BlackRock Fund Advisors boosted its stake in shares of Dime Community Bancshares Inc. (NASDAQ:DCOM) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,001,167 shares of the company’s stock after buying an additional 18,711 shares during the period. BlackRock Fund Advisors owned about 5.45% of Dime Community Bancshares worth $35,261,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC raised its position in Dime Community Bancshares by 9.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 209,890 shares of the company’s stock valued at $3,671,000 after buying an additional 17,765 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in Dime Community Bancshares by 123.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 81,661 shares of the company’s stock valued at $1,428,000 after buying an additional 45,061 shares during the last quarter. Polaris Capital Management LLC raised its position in Dime Community Bancshares by 22.9% in the fourth quarter. Polaris Capital Management LLC now owns 985,689 shares of the company’s stock valued at $17,240,000 after buying an additional 183,570 shares during the last quarter. Pear Tree Advisors Inc. purchased a new position in Dime Community Bancshares during the fourth quarter valued at about $1,695,000. Finally, Citadel Advisors LLC raised its position in Dime Community Bancshares by 48.8% in the fourth quarter. Citadel Advisors LLC now owns 90,634 shares of the company’s stock valued at $1,585,000 after buying an additional 29,721 shares during the last quarter.
Dime Community Bancshares Inc. (NASDAQ:DCOM) traded down 1.12% during midday trading on Tuesday, reaching $17.65. 68,908 shares of the company’s stock traded hands. The stock has a market cap of $645.80 million and a P/E ratio of 7.79. The company’s 50-day moving average price is $17.41 and its 200-day moving average price is $17.34. Dime Community Bancshares Inc. has a 52-week low of $15.61 and a 52-week high of $18.87.
DCOM has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Dime Community Bancshares from a “strong-buy” rating to a “hold” rating in a report on Monday, April 18th. Piper Jaffray Cos. lowered shares of Dime Community Bancshares from an “overweight” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Friday, June 3rd.
In other news, EVP Timothy B. King sold 5,453 shares of the company’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $18.55, for a total value of $101,153.15. Following the transaction, the executive vice president now directly owns 116,333 shares in the company, valued at $2,157,977.15. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Terence J. Mitchell sold 8,541 shares of the company’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of $18.50, for a total transaction of $158,008.50. Following the completion of the transaction, the vice president now owns 8,505 shares in the company, valued at $157,342.50. The disclosure for this sale can be found here.
Dime Community Bancshares, Inc operates as a holding company for The Dime Savings Bank of Williamsburgh (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.
