BidaskClub upgraded shares of BSB Bancorp (NASDAQ:BLMT) from a strong sell rating to a sell rating in a research report released on Thursday, January 11th.
Shares of BSB Bancorp (BLMT) traded up $0.05 during midday trading on Thursday, reaching $31.00. 43,900 shares of the company traded hands, compared to its average volume of 12,215. BSB Bancorp has a fifty-two week low of $26.65 and a fifty-two week high of $32.15. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.32 and a quick ratio of 1.31. The firm has a market capitalization of $301.16, a price-to-earnings ratio of 18.24 and a beta of 0.41.
BSB Bancorp (NASDAQ:BLMT) last issued its earnings results on Thursday, October 19th. The bank reported $0.50 EPS for the quarter. BSB Bancorp had a net margin of 20.64% and a return on equity of 9.29%. The firm had revenue of $15.06 million during the quarter.
Several hedge funds have recently modified their holdings of BLMT. New York State Common Retirement Fund increased its position in shares of BSB Bancorp by 12.1% during the second quarter. New York State Common Retirement Fund now owns 8,300 shares of the bank’s stock worth $243,000 after acquiring an additional 899 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in BSB Bancorp by 7.2% in the second quarter. Parametric Portfolio Associates LLC now owns 8,715 shares of the bank’s stock valued at $255,000 after purchasing an additional 586 shares in the last quarter. Rhumbline Advisers bought a new position in BSB Bancorp in the second quarter valued at $262,000. Wells Fargo & Company MN grew its position in BSB Bancorp by 63.3% in the third quarter. Wells Fargo & Company MN now owns 9,534 shares of the bank’s stock valued at $285,000 after purchasing an additional 3,696 shares in the last quarter. Finally, First Trust Advisors LP bought a new position in BSB Bancorp in the second quarter valued at $444,000. 49.85% of the stock is owned by institutional investors.
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About BSB Bancorp
BSB Bancorp, Inc (BSB Bancorp) is a bank holding company of Belmont Savings Bank (the Bank). The Company’s Belmont Savings Bank is a chartered savings bank. The Bank’s business consists primarily of accepting deposits from the general public, small businesses and municipalities, and investing those deposits, together with funds generated from operations and borrowings, in one- to four-family residential mortgage loans, commercial real estate loans, multi-family real estate loans, home equity lines of credit, indirect automobile loans, commercial business loans, construction loans and investment securities.
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