BidaskClub upgraded shares of BSB Bancorp (NASDAQ:BLMT) from a sell rating to a hold rating in a report published on Tuesday morning.

Shares of BLMT stock opened at $33.00 on Tuesday. BSB Bancorp has a 12 month low of $27.75 and a 12 month high of $36.50. The stock has a market cap of $323.27 million, a PE ratio of 14.41 and a beta of 0.35. The company has a current ratio of 1.45, a quick ratio of 1.44 and a debt-to-equity ratio of 4.49.

BSB Bancorp (NASDAQ:BLMT) last announced its quarterly earnings results on Thursday, July 19th. The bank reported $0.65 EPS for the quarter. BSB Bancorp had a return on equity of 11.74% and a net margin of 20.47%. The firm had revenue of $16.81 million for the quarter.

Several hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its stake in shares of BSB Bancorp by 4.7% in the second quarter. Renaissance Technologies LLC now owns 289,700 shares of the bank’s stock worth $9,966,000 after acquiring an additional 13,000 shares during the period. Citadel Advisors LLC acquired a new position in shares of BSB Bancorp in the second quarter worth approximately $204,000. Dimensional Fund Advisors LP lifted its stake in shares of BSB Bancorp by 18.5% in the second quarter. Dimensional Fund Advisors LP now owns 125,900 shares of the bank’s stock worth $4,331,000 after acquiring an additional 19,643 shares during the period. BlackRock Inc. lifted its stake in shares of BSB Bancorp by 8.1% in the second quarter. BlackRock Inc. now owns 429,588 shares of the bank’s stock worth $14,778,000 after acquiring an additional 32,138 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of BSB Bancorp in the second quarter worth approximately $268,000. 49.54% of the stock is currently owned by hedge funds and other institutional investors.

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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