John W. Gahan III Sells 600 Shares of BSB Bancorp Inc (BLMT) Stock

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BSB Bancorp Inc (NASDAQ:BLMT) Director John W. Gahan III sold 600 shares of the company’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $30.75, for a total transaction of $18,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

John W. Gahan III also recently made the following trade(s):

  • On Monday, February 12th, John W. Gahan III sold 600 shares of BSB Bancorp stock. The stock was sold at an average price of $29.14, for a total transaction of $17,484.00.

BLMT opened at $30.85 on Friday. The firm has a market capitalization of $298.35, a P/E ratio of 16.63 and a beta of 0.40. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 4.08. BSB Bancorp Inc has a 52 week low of $27.25 and a 52 week high of $32.15.

BSB Bancorp (NASDAQ:BLMT) last released its earnings results on Thursday, February 8th. The bank reported $0.51 EPS for the quarter. The business had revenue of $15.82 million for the quarter. BSB Bancorp had a return on equity of 9.89% and a net margin of 17.81%.

Separately, BidaskClub raised BSB Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in BSB Bancorp in the fourth quarter valued at $106,000. MetLife Investment Advisors LLC bought a new position in BSB Bancorp in the fourth quarter valued at $126,000. Bessemer Group Inc. bought a new position in BSB Bancorp in the fourth quarter valued at $155,000. New York State Common Retirement Fund increased its stake in BSB Bancorp by 12.1% in the second quarter. New York State Common Retirement Fund now owns 8,300 shares of the bank’s stock valued at $243,000 after acquiring an additional 899 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in BSB Bancorp by 7.2% in the second quarter. Parametric Portfolio Associates LLC now owns 8,715 shares of the bank’s stock valued at $255,000 after acquiring an additional 586 shares during the last quarter. 48.19% of the stock is currently owned by institutional investors and hedge funds.

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About BSB Bancorp

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.

Insider Buying and Selling by Quarter for BSB Bancorp (NASDAQ:BLMT)

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