BSB Bancorp (BLMT) Hits New 12-Month High and Low at $33.75

BSB Bancorp (NASDAQ:BLMT)’s share price reached a new 52-week high and low during trading on Friday . The stock traded as low as $33.75 and last traded at $33.48, with a volume of 4766 shares trading hands. The stock had previously closed at $33.45.

Separately, BidaskClub upgraded BSB Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 27th.

The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 3.61. The stock has a market cap of $327.84 million, a P/E ratio of 16.18 and a beta of 0.40.

BSB Bancorp (NASDAQ:BLMT) last posted its earnings results on Thursday, April 19th. The bank reported $0.64 EPS for the quarter. The firm 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 related news, insider Robert M. Mahoney acquired 3,174 shares of the stock in a transaction dated Tuesday, February 20th. The stock was bought at an average cost of $29.83 per share, for a total transaction of $94,680.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Y. Downs sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of $32.73, for a total value of $130,920.00. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 5,993 shares of company stock valued at $179,723 and sold 15,300 shares valued at $478,110. 14.35% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Banc Funds Co. LLC raised its position in shares of BSB Bancorp by 0.5% during the fourth quarter. Banc Funds Co. LLC now owns 941,460 shares of the bank’s stock worth $27,538,000 after acquiring an additional 5,000 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of BSB Bancorp by 1.5% during the first quarter. The Manufacturers Life Insurance Company now owns 470,055 shares of the bank’s stock worth $14,383,000 after acquiring an additional 6,813 shares during the last quarter. BlackRock Inc. raised its position in shares of BSB Bancorp by 1.4% during the fourth quarter. BlackRock Inc. now owns 401,197 shares of the bank’s stock worth $11,734,000 after acquiring an additional 5,573 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of BSB Bancorp by 5.5% during the fourth quarter. Renaissance Technologies LLC now owns 275,660 shares of the bank’s stock worth $8,063,000 after acquiring an additional 14,460 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of BSB Bancorp by 23.1% during the first quarter. Dimensional Fund Advisors LP now owns 106,257 shares of the bank’s stock worth $3,251,000 after acquiring an additional 19,915 shares during the last quarter. Institutional investors own 48.22% of the company’s stock.

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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