GSA Capital Partners LLP grew its stake in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 5.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,154 shares of the savings and loans company’s stock after buying an additional 4,512 shares during the period. GSA Capital Partners LLP owned 0.22% of Dime Community Bancshares worth $1,809,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Prudential Financial Inc. increased its stake in shares of Dime Community Bancshares by 2.0% in the second quarter. Prudential Financial Inc. now owns 476,234 shares of the savings and loans company’s stock valued at $9,334,000 after buying an additional 9,510 shares during the period. Peregrine Capital Management LLC acquired a new stake in shares of Dime Community Bancshares in the third quarter valued at about $6,819,000. First Trust Advisors LP increased its stake in shares of Dime Community Bancshares by 67.5% in the second quarter. First Trust Advisors LP now owns 161,172 shares of the savings and loans company’s stock valued at $3,159,000 after buying an additional 64,950 shares during the period. LSV Asset Management increased 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. Finally, Context BH Capital Management LP increased its stake in shares of Dime Community Bancshares by 3.9% in the second quarter. Context BH Capital Management LP now owns 298,219 shares of the savings and loans company’s stock valued at $5,845,000 after buying an additional 11,328 shares during the period. 68.36% of the stock is owned by institutional investors.

Several equities research analysts have recently weighed in on the company. BidaskClub cut Dime Community Bancshares from a “buy” rating to a “hold” rating in a research note on Saturday, December 9th. ValuEngine raised Dime Community Bancshares from a “hold” rating to a “buy” rating in a research note on Friday, September 22nd. Piper Jaffray Companies cut Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a research note on Friday, November 3rd. Barclays raised their target price on Dime Community Bancshares from $20.00 to $21.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $22.00 target price on shares of Dime Community Bancshares in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $22.17.

Shares of Dime Community Bancshares, Inc. (DCOM) opened at $21.40 on Friday. Dime Community Bancshares, Inc. has a one year low of $18.35 and a one year high of $22.65. The company has a market capitalization of $784.01, a P/E ratio of 16.37 and a beta of 0.82. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.40 and a current ratio of 1.40.

Dime Community Bancshares (NASDAQ:DCOM) last released its earnings results on Thursday, October 26th. The savings and loans company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. Dime Community Bancshares had a return on equity of 8.28% and a net margin of 16.99%. The business had revenue of $42.74 million during the quarter.

In related news, insider Timothy B. King sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $22.50, for a total transaction of $112,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 7.30% of the company’s stock.

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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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Institutional Ownership by Quarter for Dime Community Bancshares (NASDAQ:DCOM)

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