State Board of Administration of Florida Retirement System maintained its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,189 shares of the savings and loans company’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System owned about 0.07% of Dime Community Bancshares worth $486,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in DCOM. BlackRock Fund Advisors boosted its position in shares of Dime Community Bancshares by 11.3% in the third quarter. BlackRock Fund Advisors now owns 2,326,133 shares of the savings and loans company’s stock worth $38,986,000 after buying an additional 236,662 shares during the period. Russell Investments Group Ltd. acquired a new position in Dime Community Bancshares during the fourth quarter valued at about $12,783,000. Nordea Investment Management AB boosted its position in Dime Community Bancshares by 250.0% in the third quarter. Nordea Investment Management AB now owns 422,156 shares of the savings and loans company’s stock valued at $7,075,000 after buying an additional 301,556 shares during the period. Seizert Capital Partners LLC boosted its position in Dime Community Bancshares by 21.0% in the third quarter. Seizert Capital Partners LLC now owns 170,241 shares of the savings and loans company’s stock valued at $2,853,000 after buying an additional 29,504 shares during the period. Finally, Acadian Asset Management LLC boosted its position in Dime Community Bancshares by 23.5% in the third quarter. Acadian Asset Management LLC now owns 167,692 shares of the savings and loans company’s stock valued at $2,810,000 after buying an additional 31,899 shares during the period. 64.80% of the stock is currently owned by institutional investors and hedge funds.
Dime Community Bancshares, Inc. (NASDAQ:DCOM) traded up 1.50% during midday trading on Thursday, hitting $20.30. The company had a trading volume of 200,617 shares. Dime Community Bancshares, Inc. has a 52 week low of $16.10 and a 52 week high of $22.48. The company has a market capitalization of $761.21 million, a P/E ratio of 10.30 and a beta of 0.78. The stock has a 50 day moving average price of $20.39 and a 200 day moving average price of $19.50.
Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Thursday, January 26th. The savings and loans company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $39.72 million for the quarter. Dime Community Bancshares had a return on equity of 8.40% and a net margin of 26.70%. Equities analysts forecast that Dime Community Bancshares, Inc. will post $1.32 earnings per share for the current fiscal year.
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Separately, Keefe, Bruyette & Woods set a $22.00 target price on Dime Community Bancshares and gave the company a “hold” rating in a research note on Tuesday, April 4th.
About Dime Community Bancshares
Dime Community Bancshares, Inc operates as a holding company for Dime Community Bank (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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