Shares of BSB Bancorp (NASDAQ:BLMT) reached a new 52-week high and low during mid-day trading on Friday . The stock traded as low as $33.75 and last traded at $33.48, with a volume of 4766 shares. The stock had previously closed at $33.45.
Separately, BidaskClub upgraded shares of BSB Bancorp from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 6th.
The company has a debt-to-equity ratio of 3.61, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $324.92 million, a price-to-earnings ratio of 16.03 and a beta of 0.40.
BSB Bancorp (NASDAQ:BLMT) last posted its quarterly earnings data on Thursday, April 19th. The bank reported $0.64 earnings per share for the quarter. The firm had revenue of $16.03 million for the quarter. BSB Bancorp had a net margin of 19.46% and a return on equity of 10.94%.
In related news, CEO Robert M. Mahoney acquired 1,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were purchased at an average price of $30.00 per share, for a total transaction of $30,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Christopher Y. Downs sold 4,000 shares of the firm’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $30.46, for a total transaction of $121,840.00. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 5,993 shares of company stock worth $179,723 and have sold 15,300 shares worth $478,110. Company insiders own 14.35% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its holdings in shares of BSB Bancorp by 1.5% during the 1st quarter. The Manufacturers Life Insurance Company now owns 470,055 shares of the bank’s stock valued at $14,383,000 after purchasing an additional 6,813 shares during the last quarter. MetLife Investment Advisors LLC grew its holdings in shares of BSB Bancorp by 100.0% during the 1st quarter. MetLife Investment Advisors LLC now owns 8,590 shares of the bank’s stock valued at $263,000 after purchasing an additional 4,295 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings 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 valued at $3,251,000 after purchasing an additional 19,915 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of 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 purchasing an additional 13,558 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of 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 purchasing an additional 14,460 shares during the last quarter. 48.22% of the stock is currently owned by institutional investors.
BSB Bancorp Company Profile
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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