BSB Bancorp Inc (NASDAQ:BLMT) Director Sells $20,100.00 in Stock

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BSB Bancorp Inc (NASDAQ:BLMT) Director John W. Gahan III sold 600 shares of BSB Bancorp stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $33.50, for a total value of $20,100.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

John W. Gahan III also recently made the following trade(s):

  • On Monday, May 7th, John W. Gahan III sold 600 shares of BSB Bancorp stock. The stock was sold at an average price of $32.30, for a total value of $19,380.00.
  • On Monday, April 9th, John W. Gahan III sold 600 shares of BSB Bancorp stock. The stock was sold at an average price of $30.80, for a total value of $18,480.00.

Shares of BSB Bancorp traded up $0.45, hitting $35.85, during trading hours on Friday, according to MarketBeat Ratings. The company had a trading volume of 3,146 shares, compared to its average volume of 8,557. BSB Bancorp Inc has a 52-week low of $27.25 and a 52-week high of $36.50. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 3.61. The company has a market cap of $343.91 million, a P/E ratio of 16.97 and a beta of 0.42.

BSB Bancorp (NASDAQ:BLMT) last announced its quarterly earnings data on Thursday, April 19th. The bank reported $0.64 EPS for the quarter. The company 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%.

Several hedge funds and other institutional investors have recently bought and sold shares of BLMT. SG Americas Securities LLC purchased a new position in shares of BSB Bancorp in the 4th quarter valued at $106,000. MetLife Investment Advisors LLC acquired a new stake in BSB Bancorp during the 4th quarter worth $126,000. Bessemer Group Inc. acquired a new stake in BSB Bancorp during the 4th quarter worth $155,000. Martingale Asset Management L P acquired a new stake in BSB Bancorp during the 4th quarter worth $337,000. Finally, Wells Fargo & Company MN lifted its stake in shares of BSB Bancorp by 33.2% in the 4th quarter. Wells Fargo & Company MN now owns 12,698 shares of the bank’s stock worth $371,000 after acquiring an additional 3,164 shares during the period. 48.64% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub downgraded BSB Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, June 7th.

About BSB Bancorp

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.

Insider Buying and Selling by Quarter for BSB Bancorp (NASDAQ:BLMT)

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