Clover Partners L.P. trimmed its holdings in BSB Bancorp Inc (NASDAQ:BLMT) by 64.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 108,907 shares of the bank’s stock after selling 196,640 shares during the quarter. BSB Bancorp makes up about 3.0% of Clover Partners L.P.’s portfolio, making the stock its 16th biggest position. Clover Partners L.P. owned 1.12% of BSB Bancorp worth $3,186,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of BSB Bancorp in the fourth quarter worth approximately $106,000. Bessemer Group Inc. purchased a new stake in shares of BSB Bancorp in the fourth quarter worth approximately $155,000. New York State Common Retirement Fund raised its holdings in shares of BSB Bancorp by 12.1% in the second quarter. New York State Common Retirement Fund now owns 8,300 shares of the bank’s stock worth $243,000 after buying an additional 899 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of BSB Bancorp by 7.2% in the second quarter. Parametric Portfolio Associates LLC now owns 8,715 shares of the bank’s stock worth $255,000 after buying an additional 586 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of BSB Bancorp by 63.3% in the third 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 period. Hedge funds and other institutional investors own 48.70% of the company’s stock.
Shares of BSB Bancorp Inc (BLMT) opened at $30.55 on Wednesday. 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 Inc has a fifty-two week low of $26.65 and a fifty-two week high of $32.15. The firm has a market capitalization of $300.94, a P/E ratio of 19.58 and a beta of 0.46.
Separately, BidaskClub upgraded BSB Bancorp from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 6th.
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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.
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