BidaskClub upgraded shares of BSB Bancorp (NASDAQ:BLMT) from a strong sell rating to a sell rating in a research report report published on Tuesday morning.
BSB Bancorp (NASDAQ BLMT) opened at $29.90 on Tuesday. The stock has a market cap of $283.67, a P/E ratio of 17.18 and a beta of 0.41. BSB Bancorp has a 52 week low of $26.65 and a 52 week high of $32.15. The company has a quick ratio of 1.31, a current ratio of 1.32 and a debt-to-equity ratio of 3.36.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC lifted its stake in shares of BSB Bancorp by 7.2% in the second quarter. Parametric Portfolio Associates LLC now owns 8,715 shares of the bank’s stock worth $255,000 after buying an additional 586 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of BSB Bancorp by 12.1% in the second quarter. New York State Common Retirement Fund now owns 8,300 shares of the bank’s stock worth $243,000 after buying an additional 899 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of BSB Bancorp in the fourth quarter worth approximately $106,000. Wells Fargo & Company MN lifted its stake in shares of BSB Bancorp by 63.3% in the third 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 in the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of BSB Bancorp by 25.8% in the third quarter. First Trust Advisors LP now owns 19,101 shares of the bank’s stock worth $572,000 after buying an additional 3,917 shares in the last quarter. Hedge funds and other institutional investors own 49.94% of the company’s stock.
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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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