BlackRock Inc. lifted its holdings in shares of BSB Bancorp Inc (NASDAQ:BLMT) by 8.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429,588 shares of the bank’s stock after purchasing an additional 32,138 shares during the period. BlackRock Inc. owned 4.41% of BSB Bancorp worth $14,778,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in BLMT. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in BSB Bancorp during the 2nd quarter valued at about $268,000. Schwab Charles Investment Management Inc. grew its stake in BSB Bancorp by 15.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 17,658 shares of the bank’s stock valued at $608,000 after acquiring an additional 2,391 shares in the last quarter. Catalyst Capital Advisors LLC grew its stake in BSB Bancorp by 826.9% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 24,100 shares of the bank’s stock valued at $829,000 after acquiring an additional 21,500 shares in the last quarter. First Trust Advisors LP grew its stake in BSB Bancorp by 18.4% during the 2nd quarter. First Trust Advisors LP now owns 9,716 shares of the bank’s stock valued at $334,000 after acquiring an additional 1,510 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in BSB Bancorp by 23.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 106,257 shares of the bank’s stock valued at $3,251,000 after acquiring an additional 19,915 shares in the last quarter. Institutional investors own 48.76% of the company’s stock.
Separately, BidaskClub raised BSB Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, September 11th.
NASDAQ:BLMT traded down $0.23 on Thursday, hitting $26.82. 10,921 shares of the company’s stock traded hands, compared to its average volume of 17,812. The company has a debt-to-equity ratio of 4.02, a current ratio of 1.40 and a quick ratio of 1.39. BSB Bancorp Inc has a 1 year low of $26.70 and a 1 year high of $36.50. The stock has a market cap of $263.87 million, a PE ratio of 11.00 and a beta of 0.53.
BSB Bancorp (NASDAQ:BLMT) last announced its quarterly earnings results on Thursday, October 18th. The bank reported $0.66 EPS for the quarter. The business had revenue of $16.55 million during the quarter. BSB Bancorp had a return on equity of 12.26% and a net margin of 20.85%.
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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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