BSB Bancorp (BLMT) Downgraded to “Sell” at BidaskClub
BidaskClub cut shares of BSB Bancorp (NASDAQ:BLMT) from a hold rating to a sell rating in a research report sent to investors on Wednesday.
Shares of BSB Bancorp (NASDAQ:BLMT) traded up $1.05 during trading hours on Wednesday, hitting $30.00. The company had a trading volume of 12,730 shares, compared to its average volume of 11,969. The stock has a market capitalization of $281.04, a PE ratio of 19.23 and a beta of 0.46. 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 has a one year low of $26.65 and a one year high of $32.15.
In related news, CEO Robert M. Mahoney bought 2,174 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were bought at an average price of $29.75 per share, with a total value of $64,676.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have purchased 8,167 shares of company stock worth $244,400 and have sold 2,100 shares worth $61,724. 13.17% of the stock is owned by insiders.
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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