Martingale Asset Management L P Buys Shares of 11,501 BSB Bancorp Inc (BLMT)
Martingale Asset Management L P bought a new position in BSB Bancorp Inc (NASDAQ:BLMT) in the 4th quarter, HoldingsChannel reports. The firm bought 11,501 shares of the bank’s stock, valued at approximately $337,000.
Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of BSB Bancorp by 1.4% during the 4th quarter. BlackRock Inc. now owns 401,197 shares of the bank’s stock worth $11,734,000 after purchasing an additional 5,573 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of BSB Bancorp by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 315,282 shares of the bank’s stock worth $9,222,000 after purchasing an additional 14,614 shares during the last quarter. State Street Corp lifted its stake in shares of BSB Bancorp by 26.5% during the 2nd quarter. State Street Corp now owns 175,622 shares of the bank’s stock worth $5,139,000 after purchasing an additional 36,833 shares during the last quarter. Northern Trust Corp lifted its stake in shares of BSB Bancorp by 9.1% during the 2nd quarter. Northern Trust Corp now owns 97,296 shares of the bank’s stock worth $2,846,000 after purchasing an additional 8,102 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of BSB Bancorp by 16.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 68,910 shares of the bank’s stock worth $2,064,000 after purchasing an additional 9,957 shares during the last quarter. Institutional investors and hedge funds own 48.70% of the company’s stock.
Shares of BSB Bancorp Inc (BLMT) opened at $31.00 on Friday. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.31 and a current ratio of 1.32. The firm has a market capitalization of $300.94, a price-to-earnings ratio of 19.87 and a beta of 0.46. BSB Bancorp Inc has a 12 month low of $26.65 and a 12 month high of $32.15.
In related news, CEO Robert M. Mahoney acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was purchased at an average cost of $30.00 per share, for a total transaction of $30,000.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have purchased 8,167 shares of company stock valued at $244,400 and have sold 2,100 shares valued at $61,724. Corporate insiders own 13.17% of the company’s stock.
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BSB Bancorp 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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