BidaskClub downgraded shares of BSB Bancorp (NASDAQ:BLMT) from a hold rating to a sell rating in a research report report published on Saturday morning.

Shares of BSB Bancorp (NASDAQ BLMT) traded down $0.25 during midday trading on Friday, hitting $30.15. The stock had a trading volume of 6,967 shares, compared to its average volume of 6,958. BSB Bancorp has a 52 week low of $26.65 and a 52 week high of $32.15. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.32 and a quick ratio of 1.31. The stock has a market capitalization of $292.90, a P/E ratio of 17.74 and a beta of 0.40.

BSB Bancorp (NASDAQ:BLMT) last issued its earnings results on Thursday, October 19th. The bank reported $0.50 earnings per share for the quarter. BSB Bancorp had a return on equity of 9.29% and a net margin of 20.64%. The company had revenue of $15.06 million during the quarter.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Banc Funds Co. LLC boosted its position 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 during the period. The Manufacturers Life Insurance Company boosted its position 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 during the period. Vanguard Group Inc. lifted 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 acquiring an additional 14,614 shares in the last quarter. State Street Corp lifted 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 acquiring an additional 36,833 shares in the last quarter. Finally, Northern Trust Corp lifted 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 acquiring an additional 8,102 shares in the last quarter. 49.85% of the stock is owned by 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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