Form 4: Basswood Capital Management Reports Transaction in Dime Community Bancshares
SEC Form 4 Filing
Basswood Capital Management and related entities report a transaction in Dime Community Bancshares common stock, along with their beneficial ownership positions.
Summary
- Basswood Capital Management, L.L.C. and related entities, including Matthew Lindenbaum, Bennett Lindenbaum, Basswood Partners, L.L.C., and Basswood Strategic Financial Fund, LP, filed a Form 4 regarding a transaction in Dime Community Bancshares, Inc. (DCOM) common stock on February 14, 2025.
- The filing reports the purchase of 186 shares of common stock at a price of $31.01 per share.
- The filing also details the beneficial ownership of common stock held directly by various Basswood-related entities, including Basswood Strategic Financial Fund, LP (1,545 shares), Basswood Financial Long Only Fund, LP (37,147 shares), certain separate Managed Accounts managed by BCM (1,044,221 shares), Basswood Opportunity Partners, LP (494,874 shares), Basswood Financial Fund, Ltd. (7,905 shares), and Basswood Financial Fund, LP (156,654 shares).
- Bennett Lindenbaum directly holds 138,282 shares, and Matthew Lindenbaum directly holds 177,515 shares, including 1,848 shares underlying restricted stock unit awards.
- Matthew Lindenbaum serves on the board of directors of Dime Community Bancshares as a representative of the Reporting Persons, making them directors-by-deputization.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders and significant shareholders, providing transparency to the market regarding their investment activities.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the investment activities of a significant shareholder, Basswood Capital Management.
Key Dates
| Date | Description |
|---|---|
| 02/14/2025 | Date of transaction requiring statement (purchase of shares) |
| 02/19/2025 | Date of filing |
Keywords
Form 4, Dime Community Bancshares, Basswood Capital Management, Beneficial Ownership, DCOM, Transaction
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