Basswood Financial Long Only Fund, L.P. has recently filed a Form 4/A with the SEC, detailing a transaction involving the sale of shares in Dime Commercial Bancshares, Inc. This filing, dated November 2, 2026, signifies a strategic adjustment in the fund's investment portfolio.

The sale of 12,926 shares occurred on October 27, 2026, at a price of $42.51 per share, bringing the total value of the transaction to approximately $549,000. Following this transaction, Basswood Financial Long Only Fund, L.P. retains ownership of 854,905 shares of Dime Commercial Bancshares, Inc.

Background

Basswood Financial Long Only Fund, L.P. is a Delaware-based investment fund that operates under the management of Basswood Capital Management, L.L.C. The fund primarily focuses on long-term equity investments. The recent filing is part of a series of submissions made by the firm, indicating ongoing activity in the management of its investment portfolio.

What the Filing Says

The filing states, "This amendment to Form 4 is being filed solely to correct Exhibit 99.3 (Joint Filers' Signatures) and the name of the Issuer in the Reporting Persons' original Form 4 filed on October 29, 2026." It also clarifies that the transaction reported is duplicative and is included to enable access to the EDGAR filing system.

Impact

This transaction may impact various stakeholders, including investors in Dime Commercial Bancshares, Inc., as well as other funds managed by Basswood Capital Management, L.L.C. The adjustments made by Basswood Financial Long Only Fund, L.P. reflect broader trends in the investment management industry, where firms continuously reassess their holdings in response to market conditions.

What's Next

The filing does not say what happens next.