Bank of New York Mellon Corp Raises Position in Dime Community Bancshares, Inc. (DCOM)

Bank of New York Mellon Corp increased its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 446,575 shares of the savings and loans company’s stock after buying an additional 4,012 shares during the quarter. Bank of New York Mellon Corp’s holdings in Dime Community Bancshares were worth $8,709,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DCOM. BlackRock Inc. increased its holdings in Dime Community Bancshares by 2.8% in the 1st quarter. BlackRock Inc. now owns 4,338,319 shares of the savings and loans company’s stock worth $79,825,000 after buying an additional 118,251 shares during the period. Dimensional Fund Advisors LP increased its holdings in Dime Community Bancshares by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,143,917 shares of the savings and loans company’s stock worth $57,848,000 after buying an additional 105,380 shares during the period. A.R.T. Advisors LLC acquired a new position in Dime Community Bancshares in the 1st quarter worth approximately $548,000. Foundry Partners LLC increased its holdings in Dime Community Bancshares by 7.9% in the 2nd quarter. Foundry Partners LLC now owns 353,955 shares of the savings and loans company’s stock worth $6,902,000 after buying an additional 25,925 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in Dime Community Bancshares by 11.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 148,071 shares of the savings and loans company’s stock worth $2,725,000 after buying an additional 15,247 shares during the period. Institutional investors own 72.86% of the company’s stock.

DCOM has been the topic of a number of analyst reports. ValuEngine raised shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. BidaskClub raised shares of Dime Community Bancshares from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. Zacks Investment Research raised shares of Dime Community Bancshares from a “sell” rating to a “hold” rating in a research note on Monday, July 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $20.50 price objective on shares of Dime Community Bancshares in a research note on Friday, July 13th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $21.50.

In other news, EVP Stuart H. Lubow acquired 5,000 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were acquired 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 directly owns 15,743 shares of the company’s stock, valued at $280,225.40. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders have bought a total of 5,883 shares of company stock worth $105,072 in the last ninety days. Corporate insiders own 7.60% of the company’s stock.

Shares of NASDAQ DCOM opened at $17.30 on Thursday. The company has a market cap of $663.03 million, a PE ratio of 13.41 and a beta of 0.54. Dime Community Bancshares, Inc. has a 12 month low of $17.10 and a 12 month high of $22.65. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.27 and a current ratio of 1.27.

Dime Community Bancshares (NASDAQ:DCOM) last issued 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). The firm had revenue of $38.37 million for the quarter, compared to analyst estimates of $39.50 million. Dime Community Bancshares had a return on equity of 8.54% and a net margin of 23.18%. analysts forecast that Dime Community Bancshares, Inc. will post 1.35 EPS for the current fiscal year.

Dime Community Bancshares 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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