BSB Bancorp (NASDAQ:BLMT) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Tuesday.

BSB Bancorp (NASDAQ:BLMT) opened at $30.00 on Tuesday. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.31 and a current ratio of 1.32. BSB Bancorp has a 1 year low of $26.65 and a 1 year high of $32.15. The firm has a market cap of $288.53, a price-to-earnings ratio of 17.47 and a beta of 0.40.

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

Several institutional investors and hedge funds have recently modified their holdings of BLMT. Schwab Charles Investment Management Inc. boosted its stake in shares of BSB Bancorp by 72.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 15,267 shares of the bank’s stock valued at $447,000 after purchasing an additional 6,400 shares during the period. First Trust Advisors LP purchased a new stake in shares of BSB Bancorp during the second quarter valued at $444,000. Rhumbline Advisers purchased a new stake in shares of BSB Bancorp during the second quarter valued at $262,000. Bank of New York Mellon Corp boosted its stake in shares of BSB Bancorp by 29.2% during the second quarter. Bank of New York Mellon Corp now owns 44,060 shares of the bank’s stock valued at $1,289,000 after purchasing an additional 9,968 shares during the period. Finally, New York State Common Retirement Fund boosted its stake in shares of BSB Bancorp by 12.1% during the second quarter. New York State Common Retirement Fund now owns 8,300 shares of the bank’s stock valued at $243,000 after purchasing an additional 899 shares during the period. 49.85% of the stock is owned by hedge funds and other institutional investors.

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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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