Clover Partners L.P. Trims Holdings in BSB Bancorp Inc (BLMT)
Clover Partners L.P. reduced its position in shares of BSB Bancorp Inc (NASDAQ:BLMT) by 64.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 108,907 shares of the bank’s stock after selling 196,640 shares during the period. BSB Bancorp comprises about 3.0% of Clover Partners L.P.’s investment portfolio, making the stock its 16th largest holding. Clover Partners L.P.’s holdings in BSB Bancorp were worth $3,186,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Banc Funds Co. LLC increased its holdings in BSB Bancorp by 0.5% during the 4th quarter. Banc Funds Co. LLC now owns 941,460 shares of the bank’s stock worth $27,538,000 after purchasing an additional 5,000 shares during the period. BlackRock Inc. increased its holdings in 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 period. Vanguard Group Inc. increased its holdings in 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 period. Renaissance Technologies LLC increased its holdings in BSB Bancorp by 5.5% during the 4th quarter. Renaissance Technologies LLC now owns 275,660 shares of the bank’s stock worth $8,063,000 after purchasing an additional 14,460 shares during the period. Finally, State Street Corp increased its holdings in 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 period. Institutional investors own 48.70% of the company’s stock.
Separately, BidaskClub upgraded BSB Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, March 6th.
BSB Bancorp Inc (NASDAQ BLMT) opened at $30.55 on Wednesday. The company has a market capitalization of $300.94, a price-to-earnings ratio of 19.58 and a beta of 0.46. BSB Bancorp Inc has a fifty-two week low of $26.65 and a fifty-two week high of $32.15. The company has a current ratio of 1.32, a quick ratio of 1.31 and a debt-to-equity ratio of 3.36.
WARNING: This story was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and international trademark and copyright laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2018/03/14/clover-partners-l-p-trims-holdings-in-bsb-bancorp-inc-blmt.html.
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.
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.