BSB Bancorp, Inc. (BLMT) Holdings Reduced by Kennedy Capital Management Inc.
Kennedy Capital Management Inc. lowered its position in BSB Bancorp, Inc. (NASDAQ:BLMT) by 64.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,802 shares of the bank’s stock after selling 48,757 shares during the quarter. Kennedy Capital Management Inc. owned approximately 0.30% of BSB Bancorp worth $784,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers acquired a new stake in BSB Bancorp in the second quarter valued at $262,000. First Trust Advisors LP acquired a new stake in BSB Bancorp in the second quarter valued at $444,000. Schwab Charles Investment Management Inc. lifted its stake in BSB Bancorp by 72.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 15,267 shares of the bank’s stock valued at $447,000 after acquiring an additional 6,400 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in BSB Bancorp by 29.2% in 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 acquiring an additional 9,968 shares during the last quarter. Hedge funds and other institutional investors own 48.53% of the company’s stock.
Separately, BidaskClub cut shares of BSB Bancorp from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th.
In other news, COO Hal R. Tovin sold 17,715 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $29.20, for a total value of $517,278.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Carroll M. Lowenstein, Jr. sold 15,943 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $29.20, for a total transaction of $465,535.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,372 shares of company stock valued at $1,500,240. Company insiders own 13.17% of the company’s stock.
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Shares of BSB Bancorp, Inc. (BLMT) opened at 29.15 on Friday. BSB Bancorp, Inc. has a 52 week low of $23.04 and a 52 week high of $30.75. The firm has a 50-day moving average of $28.36 and a 200-day moving average of $28.74. The firm has a market cap of $255.18 million, a PE ratio of 18.79 and a beta of 0.40.
BSB Bancorp (NASDAQ:BLMT) last posted its earnings results on Thursday, July 20th. The bank reported $0.43 earnings per share (EPS) for the quarter. BSB Bancorp had a net margin of 19.87% and a return on equity of 8.69%. The firm had revenue of $14.94 million during the quarter.
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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