The filing signals that Basswood, a director and significant shareholder, intends to sell its entire stake. This is a massive potential overhang on the stock. Monitor for actual sales on Form 4 and any public statement from Basswood or the company regarding the reason for the exit.
Price Chart
Executive Summary
Basswood Opportunity Partners, L.P., a director of Dime Community Bancshares, filed a Form 144 notice of intent to sell up to 44,156,595 shares of common stock, with an aggregate market value of approximately $1.89 billion based on the October 23, 2026 closing price of $42.73. The shares were acquired through open market purchases and affiliate transfers from August 2014 through November 2025. The proposed sale represents a substantial portion of the company's $1.9 billion market cap, signaling a potential major reduction in Basswood's stake.
Key Facts
- Basswood Opportunity Partners, L.P. filed Form 144 to sell up to 44,156,595 shares of DCOM common stock.
- Aggregate market value of the proposed sale is approximately $1.89 billion based on a $42.73 closing price on October 23, 2026.
- The shares were acquired through open market purchases and affiliate transfers from August 2014 through November 2025.
- The proposed sale amount is roughly equal to the company's entire $1.9 billion market cap.
- Basswood is a director of the company and its investment manager is Basswood Capital Management L.L.C.
Financial Impact
Proposed sale of up to 44,156,595 shares valued at approximately $1.89 billion, representing essentially the entire market capitalization of DCOM.
Risk Factors
- Potential complete exit by a director and major shareholder could pressure the stock price.
- The sheer size of the proposed sale relative to market cap may create significant downward price pressure if executed.
- Lack of context on why Basswood is selling could indicate negative private information or a strategic shift.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0000899140-26-001143 |
| Document: 0000899140-26-001143-index.html | 0000899140-26-001143 |
| Document: 0000899140-26-001143.txt | 0000899140-26-001143 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 144 | $42.93 | awaiting T+5 | — | $42.52 (−0.96%) |
Oct 26, 2026 1d ago | 144 | $42.93 | awaiting T+5 | — | $42.52 (−0.96%) |
Oct 26, 2026 1d ago | 144 | $42.93 | awaiting T+5 | — | $42.52 (−0.96%) |
Oct 26, 2026 1d ago | 144 | $42.93 | awaiting T+5 | — | $42.52 (−0.96%) |
Oct 26, 2026 1d ago | 144 | $42.93 | awaiting T+5 | — | $42.52 (−0.96%) |
Oct 26, 2026 1d ago | 144 | $42.93 | awaiting T+5 | — | $42.52 (+0.96%) |
Oct 22, 2026 5d ago | 8-K | $42.73 | awaiting T+5 | — | $42.52 (−0.49%) |
Oct 20, 2026 7d ago | 425 | $41.01 $42.68 | ▲ +4.07% | ▲ +4.05% | $42.52 (+3.68%) |
Oct 20, 2026 7d ago | 8-K | $41.01 $42.68 | ▲ +4.07% | ▲ +4.05% | $42.52 (+3.68%) |
Oct 20, 2026 7d ago | 8-K | $41.01 $42.68 | ▲ +4.07% | ▲ +4.05% | $42.52 (+3.68%) |
US Market Status
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