Basswood Financial Long Only Fund, L.P. has filed a Form 144 to sell 992 shares of Dime Community Bancshares, Inc. This filing, dated October 27, 2026, is significant as it reflects the fund's ongoing transactions and strategies within the financial sector.

Background

Basswood Financial Long Only Fund, L.P. is a limited partnership based in Delaware. The fund is a part of the investment management industry, focusing on long-only investment strategies. Its recent filings include a Form 4 on the same date, indicating active trading and management of its portfolio.

What the Filing Says

The filing states that Basswood Financial Long Only Fund intends to sell 992 shares of Dime Community Bancshares, Inc., with an aggregate market value of approximately $42,587. The shares are part of the common stock class and were acquired through open market purchases.

Impact

This sale may impact both Basswood Financial and Dime Community Bancshares, as it reflects strategic decisions by the fund's management team, led by Marc Samit, Principal and Chief Operating Officer. The transaction may also influence investor perceptions within the national commercial banking sector, where Dime Community Bancshares operates.

What's Next

The filing does not say what happens next.

Details of the Transaction

The shares being sold by Basswood Financial Long Only Fund were acquired on February 3, 2014, through open market purchases and/or transfers from affiliates. The total number of shares acquired by the fund since that date amounts to 21,904 shares, indicating a long-term investment strategy in Dime Community Bancshares.

Recent Sales Activity

In addition to the current filing, Basswood Financial Long Only Fund has been active in selling shares of Dime Community Bancshares over the past three months. Notably, the fund sold 8,571 shares on October 23, 2026, for gross proceeds of approximately $365,810.28, and 807 shares on October 26, 2026, for about $34,741.35. This recent activity suggests a strategic approach to managing their holdings in response to market conditions.

Broker Information

The transaction will be executed through Keefe, Bruyette & Woods, Inc., a well-known broker-dealer specializing in the financial services sector, indicating a professional approach to the sale of these shares.

Outstanding Shares

The filing notes that there are 44,156,595 shares of Dime Community Bancshares' common stock outstanding as of July 24, 2026. This figure is crucial for understanding the relative size of the fund's transaction in the context of the overall market for Dime Community Bancshares.

Conclusion

While the filing provides detailed information about the shares being sold and the fund's recent activities, it does not include any specific future plans or strategies regarding the remaining shares held by Basswood Financial Long Only Fund in Dime Community Bancshares.