BSB Bancorp Inc (NASDAQ:BLMT) insider Christopher Y. Downs sold 4,000 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $30.46, for a total value of $121,840.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of BLMT stock opened at $30.85 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 4.08. The stock has a market capitalization of $298.35, a PE ratio of 16.63 and a beta of 0.40. BSB Bancorp Inc has a fifty-two week low of $27.25 and a fifty-two week high of $32.15.
BSB Bancorp (NASDAQ:BLMT) last announced its quarterly earnings data on Thursday, February 8th. The bank reported $0.51 earnings per share for the quarter. The business had revenue of $15.82 million for the quarter. BSB Bancorp had a return on equity of 9.89% and a net margin of 17.81%.
Separately, BidaskClub raised BSB Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 6th.
Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of BSB Bancorp in the fourth quarter valued at about $106,000. MetLife Investment Advisors LLC acquired a new position in shares of BSB Bancorp in the fourth quarter valued at about $126,000. Bessemer Group Inc. acquired a new position in shares of BSB Bancorp in the fourth quarter valued at about $155,000. New York State Common Retirement Fund increased its holdings in shares of BSB Bancorp by 12.1% in the second quarter. New York State Common Retirement Fund now owns 8,300 shares of the bank’s stock valued at $243,000 after purchasing an additional 899 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of 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 during the period. 48.19% 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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