BSB Bancorp, Inc. (BLMT) Position Raised by Northern Trust Corp
Northern Trust Corp increased its holdings in shares of BSB Bancorp, Inc. (NASDAQ:BLMT) by 9.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 97,296 shares of the bank’s stock after purchasing an additional 8,102 shares during the period. Northern Trust Corp owned approximately 1.09% of BSB Bancorp worth $2,846,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. New York State Common Retirement Fund grew its stake in 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 worth $243,000 after purchasing an additional 899 shares during the period. Schwab Charles Investment Management Inc. grew its stake in BSB Bancorp by 72.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 15,267 shares of the bank’s stock worth $447,000 after purchasing an additional 6,400 shares during the period. Rhumbline Advisers acquired a new stake in BSB Bancorp during the second quarter worth approximately $262,000. Bank of New York Mellon Corp grew its stake in 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 worth $1,289,000 after purchasing an additional 9,968 shares during the period. Finally, First Trust Advisors LP acquired a new stake in BSB Bancorp during the second quarter worth approximately $444,000. 49.49% of the stock is owned by institutional investors and hedge funds.
Shares of BSB Bancorp, Inc. (NASDAQ BLMT) opened at $30.90 on Friday. BSB Bancorp, Inc. has a one year low of $25.45 and a one year high of $31.50. The company has a market capitalization of $300.19, a P/E ratio of 18.18 and a beta of 0.40. 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 (NASDAQ:BLMT) last released its earnings results on Thursday, October 19th. The bank reported $0.50 EPS for the quarter. BSB Bancorp had a return on equity of 9.29% and a net margin of 20.64%. The business had revenue of $15.06 million during the quarter.
Separately, BidaskClub cut BSB Bancorp from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th.
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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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