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

BSB Bancorp Inc (NASDAQ:BLMT) Director John W. Gahan III sold 600 shares of the firm’s stock in a transaction dated Monday, April 9th. The stock was sold at an average price of $30.80, for a total transaction of $18,480.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

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  • On Monday, March 12th, John W. Gahan III sold 600 shares of BSB Bancorp stock. The stock was sold at an average price of $30.75, for a total transaction of $18,450.00.
  • 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 stock traded down $0.35 during mid-day trading on Monday, hitting $30.50. The stock had a trading volume of 11,744 shares, compared to its average volume of 11,545. The company has a quick ratio of 1.38, a current 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. The firm has a market cap of $300.78, a P/E ratio of 16.77 and a beta of 0.40.

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

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new position in BSB Bancorp in the 4th quarter valued at about $106,000. MetLife Investment Advisors LLC bought a new position in BSB Bancorp in the 4th quarter valued at about $126,000. Bessemer Group Inc. bought a new position in BSB Bancorp in the 4th quarter valued at about $155,000. Wells Fargo & Company MN increased its holdings in BSB Bancorp by 63.3% in the 3rd quarter. Wells Fargo & Company MN now owns 9,534 shares of the bank’s stock valued at $285,000 after buying an additional 3,696 shares during the period. Finally, Martingale Asset Management L P bought a new position in BSB Bancorp in the 4th quarter valued at about $337,000. 48.19% of the stock is currently owned by hedge funds and other institutional investors.

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

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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.

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

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