BSB Bancorp (BLMT) Raised to “Buy” at BidaskClub

BidaskClub upgraded shares of BSB Bancorp (NASDAQ:BLMT) from a hold rating to a buy rating in a report issued on Friday morning.

Shares of NASDAQ:BLMT opened at $30.95 on Friday. The firm has a market capitalization of $304.68, a PE ratio of 16.98 and a beta of 0.40. BSB Bancorp has a one year low of $27.25 and a one year high of $32.15. The company has a debt-to-equity ratio of 4.08, a quick ratio of 1.38 and a current ratio of 1.38.

BSB Bancorp (NASDAQ:BLMT) last issued its quarterly earnings results on Thursday, February 8th. The bank reported $0.51 EPS for the quarter. The firm had revenue of $15.82 million for the quarter. BSB Bancorp had a net margin of 17.81% and a return on equity of 9.89%.



In related news, CEO Robert M. Mahoney purchased 2,174 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were purchased at an average price of $29.75 per share, with a total value of $64,676.50. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Christopher Y. Downs sold 4,000 shares of the 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. 13.17% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of BLMT. Wells Fargo & Company MN increased its holdings in shares of BSB Bancorp by 63.3% in the 3rd quarter. Wells Fargo & Company MN now owns 9,534 shares of the bank’s stock worth $285,000 after buying an additional 3,696 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of BSB Bancorp by 16.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 68,910 shares of the bank’s stock valued at $2,064,000 after purchasing an additional 9,957 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of BSB Bancorp during the 4th quarter valued at $106,000. Bessemer Group Inc. bought a new position in shares of BSB Bancorp during the 4th quarter valued at $155,000. Finally, BlackRock Inc. grew its holdings in shares of BSB Bancorp by 1.4% during the 4th quarter. BlackRock Inc. now owns 401,197 shares of the bank’s stock valued at $11,734,000 after purchasing an additional 5,573 shares during the last quarter. 48.19% of the stock is currently owned by hedge funds and other 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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