Vanguard Group Inc. Cuts Holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM)

Vanguard Group Inc. decreased its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 2.4% in the second quarter, HoldingsChannel reports. The firm owned 3,410,649 shares of the savings and loans company’s stock after selling 85,391 shares during the quarter. Vanguard Group Inc. owned 0.10% of Dime Community Bancshares worth $64,769,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Dime Community Bancshares by 1.8% during the second quarter. BlackRock Inc. now owns 4,885,362 shares of the savings and loans company’s stock valued at $92,773,000 after purchasing an additional 85,990 shares in the last quarter. Northern Trust Corp grew its position in shares of Dime Community Bancshares by 0.8% during the second quarter. Northern Trust Corp now owns 1,316,803 shares of the savings and loans company’s stock valued at $25,006,000 after purchasing an additional 10,591 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Dime Community Bancshares by 5.6% during the second quarter. Renaissance Technologies LLC now owns 635,800 shares of the savings and loans company’s stock valued at $12,074,000 after purchasing an additional 33,500 shares in the last quarter. Banc Funds Co. LLC grew its position in shares of Dime Community Bancshares by 61.4% during the second quarter. Banc Funds Co. LLC now owns 345,000 shares of the savings and loans company’s stock valued at $6,552,000 after purchasing an additional 131,200 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Dime Community Bancshares by 0.9% during the second quarter. Russell Investments Group Ltd. now owns 286,613 shares of the savings and loans company’s stock valued at $5,438,000 after purchasing an additional 2,632 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Shares of NASDAQ:DCOM opened at $21.61 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 2.19. Dime Community Bancshares, Inc. has a 12 month low of $15.48 and a 12 month high of $22.00. The company has a 50-day moving average price of $20.90 and a 200 day moving average price of $19.60. The company has a market cap of $777.10 million, a price-to-earnings ratio of 16.01 and a beta of 0.88.

Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings results on Thursday, July 25th. The savings and loans company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. Dime Community Bancshares had a net margin of 20.35% and a return on equity of 8.01%. The firm had revenue of $39.32 million during the quarter, compared to the consensus estimate of $38.30 million.

A number of brokerages have recently weighed in on DCOM. ValuEngine lowered Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded Dime Community Bancshares from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research report on Monday, July 29th. Finally, BidaskClub upgraded Dime Community Bancshares from a “sell” rating to a “hold” rating in a research report on Saturday, September 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $20.00.

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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