{
  "id": 16817928,
  "title": "Basswood Capital Management, 10% owner, sells $4.5M of DCOM stock.",
  "url": "https://urgent.news/2026/10/27/basswood-capital-management-10-owner-sells-4-5m-of-dcom-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-27T23:31:22.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/basswood-capital-management-10-owner-sells-45m-of-dcom-stock-93CH-4977237"
  },
  "original_language": "en",
  "account": "Basswood Capital Management, a 10% owner and director of Dime Commercial Bancshares, sold $4.5 million worth of DCOM stock in late October 2026. The investment firm divested 106,159 shares of the company's common stock across transactions on October 23 and October 26. The shares were sold at prices between $42.68 and $43.05 per share. The sale occurred as the stock was trading near its 52-week high of $43.38, following a 60% return over the past year. Analysts suggest DCOM may be overvalued relative to its Fair Value, which could have prompted the selling decision. Despite the sale, Basswood Capital Management retains shares of Dime Commercial Bancshares, both directly and indirectly, according to their filing on October 27, 2026. Investors can find a detailed Pro Research Report on DCOM's valuation and financial health. Recently, Dime Community Bancshares reported third-quarter 2026 earnings surpassing expectations, with earnings per share of $0.91 and revenue of $135.35 million, marking a record for the company. DA Davidson raised its price target for Dime Community to $50.00, maintaining a Buy rating, and attributed the growth to the bank's transition to a more profitable commercial bank.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}