BSB Bancorp (BLMT) Hits New 1-Year High and Low at $32.65

BSB Bancorp Inc (NASDAQ:BLMT)’s share price reached a new 52-week high and low during trading on Tuesday . The stock traded as low as $32.65 and last traded at $32.75, with a volume of 3643 shares traded. The stock had previously closed at $32.30.

Separately, BidaskClub downgraded shares of BSB Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st.

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 firm has a market capitalization of $310.75, a P/E ratio of 15.34 and a beta of 0.40.

BSB Bancorp (NASDAQ:BLMT) last released its earnings results on Thursday, April 19th. The bank reported $0.64 EPS for the quarter. BSB Bancorp had a net margin of 19.46% and a return on equity of 11.09%. The firm had revenue of $16.03 million for the quarter.

In related news, insider Robert M. Mahoney bought 3,174 shares of the stock in a transaction dated Tuesday, February 20th. The shares were purchased at an average price of $29.83 per share, with a total value of $94,680.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Y. Downs sold 4,000 shares of the business’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 disclosure for this sale can be found here. In the last three months, insiders bought 8,167 shares of company stock worth $244,400 and sold 11,300 shares worth $344,234. 14.64% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in BLMT. Renaissance Technologies LLC increased its position in BSB Bancorp by 5.5% in the fourth quarter. Renaissance Technologies LLC now owns 275,660 shares of the bank’s stock worth $8,063,000 after purchasing an additional 14,460 shares during the last quarter. Deutsche Bank AG increased its position in BSB Bancorp by 88.0% in the fourth quarter. Deutsche Bank AG now owns 28,965 shares of the bank’s stock worth $845,000 after purchasing an additional 13,558 shares during the last quarter. Martingale Asset Management L P bought a new stake in BSB Bancorp in the fourth quarter worth $337,000. Dimensional Fund Advisors LP increased its position in BSB Bancorp by 16.9% in the third quarter. Dimensional Fund Advisors LP now owns 68,910 shares of the bank’s stock worth $2,064,000 after purchasing an additional 9,957 shares during the last quarter. Finally, BlackRock Inc. increased 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 48.25% of the company’s stock.

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BSB Bancorp Company Profile

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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