BSB Bancorp (NASDAQ:BLMT)’s share price reached a new 52-week high and low during mid-day trading on Monday . The company traded as low as $33.80 and last traded at $33.75, with a volume of 473 shares changing hands. The stock had previously closed at $33.65.
Separately, BidaskClub cut BSB Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st.
The company has a debt-to-equity ratio of 3.61, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a market cap of $329.30 million, a PE ratio of 16.25 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 (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 BSB Bancorp news, insider Christopher Y. Downs sold 4,000 shares of BSB Bancorp 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert M. Mahoney bought 1,819 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were purchased at an average cost of $30.26 per share, with a total value of $55,042.94. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 15,300 shares of company stock valued at $478,110. 14.35% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its position in 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 in the last quarter. MetLife Investment Advisors LLC raised its position in 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 in the last quarter. Dimensional Fund Advisors LP raised its position in 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 in the last quarter. Deutsche Bank AG raised 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 purchasing an additional 13,558 shares in the last quarter. Finally, Renaissance Technologies LLC raised 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 purchasing an additional 14,460 shares in the last quarter. 48.62% of the stock is owned by institutional investors and hedge funds.
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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