BSB Bancorp (BLMT) Receiving Somewhat Favorable News Coverage, Analysis Shows
News headlines about BSB Bancorp (NASDAQ:BLMT) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. BSB Bancorp earned a daily sentiment score of 0.03 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.7498828844631 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Separately, BidaskClub downgraded BSB Bancorp from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th.
Shares of BSB Bancorp (NASDAQ:BLMT) opened at 30.85 on Thursday. The company’s 50-day moving average price is $29.37 and its 200 day moving average price is $29.12. BSB Bancorp has a 52 week low of $23.95 and a 52 week high of $31.20. The company has a market cap of $270.06 million, a P/E ratio of 19.89 and a beta of 0.41.
BSB Bancorp (NASDAQ:BLMT) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.43 earnings per share for the quarter. The firm had revenue of $14.94 million for the quarter. BSB Bancorp had a return on equity of 8.69% and a net margin of 19.87%.
In other news, Director John A. Whittemore sold 17,714 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $29.21, for a total transaction of $517,425.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Carroll M. Lowenstein, Jr. sold 15,943 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $29.20, for a total value of $465,535.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,372 shares of company stock worth $1,500,240. Company insiders own 13.17% 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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