BidaskClub Lowers BSB Bancorp (BLMT) to Sell

BidaskClub lowered shares of BSB Bancorp (NASDAQ:BLMT) from a hold rating to a sell rating in a research note released on Saturday morning.

BSB Bancorp (NASDAQ BLMT) opened at $29.75 on Friday. BSB Bancorp has a 52 week low of $26.65 and a 52 week high of $32.15. The stock has a market capitalization of $292.90, a price-to-earnings ratio of 17.74 and a beta of 0.40. The company has a quick ratio of 1.31, a current ratio of 1.32 and a debt-to-equity ratio of 3.36.

BSB Bancorp (NASDAQ:BLMT) last released its quarterly earnings results on Thursday, October 19th. The bank reported $0.50 earnings per share (EPS) for the quarter. BSB Bancorp had a return on equity of 9.29% and a net margin of 20.64%. The company had revenue of $15.06 million during the quarter.

Several large investors have recently added to or reduced their stakes in the company. Banc Funds Co. LLC grew its stake in shares of BSB Bancorp by 10.4% in the second quarter. Banc Funds Co. LLC now owns 899,860 shares of the bank’s stock worth $26,321,000 after purchasing an additional 84,977 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in BSB Bancorp by 3.1% during the second quarter. The Manufacturers Life Insurance Company now owns 463,003 shares of the bank’s stock valued at $13,543,000 after buying an additional 13,728 shares in the last quarter. Vanguard Group Inc. boosted its stake in BSB Bancorp by 4.9% during the second quarter. Vanguard Group Inc. now owns 315,282 shares of the bank’s stock valued at $9,222,000 after buying an additional 14,614 shares in the last quarter. State Street Corp boosted its stake in BSB Bancorp by 26.5% during the second quarter. State Street Corp now owns 175,622 shares of the bank’s stock valued at $5,139,000 after buying an additional 36,833 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in BSB Bancorp by 9.1% during the second quarter. Northern Trust Corp now owns 97,296 shares of the bank’s stock valued at $2,846,000 after buying an additional 8,102 shares in the last quarter. 49.85% of the stock is owned by institutional investors.

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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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