BidaskClub upgraded shares of BSB Bancorp (NASDAQ:BLMT) from a hold rating to a buy rating in a report released on Saturday, June 23rd.
Shares of NASDAQ BLMT opened at $34.40 on Friday. The company has a market cap of $340.50 million, a price-to-earnings ratio of 16.80 and a beta of 0.42. BSB Bancorp has a one year low of $27.25 and a one year high of $36.50. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 3.61.
BSB Bancorp (NASDAQ:BLMT) last announced its quarterly earnings results on Thursday, April 19th. The bank reported $0.64 EPS for the quarter. The company had revenue of $16.03 million during the quarter. BSB Bancorp had a return on equity of 10.94% and a net margin of 19.46%.
In other news, insider Christopher Y. Downs sold 4,000 shares of the firm’s stock in a transaction on Monday, April 9th. The stock was sold at an average price of $30.76, for a total transaction of $123,040.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 11,300 shares of company stock valued at $360,375 over the last 90 days. Corporate insiders own 14.35% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its holdings in BSB Bancorp by 33.2% in the 4th quarter. Wells Fargo & Company MN now owns 12,698 shares of the bank’s stock worth $371,000 after buying an additional 3,164 shares in the last quarter. SG Americas Securities LLC bought a new stake in BSB Bancorp in the 4th quarter worth about $106,000. MetLife Investment Advisors LLC purchased a new position in BSB Bancorp in the fourth quarter worth about $126,000. Banc Funds Co. LLC boosted its position in BSB Bancorp by 0.5% in the fourth quarter. Banc Funds Co. LLC now owns 941,460 shares of the bank’s stock worth $27,538,000 after purchasing an additional 5,000 shares during the last quarter. Finally, BlackRock Inc. boosted its position in BSB Bancorp by 1.4% in the fourth quarter. BlackRock Inc. now owns 401,197 shares of the bank’s stock worth $11,734,000 after purchasing an additional 5,573 shares during the last quarter. Institutional investors own 48.64% 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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