is $17.53. The stock has a market cap of $630.31 million, a price-to-earnings ratio of 7.59 and a beta of 0.99.
Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Wednesday, July 27th. The company reported $0.30 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.30. Dime Community Bancshares had a net margin of 32.01% and a return on equity of 8.76%. Equities research analysts predict that Dime Community Bancshares Inc. will post $1.25 earnings per share for the current year.
A number of research firms have commented on DCOM. Piper Jaffray Cos. downgraded shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Friday, June 3rd. Zacks Investment Research raised shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Wednesday, September 7th.
In other news, Director Kathleen M. Nelson bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 16th. The stock was bought at an average price of $16.94 per share, with a total value of $33,880.00. Following the completion of the transaction, the director now directly owns 18,104 shares of the company’s stock, valued at approximately $306,681.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 12.70% of the company’s stock.
About Dime Community Bancshares
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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