SG Americas Securities LLC Invests $106,000 in BSB Bancorp Inc (BLMT) Stock
SG Americas Securities LLC purchased a new stake in shares of BSB Bancorp Inc (NASDAQ:BLMT) in the fourth quarter, Holdings Channel reports. The firm purchased 3,623 shares of the bank’s stock, valued at approximately $106,000.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in BSB Bancorp by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 315,282 shares of the bank’s stock valued at $9,222,000 after purchasing an additional 14,614 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of BSB Bancorp by 25.8% in the 3rd quarter. First Trust Advisors LP now owns 19,101 shares of the bank’s stock worth $572,000 after buying an additional 3,917 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of BSB Bancorp by 63.3% in the 3rd quarter. Wells Fargo & Company MN now owns 9,534 shares of the bank’s stock worth $285,000 after buying an additional 3,696 shares during the last quarter. State Street Corp boosted its stake in shares of BSB Bancorp by 26.5% in the 2nd quarter. State Street Corp now owns 175,622 shares of the bank’s stock worth $5,139,000 after buying an additional 36,833 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of BSB Bancorp by 16.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 68,910 shares of the bank’s stock worth $2,064,000 after buying an additional 9,957 shares during the last quarter. Institutional investors and hedge funds own 48.70% of the company’s stock.
In other BSB Bancorp news, CEO Robert M. Mahoney bought 2,174 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were purchased at an average price of $29.75 per share, for a total transaction of $64,676.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders bought 8,167 shares of company stock worth $244,400 and sold 2,100 shares worth $61,724. 13.17% of the stock is owned by insiders.
BSB Bancorp Inc (BLMT) opened at $31.00 on Friday. BSB Bancorp Inc has a 12 month low of $26.65 and a 12 month high of $32.15. The firm has a market capitalization of $300.94, a P/E ratio of 16.85 and a beta of 0.46. The company has a quick ratio of 1.31, a current ratio of 1.32 and a debt-to-equity ratio of 3.36.
WARNING: “SG Americas Securities LLC Invests $106,000 in BSB Bancorp Inc (BLMT) Stock” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2018/03/11/sg-americas-securities-llc-invests-106000-in-bsb-bancorp-inc-blmt-stock.html.
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.
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 & Ratings for BSB Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BSB Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.