BidaskClub upgraded shares of BSB Bancorp (NASDAQ:BLMT) from a strong sell rating to a sell rating in a research note published on Tuesday.

BSB Bancorp (NASDAQ:BLMT) opened at $28.65 on Tuesday. The stock has a market cap of $284.64, a P/E ratio of 17.24 and a beta of 0.41. BSB Bancorp has a fifty-two week low of $26.65 and a fifty-two week high of $32.15. The company has a quick ratio of 1.31, a current ratio of 1.32 and a debt-to-equity ratio of 3.36.

A number of institutional investors have recently added to or reduced their stakes in BLMT. State Street Corp raised its holdings in BSB Bancorp by 26.5% during the 2nd quarter. State Street Corp now owns 175,622 shares of the bank’s stock worth $5,139,000 after purchasing an additional 36,833 shares during the last quarter. Vanguard Group Inc. raised its holdings in BSB Bancorp by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 315,282 shares of the bank’s stock worth $9,222,000 after purchasing an additional 14,614 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in BSB Bancorp by 3.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 463,003 shares of the bank’s stock worth $13,543,000 after purchasing an additional 13,728 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in BSB Bancorp by 27.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 58,953 shares of the bank’s stock worth $1,724,000 after purchasing an additional 12,773 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in BSB Bancorp by 29.2% during the 2nd 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 last quarter. Hedge funds and other institutional investors own 49.94% 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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