BSB Bancorp (NASDAQ:BLMT) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Thursday.

BSB Bancorp (BLMT) opened at $30.35 on Thursday. The firm has a market cap of $294.84, a price-to-earnings ratio of 17.85 and a beta of 0.41. The company has a current ratio of 1.32, a quick ratio of 1.31 and a debt-to-equity ratio of 3.36. BSB Bancorp has a 52-week low of $26.65 and a 52-week high of $32.15.

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

Institutional investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund lifted its position in BSB Bancorp by 12.1% during the 2nd quarter. New York State Common Retirement Fund now owns 8,300 shares of the bank’s stock worth $243,000 after acquiring an additional 899 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in BSB Bancorp by 7.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 8,715 shares of the bank’s stock worth $255,000 after acquiring an additional 586 shares during the last quarter. Rhumbline Advisers acquired a new position in BSB Bancorp during the 2nd quarter worth $262,000. Wells Fargo & Company MN lifted its position in BSB Bancorp by 63.3% during the 3rd quarter. Wells Fargo & Company MN now owns 9,534 shares of the bank’s stock worth $285,000 after acquiring an additional 3,696 shares during the last quarter. Finally, First Trust Advisors LP acquired a new position in BSB Bancorp during the 2nd quarter worth $444,000. 49.85% of the stock is 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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