BSB Bancorp, Inc. (NASDAQ:BLMT) Director John A. Whittemore sold 17,714 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $29.21, for a total transaction of $517,425.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
BSB Bancorp, Inc. (BLMT) opened at 28.20 on Friday. BSB Bancorp, Inc. has a 12-month low of $22.51 and a 12-month high of $30.75. The company has a 50-day moving average of $28.99 and a 200 day moving average of $28.69. The company has a market capitalization of $246.86 million, a P/E ratio of 18.18 and a beta of 0.39.
BSB Bancorp (NASDAQ:BLMT) last announced its earnings results on Thursday, July 20th. The bank reported $0.43 EPS for the quarter. BSB Bancorp had a net margin of 19.87% and a return on equity of 8.69%. The business had revenue of $14.94 million during the quarter.
Hedge funds have recently made changes to their positions in the stock. Banc Funds Co. LLC boosted 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 buying an additional 84,977 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of BSB Bancorp by 3.1% in the second quarter. The Manufacturers Life Insurance Company now owns 463,003 shares of the bank’s stock worth $13,543,000 after buying an additional 13,728 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of BSB Bancorp by 4.9% in the second quarter. Vanguard Group Inc. now owns 315,282 shares of the bank’s stock worth $9,222,000 after buying an additional 14,614 shares in the last quarter. State Street Corp boosted its stake in shares of BSB Bancorp by 26.5% in the second quarter. State Street Corp now owns 175,622 shares of the bank’s stock worth $5,139,000 after buying an additional 36,833 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of BSB Bancorp by 9.1% in the second quarter. Northern Trust Corp now owns 97,296 shares of the bank’s stock worth $2,846,000 after buying an additional 8,102 shares in the last quarter. 47.60% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub downgraded shares of BSB Bancorp from a “sell” rating to a “strong sell” rating in a report on Saturday, August 5th.
About BSB Bancorp
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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