Geode Capital Management LLC raised its holdings in Dime Community Bancshares, Inc. (NASDAQ:DCOM) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 367,339 shares of the savings and loans company’s stock after purchasing an additional 17,470 shares during the quarter. Geode Capital Management LLC owned 1.01% of Dime Community Bancshares worth $6,237,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DCOM. BlackRock Inc. boosted its holdings in shares of Dime Community Bancshares by 5.6% in the 3rd quarter. BlackRock Inc. now owns 4,895,922 shares of the savings and loans company’s stock valued at $87,391,000 after purchasing an additional 258,794 shares in the last quarter. Polaris Capital Management LLC boosted its holdings in shares of Dime Community Bancshares by 9.1% in the 3rd quarter. Polaris Capital Management LLC now owns 964,083 shares of the savings and loans company’s stock valued at $17,209,000 after purchasing an additional 80,794 shares in the last quarter. Vanguard Group Inc boosted its holdings in shares of Dime Community Bancshares by 2.4% in the 3rd quarter. Vanguard Group Inc now owns 3,316,518 shares of the savings and loans company’s stock valued at $59,200,000 after purchasing an additional 78,348 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Dime Community Bancshares by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,316,518 shares of the savings and loans company’s stock valued at $59,200,000 after purchasing an additional 78,348 shares in the last quarter. Finally, M3F Inc. acquired a new stake in shares of Dime Community Bancshares in the 4th quarter valued at $954,000. 73.28% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on DCOM. BidaskClub downgraded Dime Community Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. Zacks Investment Research downgraded Dime Community Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, April 1st. Finally, Sandler O’Neill downgraded Dime Community Bancshares from a “buy” rating to a “hold” rating and set a $20.00 target price on the stock. in a report on Wednesday, February 13th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $19.88.

Shares of DCOM opened at $19.61 on Friday. Dime Community Bancshares, Inc. has a 52 week low of $15.48 and a 52 week high of $20.85. The firm has a market capitalization of $703.61 million, a PE ratio of 14.53 and a beta of 0.79. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.27 and a quick ratio of 1.27.

Dime Community Bancshares (NASDAQ:DCOM) last announced its quarterly earnings results on Thursday, January 24th. The savings and loans company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.02. Dime Community Bancshares had a return on equity of 8.22% and a net margin of 22.18%. The company had revenue of $38.97 million during the quarter, compared to analysts’ expectations of $37.20 million. As a group, analysts expect that Dime Community Bancshares, Inc. will post 1.3 EPS for the current year.

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Dime Community Bancshares Company Profile

Dime Community Bancshares, Inc operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. It offers deposit products, such as savings, money market, and interest bearing and non-interest bearing checking accounts, as well as certificates of deposit.

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

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