Banc Funds Co. LLC decreased its stake in BSB Bancorp Inc (NASDAQ:BLMT) by 9.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 850,422 shares of the bank’s stock after selling 93,038 shares during the quarter. BSB Bancorp accounts for about 1.6% of Banc Funds Co. LLC’s investment portfolio, making the stock its 7th largest holding. Banc Funds Co. LLC owned 8.72% of BSB Bancorp worth $27,724,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of BSB Bancorp by 1.4% in the 3rd quarter. BlackRock Inc. now owns 435,616 shares of the bank’s stock valued at $14,200,000 after purchasing an additional 6,028 shares during the period. Renaissance Technologies LLC boosted its position in shares of BSB Bancorp by 4.7% in the 2nd quarter. Renaissance Technologies LLC now owns 289,700 shares of the bank’s stock valued at $9,966,000 after purchasing an additional 13,000 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of BSB Bancorp by 15.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 144,880 shares of the bank’s stock valued at $4,723,000 after purchasing an additional 18,980 shares during the period. Northern Trust Corp boosted its position in shares of BSB Bancorp by 4.3% in the 2nd quarter. Northern Trust Corp now owns 98,195 shares of the bank’s stock valued at $3,377,000 after purchasing an additional 4,031 shares during the period. Finally, Bridgeway Capital Management Inc. boosted its position in shares of BSB Bancorp by 142.4% in the 3rd quarter. Bridgeway Capital Management Inc. now owns 33,700 shares of the bank’s stock valued at $1,099,000 after purchasing an additional 19,800 shares during the period. Institutional investors and hedge funds own 48.76% of the company’s stock.
Separately, BidaskClub upgraded BSB Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th.
NASDAQ:BLMT opened at $31.70 on Friday. The company has a debt-to-equity ratio of 4.02, a current ratio of 1.40 and a quick ratio of 1.39. BSB Bancorp Inc has a 1-year low of $26.64 and a 1-year high of $36.50. The firm has a market capitalization of $302.21 million, a P/E ratio of 12.59 and a beta of 0.53.
BSB Bancorp (NASDAQ:BLMT) last released its quarterly earnings results on Thursday, October 18th. The bank reported $0.66 earnings per share for the quarter. BSB Bancorp had a return on equity of 12.26% and a net margin of 20.85%. The business had revenue of $16.55 million during the quarter.
BSB Bancorp Company Profile
BSB Bancorp, Inc operates as the holding company for Belmont Savings Bank that provides commercial and retail banking services to small businesses, municipalities, nonprofit organizations, and other customers in the United States. Its deposit products include relationship checking accounts for consumers and businesses, passbook and statement savings accounts, certificates of deposit, money market accounts, interest on lawyer trust accounts, and individual retirement accounts, as well as commercial, municipal, and regular checking accounts.
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