New York State Teachers Retirement System maintained its stake in Dime Community Bancshares Inc. (NASDAQ:DCOM) during the second quarter, Holdings Channel reports. The fund owned 109,334 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Dime Community Bancshares were worth $1,860,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in DCOM. Aperio Group LLC boosted 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 worth $377,000 after buying an additional 343 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of 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 raised its stake in shares of 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 raised its stake in shares of 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. raised its stake in shares of 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 hedge funds and other institutional investors.
Shares of Dime Community Bancshares Inc. (NASDAQ:DCOM) traded up 1.34% during midday trading on Friday, reaching $16.59. 81,117 shares of the company’s stock were exchanged. The company’s 50-day moving average is $17.21 and its 200-day moving average is $17.46. Dime Community Bancshares Inc. has a one year low of $15.61 and a one year high of $18.87. The stock has a market cap of $609.73 million, a P/E ratio of 7.34 and a beta of 0.87.
Dime Community Bancshares (NASDAQ:DCOM) last released its earnings results on Wednesday, July 27th. The company reported $0.30 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.30. Dime Community Bancshares had a return on equity of 8.76% and a net margin of 32.01%. Equities analysts expect that Dime Community Bancshares Inc. will post $1.25 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a 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 purchased at an average price of $16.94 per share, with a total value of $33,880.00. Following the completion of the acquisition, 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 legal filing with the SEC, which is available through this link. 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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