Basswood Capital Management, 10% owner, sells $4.5M of DCOM stock.

Basswood Capital Management, L.L.C., a 10% owner and director of Dime Commercial Bancshares, Inc. (NASDAQ:DCOM), sold common stock totaling $4,536,844 across multiple transactions in late October 2026.

The investment firm disposed of 106,159 shares of Dime Commercial Bancshares common stock. These sales occurred on October 23, 2026, and October 26, 2026. The shares were sold at prices ranging from $42.68 to $43.05 per share. The timing of the sale coincides with the stock trading near its 52-week high of $43.38, following a remarkable 60% return over the past year. According to InvestingPro analysis, DCOM currently appears overvalued relative to its Fair Value, which may have influenced the selling decision.

Following these transactions, Basswood Capital Management continues to hold shares of Dime Commercial Bancshares, both directly and indirectly, as noted in the filing.

The filing was made on October 27, 2026. For deeper insights into DCOM’s valuation and financial health, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US stocks on InvestingPro.

In other recent news, Dime Community Bancshares reported its third-quarter 2026 earnings, surpassing Wall Street expectations. The company posted earnings of $0.91 per share, exceeding the forecast of $0.86, while revenue reached $135.35 million, beating the estimated $131.16 million. This marked a record revenue for Dime Community, with core earnings increasing by 53% from the previous year. Additionally, DA Davidson raised its price target for Dime Community Bancshares to $50.00 from $48.00, maintaining a Buy rating. The firm highlighted the bank’s progress in transitioning to a more profitable commercial bank, noting an increase in average loans for the first time in eight quarters. This growth was attributed to the hiring of eight lending teams in 2025 and a strategic reduction in exposure to multifamily and commercial real estate. These developments reflect ongoing changes within the company as it aims to enhance profitability.