BSB Bancorp Inc (BLMT) Director Sells $17,484.00 in Stock

BSB Bancorp Inc (NASDAQ:BLMT) Director John W. Gahan III sold 600 shares of BSB Bancorp stock in a transaction on Monday, February 12th. The stock was sold at an average price of $29.14, for a total transaction of $17,484.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of BSB Bancorp Inc (NASDAQ BLMT) traded up $0.25 during trading hours on Tuesday, hitting $29.55. 11,400 shares of the company were exchanged, compared to its average volume of 10,092. The company has a current ratio of 1.32, a quick ratio of 1.31 and a debt-to-equity ratio of 3.36. The company has a market capitalization of $284.64, a price-to-earnings ratio of 15.92 and a beta of 0.41. BSB Bancorp Inc has a fifty-two week low of $26.65 and a fifty-two week high of $32.15.

Separately, BidaskClub lowered shares of BSB Bancorp from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th.

A number of institutional investors have recently added to or reduced their stakes in the business. Martingale Asset Management L P acquired a new position in BSB Bancorp in the fourth quarter worth $337,000. BlackRock Inc. boosted its holdings in BSB Bancorp by 1.4% in the fourth 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. Wells Fargo & Company MN boosted its holdings in BSB Bancorp by 33.2% in the fourth quarter. Wells Fargo & Company MN now owns 12,698 shares of the bank’s stock worth $371,000 after purchasing an additional 3,164 shares during the period. Bessemer Group Inc. acquired a new position in BSB Bancorp in the fourth quarter worth $155,000. Finally, SG Americas Securities LLC acquired a new position in BSB Bancorp in the fourth quarter worth $106,000. 50.00% of the stock is owned by hedge funds and other institutional investors.

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About BSB Bancorp

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.

Insider Buying and Selling by Quarter for BSB Bancorp (NASDAQ:BLMT)

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