BSB Bancorp, Inc. (BLMT) Set to Announce Earnings on Wednesday
BSB Bancorp (NASDAQ:BLMT) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.43 earnings per share for the quarter. BSB Bancorp had a return on equity of 8.69% and a net margin of 19.87%. The firm had revenue of $14.94 million during the quarter.
BSB Bancorp, Inc. (NASDAQ:BLMT) opened at 30.35 on Wednesday. The stock has a market cap of $265.68 million, a PE ratio of 19.57 and a beta of 0.41. The stock has a 50 day moving average price of $28.88 and a 200 day moving average price of $28.99. BSB Bancorp, Inc. has a 1-year low of $23.90 and a 1-year high of $30.75.
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In related news, COO Hal R. Tovin sold 17,715 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $29.20, for a total value of $517,278.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Carroll M. Lowenstein, Jr. sold 15,943 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $29.20, for a total value of $465,535.60. The disclosure for this sale can be found here. Insiders sold a total of 51,372 shares of company stock valued at $1,500,240 in the last 90 days. 13.17% of the stock is currently owned by company insiders.
Separately, BidaskClub lowered BSB Bancorp from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th.
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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