Polaris Capital Management LLC raised its position in shares of Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 896,889 shares of the savings and loans company’s stock after acquiring an additional 7,800 shares during the period. Polaris Capital Management LLC owned approximately 2.40% of Dime Community Bancshares worth $17,579,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of DCOM. Vanguard Group Inc. boosted its position in shares of Dime Community Bancshares by 1.7% in the first quarter. Vanguard Group Inc. now owns 2,989,172 shares of the savings and loans company’s stock worth $60,680,000 after buying an additional 50,236 shares during the period. Dimensional Fund Advisors LP boosted its position 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 worth $54,875,000 after buying an additional 208,581 shares during the period. Northern Trust Corp boosted its position in shares of Dime Community Bancshares by 5.0% in the second quarter. Northern Trust Corp now owns 1,354,196 shares of the savings and loans company’s stock worth $26,542,000 after buying an additional 64,023 shares during the period. LSV Asset Management boosted its position 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 worth $20,921,000 after buying an additional 159,121 shares during the period. Finally, State Street Corp boosted its position in shares of Dime Community Bancshares by 9.6% in the first quarter. State Street Corp now owns 831,409 shares of the savings and loans company’s stock worth $16,877,000 after buying an additional 72,853 shares during the period. 68.00% of the stock is owned by hedge funds and other institutional investors.

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Dime Community Bancshares, Inc. (NASDAQ DCOM) traded down 0.23% on Thursday, hitting $22.10. The company had a trading volume of 55,095 shares. The firm’s 50 day moving average price is $20.00 and its 200 day moving average price is $19.94. Dime Community Bancshares, Inc. has a 12-month low of $16.10 and a 12-month high of $22.48. The stock has a market cap of $827.56 million, a P/E ratio of 24.18 and a beta of 0.82.

Dime Community Bancshares (NASDAQ:DCOM) last posted its earnings results on Thursday, July 27th. The savings and loans company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The firm had revenue of $39.80 million for the quarter. Dime Community Bancshares had a net margin of 16.23% and a return on equity of 8.04%. Equities analysts predict that Dime Community Bancshares, Inc. will post $1.27 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the company. Barclays PLC upped their target price on Dime Community Bancshares from $20.00 to $21.00 and gave the stock an “underweight” rating in a research report on Wednesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $23.00 target price on shares of Dime Community Bancshares in a research report on Tuesday, October 3rd. BidaskClub downgraded Dime Community Bancshares from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, ValuEngine raised Dime Community Bancshares from a “hold” rating to a “buy” rating in a research report on Friday, September 22nd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. Dime Community Bancshares currently has a consensus rating of “Hold” and a consensus target price of $22.17.

Dime Community Bancshares Company Profile

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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