BSB Bancorp, Inc. (BLMT) Shares Sold by ELCO Management Co. LLC
ELCO Management Co. LLC lowered its holdings in shares of BSB Bancorp, Inc. (NASDAQ:BLMT) by 7.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,288 shares of the bank’s stock after selling 1,516 shares during the period. ELCO Management Co. LLC owned approximately 0.23% of BSB Bancorp worth $593,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund increased its holdings in 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 purchasing an additional 899 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of BSB Bancorp by 7.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 8,715 shares of the bank’s stock valued at $255,000 after acquiring an additional 586 shares in the last quarter. Rhumbline Advisers bought a new stake in shares of BSB Bancorp in the 2nd quarter valued at $262,000. First Trust Advisors LP bought a new stake in shares of BSB Bancorp in the 2nd quarter valued at $444,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of BSB Bancorp by 72.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 15,267 shares of the bank’s stock valued at $447,000 after acquiring an additional 6,400 shares in the last quarter. 48.53% of the stock is owned by institutional investors and hedge funds.
Separately, BidaskClub lowered shares of BSB Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th.
Shares of BSB Bancorp, Inc. (BLMT) traded up 0.17% during trading on Wednesday, hitting $30.00. 2,219 shares of the stock traded hands. BSB Bancorp, Inc. has a 12 month low of $23.90 and a 12 month high of $30.75. The firm has a market cap of $262.62 million, a price-to-earnings ratio of 19.34 and a beta of 0.41. The company has a 50 day moving average price of $28.60 and a 200 day moving average price of $28.89.
BSB Bancorp (NASDAQ:BLMT) last posted its earnings results on Thursday, July 20th. The bank reported $0.43 EPS for the quarter. The firm had revenue of $14.94 million during the quarter. BSB Bancorp had a net margin of 19.87% and a return on equity of 8.69%.
In other BSB Bancorp news, insider Carroll M. Lowenstein, Jr. sold 15,943 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $29.20, for a total transaction of $465,535.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Hal R. Tovin sold 17,715 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $29.20, for a total transaction of $517,278.00. The disclosure for this sale can be found here. Insiders have sold 51,372 shares of company stock worth $1,500,240 in the last quarter. 13.17% of the stock is owned by corporate insiders.
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.
Want to see what other hedge funds are holding BLMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BSB Bancorp, Inc. (NASDAQ:BLMT).
Receive News & Stock Ratings for BSB Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BSB Bancorp Inc. and related stocks with our FREE daily email newsletter.