Foundry Partners LLC Acquires 29,110 Shares of Dime Community Bancshares, Inc. (DCOM)

Foundry Partners LLC raised its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 8.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 383,065 shares of the savings and loans company’s stock after buying an additional 29,110 shares during the period. Foundry Partners LLC owned 1.02% of Dime Community Bancshares worth $6,838,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. HGK Asset Management Inc. grew its position in shares of Dime Community Bancshares by 19.3% in the 2nd quarter. HGK Asset Management Inc. now owns 18,619 shares of the savings and loans company’s stock valued at $363,000 after acquiring an additional 3,013 shares during the period. Schroder Investment Management Group grew its position in shares of Dime Community Bancshares by 18.3% in the 2nd quarter. Schroder Investment Management Group now owns 23,442 shares of the savings and loans company’s stock valued at $462,000 after acquiring an additional 3,624 shares during the period. Aperio Group LLC grew its position in shares of Dime Community Bancshares by 13.0% in the 2nd quarter. Aperio Group LLC now owns 31,866 shares of the savings and loans company’s stock valued at $621,000 after acquiring an additional 3,677 shares during the period. Legal & General Group Plc grew its position in shares of Dime Community Bancshares by 5.8% in the 2nd quarter. Legal & General Group Plc now owns 70,791 shares of the savings and loans company’s stock valued at $1,385,000 after acquiring an additional 3,854 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Dime Community Bancshares by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 446,575 shares of the savings and loans company’s stock valued at $8,709,000 after acquiring an additional 4,012 shares during the period. Hedge funds and other institutional investors own 72.87% of the company’s stock.

A number of research analysts have recently commented on DCOM shares. ValuEngine downgraded shares of Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Zacks Investment Research raised shares of Dime Community Bancshares from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $20.50 price objective on shares of Dime Community Bancshares in a research report on Friday, July 13th. Barclays decreased their price objective on shares of Dime Community Bancshares from $20.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, October 3rd. Finally, BidaskClub downgraded shares of Dime Community Bancshares from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 6th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Dime Community Bancshares has an average rating of “Hold” and an average price target of $20.17.

Shares of DCOM opened at $16.84 on Friday. Dime Community Bancshares, Inc. has a one year low of $16.62 and a one year high of $22.65. The stock has a market capitalization of $646.55 million, a PE ratio of 12.69 and a beta of 0.53. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.88.

Dime Community Bancshares (NASDAQ:DCOM) last announced 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 during the quarter, compared to the consensus estimate of $39.50 million. Dime Community Bancshares had a net margin of 23.18% and a return on equity of 8.54%. On average, research analysts forecast that Dime Community Bancshares, Inc. will post 1.35 earnings per share for the current fiscal year.

In related news, EVP Stuart H. Lubow bought 5,000 shares of Dime Community Bancshares stock in a transaction that occurred on Thursday, August 9th. The stock was acquired at an average price of $17.80 per share, with a total value of $89,000.00. Following the acquisition, the executive vice president now owns 15,743 shares of the company’s stock, valued at approximately $280,225.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased a total of 5,883 shares of company stock valued at $105,072 in the last ninety days. 7.30% of the stock is currently owned by insiders.

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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