{
  "id": 5200880,
  "title": "Basswood Capital, a Dime commercial Bancshares director, sells $3.46m",
  "url": "https://urgent.news/2026/09/02/basswood-capital-a-dime-commercial-bancshares-director-sells-3-46m",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T23:16:07.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/basswood-capital-a-dime-commercial-bancshares-director-sells-346m-93CH-4886869"
  },
  "original_language": "en",
  "account": "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.",
  "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."
}