BSB Bancorp (BLMT) Lifted to Hold at BidaskClub

BSB Bancorp (NASDAQ:BLMT) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Shares of BSB Bancorp (BLMT) opened at $30.85 on Thursday. The company has a quick ratio of 1.31, a current ratio of 1.32 and a debt-to-equity ratio of 3.36. The stock has a market capitalization of $299.70, a PE ratio of 16.77 and a beta of 0.41. BSB Bancorp has a 12 month low of $26.65 and a 12 month high of $32.15.

In other BSB Bancorp news, CEO Robert M. Mahoney bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were bought at an average cost of $30.00 per share, with a total value of $30,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders purchased 6,348 shares of company stock worth $189,357 and sold 2,100 shares worth $62,999. 14.64% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC bought a new stake in BSB Bancorp during the 4th quarter valued at approximately $126,000. Deutsche Bank AG boosted its position in BSB Bancorp by 88.0% during the 4th quarter. Deutsche Bank AG now owns 28,965 shares of the bank’s stock valued at $845,000 after acquiring an additional 13,558 shares in the last quarter. Renaissance Technologies LLC boosted its position in BSB Bancorp by 5.5% during the 4th quarter. Renaissance Technologies LLC now owns 275,660 shares of the bank’s stock valued at $8,063,000 after acquiring an additional 14,460 shares in the last quarter. Banc Funds Co. LLC boosted its position in BSB Bancorp by 0.5% during the 4th quarter. Banc Funds Co. LLC now owns 941,460 shares of the bank’s stock valued at $27,538,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Martingale Asset Management L P bought a new stake in BSB Bancorp during the 4th quarter valued at approximately $337,000. 50.52% of the stock is currently owned by institutional investors and hedge funds.

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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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