Basswood Capital Management's recent Form 4 filings show a firm that is selling heavily in two regional bank positions while receiving new share grants. Over the tracked period, the firm reported 172 transactions across just two companies, with total open-market sales of $19.48 million against open-market purchases of $5.89 million. The buying side is almost entirely absent from the recent window: the last 23 trades are all sales, and there have been zero open-market purchases in that stretch.
The selling has concentrated in Dime Community Bancshares (DCOM). Between July 31 and August 13, 2026, Basswood filed 23 sale transactions in DCOM, ranging from small lots of roughly $1,800 to a single sale of $1.25 million on July 31. The largest cluster came on August 12 and 13, when sales of $536,494, $532,439, $214,630, and $119,314 appeared alongside several smaller prints. The firm also sold DCOM shares on August 3 and August 11, with individual transactions reaching $613,721 and $348,830. In total, the DCOM sales in this window exceed $4.9 million.
The second position, Regional Management Corp. (RM), shows a different pattern. Basswood received two grants of RM stock in early September 2026, valued at $786,588 and $129,479. Those are compensation awards, not purchases. The only RM sale in the recent data was a small $36,682 disposition on September 1. Across all filings, acquired shares (grants and exercises) totaled $1.75 million, a fraction of the sell volume. The direction is consistent: Basswood is reducing its cash exposure in DCOM while holding RM, with no recent open-market buying in either name.
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