Bank of New York Mellon Corp Has $10.23 Million Stake in Dime Community Bancshares, Inc. (DCOM)

Bank of New York Mellon Corp reduced its stake in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 6.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 475,599 shares of the savings and loans company’s stock after selling 35,083 shares during the period. Bank of New York Mellon Corp owned 1.27% of Dime Community Bancshares worth $10,225,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sei Investments Co. lifted its holdings in Dime Community Bancshares by 98,220.0% in the 2nd quarter. Sei Investments Co. now owns 4,916 shares of the savings and loans company’s stock worth $109,000 after purchasing an additional 4,911 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Dime Community Bancshares by 8.4% in the 2nd quarter. SG Americas Securities LLC now owns 6,243 shares of the savings and loans company’s stock worth $122,000 after purchasing an additional 486 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Dime Community Bancshares by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 9,442 shares of the savings and loans company’s stock worth $185,000 after purchasing an additional 1,416 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in Dime Community Bancshares by 0.5% in the 2nd quarter. Federated Investors Inc. PA now owns 9,493 shares of the savings and loans company’s stock worth $186,000 after purchasing an additional 47 shares in the last quarter. Finally, Virtu KCG Holdings LLC purchased a new position in Dime Community Bancshares in the 2nd quarter worth approximately $200,000. 68.33% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) opened at $21.20 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.27. Dime Community Bancshares, Inc. has a 12 month low of $18.35 and a 12 month high of $22.65. The stock has a market capitalization of $793.37, a P/E ratio of 21.41 and a beta of 0.82.

Dime Community Bancshares (NASDAQ:DCOM) last released its quarterly earnings data on Thursday, October 26th. The savings and loans company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter. sell-side analysts expect that Dime Community Bancshares, Inc. will post 1.46 earnings per share for the current year.

In other Dime Community Bancshares news, insider Timothy B. King sold 5,000 shares of Dime Community Bancshares stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $22.50, for a total value of $112,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 7.30% of the company’s stock.

A number of research analysts recently commented on DCOM shares. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $23.00 price target on shares of Dime Community Bancshares in a report on Tuesday, October 3rd. Piper Jaffray Companies cut Dime Community Bancshares from an “overweight” rating to a “neutral” rating in a report on Friday, November 3rd. Barclays boosted their price target on Dime Community Bancshares from $20.00 to $21.00 and gave the stock an “underweight” rating in a report on Wednesday, October 11th. ValuEngine cut Dime Community Bancshares from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Finally, BidaskClub cut Dime Community Bancshares from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Dime Community Bancshares presently has a consensus rating of “Hold” and an average price target of $22.17.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of United States & international copyright and trademark laws. The legal version of this piece of content can be read at https://www.com-unik.info/2017/12/26/bank-of-new-york-mellon-corp-has-10-23-million-stake-in-dime-community-bancshares-inc-dcom.html.

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.

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

What are top analysts saying about Dime Community Bancshares? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Dime Community Bancshares and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit