Schroder Investment Management Group reduced its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 37.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,506 shares of the savings and loans company’s stock after selling 10,083 shares during the quarter. Schroder Investment Management Group’s holdings in Dime Community Bancshares were worth $349,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of DCOM. Peregrine Capital Management LLC bought a new stake in shares of Dime Community Bancshares in the third quarter valued at about $6,819,000. Dimensional Fund Advisors LP lifted its stake in shares of Dime Community Bancshares by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,799,743 shares of the savings and loans company’s stock valued at $54,875,000 after buying an additional 208,581 shares during the period. LSV Asset Management lifted its stake in shares of Dime Community Bancshares by 17.5% in the second quarter. LSV Asset Management now owns 1,067,443 shares of the savings and loans company’s stock valued at $20,921,000 after buying an additional 159,121 shares during the period. Systematic Financial Management LP lifted its stake in shares of Dime Community Bancshares by 22.8% in the third quarter. Systematic Financial Management LP now owns 632,643 shares of the savings and loans company’s stock valued at $13,602,000 after buying an additional 117,458 shares during the period. Finally, Citadel Advisors LLC lifted its stake in shares of Dime Community Bancshares by 272.9% in the second quarter. Citadel Advisors LLC now owns 125,495 shares of the savings and loans company’s stock valued at $2,460,000 after buying an additional 91,842 shares during the period. 68.33% of the stock is currently owned by institutional investors.
DCOM has been the subject of several research reports. Piper Jaffray Companies cut shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a research note on Friday, November 3rd. ValuEngine cut shares of Dime Community Bancshares from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $23.00 target price on shares of Dime Community Bancshares in a research note on Tuesday, October 3rd. Barclays increased their target price on shares of Dime Community Bancshares from $20.00 to $21.00 and gave the company an “underweight” rating in a research note on Wednesday, October 11th. Finally, BidaskClub cut shares of Dime Community Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.17.
Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings results on Thursday, October 26th. The savings and loans company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $42.74 million during the quarter. Dime Community Bancshares had a net margin of 16.99% and a return on equity of 8.28%. equities analysts expect that Dime Community Bancshares, Inc. will post 1.46 EPS for the current year.
In other Dime Community Bancshares news, insider Timothy B. King sold 5,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $22.50, for a total transaction of $112,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 7.30% of the stock is owned by company insiders.
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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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