Mason Street Advisors LLC acquired a new position in Dime Community Bancshares Inc. (NASDAQ:DCOM) during the second quarter, Holdings Channel reports. The institutional investor acquired 6,027 shares of the company’s stock, valued at approximately $103,000.
Other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV purchased a new position in Dime Community Bancshares during the second quarter worth approximately $109,000. BlackRock Inc. increased its position in Dime Community Bancshares by 264.6% in the second quarter. BlackRock Inc. now owns 7,599 shares of the company’s stock worth $130,000 after buying an additional 5,515 shares in the last quarter. 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 worth $164,000 after buying an additional 4,968 shares in the last quarter. Profund Advisors LLC purchased a new position in Dime Community Bancshares during the second quarter worth approximately $171,000. Finally, Neuberger Berman Group LLC purchased a new position in Dime Community Bancshares during the second quarter worth approximately $173,000. Hedge funds and other institutional investors own 65.51% of the company’s stock.
Dime Community Bancshares Inc. (NASDAQ:DCOM) opened at 16.55 on Wednesday. The firm’s 50-day moving average price is $17.16 and its 200 day moving average price is $17.44. The firm has a market cap of $608.26 million, a P/E ratio of 7.32 and a beta of 0.87. Dime Community Bancshares Inc. has a one year low of $15.61 and a one year high of $18.87.
Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.30 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.30. Dime Community Bancshares had a return on equity of 8.76% and a net margin of 32.01%. On average, equities research analysts forecast that Dime Community Bancshares Inc. will post $1.25 EPS for the current year.
Separately, Zacks Investment Research upgraded Dime Community Bancshares from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th.
In other news, Director Kathleen M. Nelson bought 2,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were purchased at an average price of $16.94 per share, for a total transaction of $33,880.00. Following the purchase, the director now owns 18,104 shares of the company’s stock, valued at approximately $306,681.76. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 12.70% of the stock is owned by company insiders.
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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