Basswood Capital Management Indirectly Sells Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 27 2026
0mins
Source: Fool
- Transaction Overview: Basswood Capital Management indirectly sold 44,402 shares through multiple open-market transactions from June 12 to June 16, 2026, generating approximately $1.76 million, indicating ongoing interest in Dime Community Bancshares.
- Ownership Proportion Analysis: The 44,402 shares sold represent 3% of Basswood's pre-transaction holdings, leaving it with 1,008,723 indirect shares and 317,662 direct shares post-sale, underscoring its significant stake in the company.
- Financial Performance Highlights: Dime Community Bancshares' stock price surged over 53% in the past year, with Q1 earnings per share rising 67% year-over-year to $0.75 and net income reaching $32.8 million, reflecting robust profitability and loan growth.
- Strategic Expansion Plans: Dime is actively recruiting experienced bankers to support its expansion strategy and plans to rebrand as Dime Commercial Bank later this year, further enhancing its market share and profitability.
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Analyst Views on DCOM
Wall Street analysts forecast DCOM stock price to fall
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 39.640
Low
36.00
Averages
38.33
High
40.00
Current: 39.640
Low
36.00
Averages
38.33
High
40.00
About DCOM
Dime Commercial Bancshares, Inc., formerly Dime Community Bancshares, Inc. is a holding company for Dime Commercial Bank (the Bank), a New York State-charted trust company. The Bank provides commercial banking, treasury management, and personal banking services. Its personal banking services include checking accounts, homes and properties, certificates of deposit (CDs), money market and wealth management. Its checking accounts include Debit Mastercard and order checks. Its homes and properties include personal mortgages, title insurance and mortgage calculators. Its treasury management includes online banking, payable solutions, receivable solutions, fraud prevention, liquidity solutions and escrow services. It offers a range of Certificates of Deposit (CDs) tailored to meet customer's savings goals. Its online banking solutions include payables solutions, receivables solutions, fraud prevention and liquidity solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Dime Supports Annual Sunrise Walk-A-Thon for Children with Cancer
- Charity Event Support: Dime Commercial Bancshares, Inc. announced its continued support for the annual Sunrise Walk-A-Thon, which benefits children with cancer and their siblings, highlighting the company's commitment to social responsibility.
- Asset Scale: As the holding company for Dime Commercial Bank, Dime Commercial Bancshares, Inc. manages approximately $15 billion in assets, demonstrating its robust position in the financial market.
- Market Share Leadership: Dime holds the number one deposit market share in the Greater Long Island area, particularly excelling among commercial banks with less than $20 billion in assets in Kings, Queens, Nassau, and Suffolk counties, enhancing its competitive edge.
- Investor Relations: The company’s Chief Operating Officer and Chief Financial Officer, Avinash Reddy, provided contact information, indicating Dime's emphasis on transparency and investor communication, which further boosts market trust.
See More
Basswood Capital Management Indirectly Sells Shares
- Transaction Overview: Basswood Capital Management indirectly sold 44,402 shares through multiple open-market transactions from June 12 to June 16, 2026, generating approximately $1.76 million, indicating ongoing interest in Dime Community Bancshares.
- Ownership Proportion Analysis: The 44,402 shares sold represent 3% of Basswood's pre-transaction holdings, leaving it with 1,008,723 indirect shares and 317,662 direct shares post-sale, underscoring its significant stake in the company.
- Financial Performance Highlights: Dime Community Bancshares' stock price surged over 53% in the past year, with Q1 earnings per share rising 67% year-over-year to $0.75 and net income reaching $32.8 million, reflecting robust profitability and loan growth.
- Strategic Expansion Plans: Dime is actively recruiting experienced bankers to support its expansion strategy and plans to rebrand as Dime Commercial Bank later this year, further enhancing its market share and profitability.
See More
Basswood Capital Sells DCOM Shares for $1.76M
- Sale Overview: Basswood Capital sold 44,402 shares of DCOM through indirect ownership from June 12 to June 16, 2026, generating approximately $1.76 million at a weighted average price of $39.70 per share, indicating routine position management rather than a lack of confidence.
- Holding Proportion Change: This sale represented 3.24% of Basswood's holdings at the time, and despite this minor reduction, it remains one of Dime Community Bancshares' largest shareholders with over 1.3 million shares, reflecting ongoing confidence in the company.
- Financial Performance Highlights: Dime Community Bancshares' stock has surged over 53% in the past year, with Q1 earnings per share rising 67% year-over-year to $0.75 and net income reaching $32.8 million, showcasing robust profitability and loan growth.
- Expansion Strategy Implementation: Management highlighted an active recruitment effort for experienced bankers from competitors to support its expansion strategy, with plans to rebrand as Dime Commercial Bank later this year, further enhancing market share.
See More
Dime Commercial Bank Receives Positive Ratings Outlook
- Positive Ratings Outlook: Kroll Bond Rating Agency issued a 'Positive' ratings outlook for Dime Commercial Bank on June 16, 2026, reflecting management's successful execution of operational strategies, particularly in deposit gathering and loan portfolio diversification.
- Credit Rating Affirmation: The bank's deposit and senior unsecured debt ratings were affirmed at BBB+, indicating strong financial health that attracts investors and enhances market confidence.
- Significant Deposit Growth: Since 2023, Dime has generated over $3 billion in core deposits, significantly reducing non-core funding sources and materially enhancing balance sheet liquidity, thereby strengthening the company's funding and liquidity position.
- Effective Strategic Execution: CEO Stuart H. Lubow stated that receiving Kroll's positive ratings outlook will further support the company's market position and future growth potential as it continues to execute its growth plan.
See More
Dime Commercial Bank Rings Opening Bell at NYSE to Celebrate Rebranding
- Rebranding Celebration: Dime Commercial Bancshares, Inc. will hold a rebranding ceremony on June 2, 2026, marking the name change of its parent company to Dime Commercial Bank, reflecting the company's confidence and commitment to future growth.
- Opening Bell Ceremony: President and CEO Stuart H. Lubow will ring the Opening Bell at the New York Stock Exchange, symbolizing the company's leadership position in the Greater New York commercial banking sector and enhancing brand visibility.
- Asset Scale: Dime Commercial Bank currently manages approximately $15 billion in assets and holds the highest deposit market share in the Greater Long Island area, demonstrating its strong competitive position in the local market.
- Live Broadcast: The Opening Bell ceremony will be broadcast live at 9:29 AM Eastern Time on nyse.com/bell and NYSE social platforms, attracting attention from investors and the public, thereby enhancing the company's engagement with its clients.
See More
Dime Expands Williamsburg Footprint with New Lease
- New Lease Agreement: Dime has signed a lease to expand its operations in Williamsburg, taking over a prominent banking space previously occupied by Signature Bank, which underscores Dime's ongoing investment in Brooklyn and commitment to local businesses.
- Strategic Growth Initiative: The new location at 185 Broadway, set to open in the fourth quarter, aims to enhance Dime's ability to provide personalized and private banking services, thereby strengthening its competitive position in the market.
- Historical Significance: Founded in 1864, Dime has always been a key part of the Williamsburg community, and this expansion not only signifies business growth but also reflects its ongoing commitment to relationship banking and support for the businesses and families driving Brooklyn forward.
- Market Leadership: With approximately $15 billion in assets and the number one deposit market share on Greater Long Island, this expansion will further solidify Dime's leadership position in the local market and enhance its connection with the community.
See More
Dime Supports Annual Sunrise Walk-A-Thon for Children with Cancer
- Charity Event Support: Dime Commercial Bancshares, Inc. announced its continued support for the annual Sunrise Walk-A-Thon, which benefits children with cancer and their siblings, highlighting the company's commitment to social responsibility.
- Asset Scale: As the holding company for Dime Commercial Bank, Dime Commercial Bancshares, Inc. manages approximately $15 billion in assets, demonstrating its robust position in the financial market.
- Market Share Leadership: Dime holds the number one deposit market share in the Greater Long Island area, particularly excelling among commercial banks with less than $20 billion in assets in Kings, Queens, Nassau, and Suffolk counties, enhancing its competitive edge.
- Investor Relations: The company’s Chief Operating Officer and Chief Financial Officer, Avinash Reddy, provided contact information, indicating Dime's emphasis on transparency and investor communication, which further boosts market trust.
See More
Basswood Capital Management Indirectly Sells Shares
- Transaction Overview: Basswood Capital Management indirectly sold 44,402 shares through multiple open-market transactions from June 12 to June 16, 2026, generating approximately $1.76 million, indicating ongoing interest in Dime Community Bancshares.
- Ownership Proportion Analysis: The 44,402 shares sold represent 3% of Basswood's pre-transaction holdings, leaving it with 1,008,723 indirect shares and 317,662 direct shares post-sale, underscoring its significant stake in the company.
- Financial Performance Highlights: Dime Community Bancshares' stock price surged over 53% in the past year, with Q1 earnings per share rising 67% year-over-year to $0.75 and net income reaching $32.8 million, reflecting robust profitability and loan growth.
- Strategic Expansion Plans: Dime is actively recruiting experienced bankers to support its expansion strategy and plans to rebrand as Dime Commercial Bank later this year, further enhancing its market share and profitability.
See More
Basswood Capital Sells DCOM Shares for $1.76M
- Sale Overview: Basswood Capital sold 44,402 shares of DCOM through indirect ownership from June 12 to June 16, 2026, generating approximately $1.76 million at a weighted average price of $39.70 per share, indicating routine position management rather than a lack of confidence.
- Holding Proportion Change: This sale represented 3.24% of Basswood's holdings at the time, and despite this minor reduction, it remains one of Dime Community Bancshares' largest shareholders with over 1.3 million shares, reflecting ongoing confidence in the company.
- Financial Performance Highlights: Dime Community Bancshares' stock has surged over 53% in the past year, with Q1 earnings per share rising 67% year-over-year to $0.75 and net income reaching $32.8 million, showcasing robust profitability and loan growth.
- Expansion Strategy Implementation: Management highlighted an active recruitment effort for experienced bankers from competitors to support its expansion strategy, with plans to rebrand as Dime Commercial Bank later this year, further enhancing market share.
See More
Dime Commercial Bank Receives Positive Ratings Outlook
- Positive Ratings Outlook: Kroll Bond Rating Agency issued a 'Positive' ratings outlook for Dime Commercial Bank on June 16, 2026, reflecting management's successful execution of operational strategies, particularly in deposit gathering and loan portfolio diversification.
- Credit Rating Affirmation: The bank's deposit and senior unsecured debt ratings were affirmed at BBB+, indicating strong financial health that attracts investors and enhances market confidence.
- Significant Deposit Growth: Since 2023, Dime has generated over $3 billion in core deposits, significantly reducing non-core funding sources and materially enhancing balance sheet liquidity, thereby strengthening the company's funding and liquidity position.
- Effective Strategic Execution: CEO Stuart H. Lubow stated that receiving Kroll's positive ratings outlook will further support the company's market position and future growth potential as it continues to execute its growth plan.
See More
Dime Commercial Bank Rings Opening Bell at NYSE to Celebrate Rebranding
- Rebranding Celebration: Dime Commercial Bancshares, Inc. will hold a rebranding ceremony on June 2, 2026, marking the name change of its parent company to Dime Commercial Bank, reflecting the company's confidence and commitment to future growth.
- Opening Bell Ceremony: President and CEO Stuart H. Lubow will ring the Opening Bell at the New York Stock Exchange, symbolizing the company's leadership position in the Greater New York commercial banking sector and enhancing brand visibility.
- Asset Scale: Dime Commercial Bank currently manages approximately $15 billion in assets and holds the highest deposit market share in the Greater Long Island area, demonstrating its strong competitive position in the local market.
- Live Broadcast: The Opening Bell ceremony will be broadcast live at 9:29 AM Eastern Time on nyse.com/bell and NYSE social platforms, attracting attention from investors and the public, thereby enhancing the company's engagement with its clients.
See More
Dime Expands Williamsburg Footprint with New Lease
- New Lease Agreement: Dime has signed a lease to expand its operations in Williamsburg, taking over a prominent banking space previously occupied by Signature Bank, which underscores Dime's ongoing investment in Brooklyn and commitment to local businesses.
- Strategic Growth Initiative: The new location at 185 Broadway, set to open in the fourth quarter, aims to enhance Dime's ability to provide personalized and private banking services, thereby strengthening its competitive position in the market.
- Historical Significance: Founded in 1864, Dime has always been a key part of the Williamsburg community, and this expansion not only signifies business growth but also reflects its ongoing commitment to relationship banking and support for the businesses and families driving Brooklyn forward.
- Market Leadership: With approximately $15 billion in assets and the number one deposit market share on Greater Long Island, this expansion will further solidify Dime's leadership position in the local market and enhance its connection with the community.
See More
