BSB Bancorp (NASDAQ:BLMT) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Shares of BSB Bancorp (NASDAQ:BLMT) traded down $0.25 during trading hours on Friday, hitting $30.15. The stock had a trading volume of 6,967 shares, compared to its average volume of 7,831. The company has a quick ratio of 1.31, a current ratio of 1.32 and a debt-to-equity ratio of 3.36. BSB Bancorp has a 1-year low of $26.65 and a 1-year high of $32.15. The stock has a market cap of $292.90, a PE ratio of 17.88 and a beta of 0.40.

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

Several large investors have recently modified their holdings of BLMT. Schwab Charles Investment Management Inc. grew its holdings in shares of BSB Bancorp by 72.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 15,267 shares of the bank’s stock worth $447,000 after purchasing an additional 6,400 shares during the period. First Trust Advisors LP purchased a new position in BSB Bancorp in the 2nd quarter worth approximately $444,000. Rhumbline Advisers purchased a new position in BSB Bancorp in the 2nd quarter worth approximately $262,000. Bank of New York Mellon Corp boosted its holdings in BSB Bancorp by 29.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 44,060 shares of the bank’s stock worth $1,289,000 after acquiring an additional 9,968 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in BSB Bancorp by 12.1% in 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 period. Institutional investors and hedge funds own 49.85% of the company’s stock.

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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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