Insider Selling: BSB Bancorp Inc (BLMT) Director Sells 360 Shares of Stock

BSB Bancorp Inc (NASDAQ:BLMT) Director Richard J. Fougere sold 360 shares of BSB Bancorp stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $29.00, for a total value of $10,440.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Richard J. Fougere also recently made the following trade(s):

  • On Monday, October 1st, Richard J. Fougere sold 500 shares of BSB Bancorp stock. The stock was sold at an average price of $32.50, for a total value of $16,250.00.
  • On Tuesday, September 4th, Richard J. Fougere sold 500 shares of BSB Bancorp stock. The stock was sold at an average price of $33.20, for a total value of $16,600.00.

NASDAQ:BLMT opened at $28.81 on Friday. BSB Bancorp Inc has a fifty-two week low of $27.55 and a fifty-two week high of $36.50. The company has a current ratio of 1.45, a quick ratio of 1.44 and a debt-to-equity ratio of 4.49. The stock has a market cap of $280.94 million, a PE ratio of 11.71 and a beta of 0.53.

BSB Bancorp (NASDAQ:BLMT) last released its earnings results on Thursday, October 18th. The bank reported $0.66 EPS for the quarter. BSB Bancorp had a return on equity of 12.48% and a net margin of 20.85%. The firm had revenue of $16.55 million for the quarter.

Separately, BidaskClub upgraded BSB Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th.

Several institutional investors have recently made changes to their positions in BLMT. Dimensional Fund Advisors LP raised its stake in shares of BSB Bancorp by 23.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 106,257 shares of the bank’s stock worth $3,251,000 after purchasing an additional 19,915 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of BSB Bancorp by 18.4% during the 2nd quarter. First Trust Advisors LP now owns 9,716 shares of the bank’s stock worth $334,000 after acquiring an additional 1,510 shares during the last quarter. Catalyst Capital Advisors LLC increased its holdings in shares of BSB Bancorp by 826.9% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 24,100 shares of the bank’s stock worth $829,000 after acquiring an additional 21,500 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of BSB Bancorp by 15.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 17,658 shares of the bank’s stock worth $608,000 after acquiring an additional 2,391 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of BSB Bancorp during the 2nd quarter worth approximately $268,000. Institutional investors own 49.53% of the company’s stock.

About BSB Bancorp

BSB Bancorp, Inc operates as the holding company for Belmont Savings Bank that provides commercial and retail banking services to small businesses, municipalities, nonprofit organizations, and other customers in the United States. Its deposit products include relationship checking accounts for consumers and businesses, passbook and statement savings accounts, certificates of deposit, money market accounts, interest on lawyer trust accounts, and individual retirement accounts, as well as commercial, municipal, and regular checking accounts.

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Insider Buying and Selling by Quarter for BSB Bancorp (NASDAQ:BLMT)

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