Basswood Capital, a Dime commercial Bancshares director, sells $3.46m

Basswood Capital Management, L.L.C., a director and 10% owner of Dime Commercial Bancshares Inc., sold approximately $3.46 million worth of the company's common stock between July 30 and August 3, 2026. The firm sold 84,616 shares at prices ranging from $40.76 to $41.17 per share. Despite the stock's 37% year-to-date return and its proximity to a 52-week high of $41.97, InvestingPro's analysis suggests the stock is overvalued.

Despite the sale, the company maintains a 30-year dividend payment history, yielding 2.48%. Basswood Capital Management continues to own a significant indirect beneficial stake in Dime Commercial Bancshares, as confirmed in a recent SEC filing. The firm's performance is highlighted in InvestingPro's Pro Research Report, one of 1,400+ US equities examined with expert insights.

Meanwhile, Dime Commercial Bancshares announced record second-quarter 2026 revenue of $126 million, exceeding expectations, and reported core earnings per share of $0.79, a 23% year-over-year increase.