Prospector Partners LLC Reduces Stake in BSB Bancorp, Inc. (BLMT)

Prospector Partners LLC lowered its stake in BSB Bancorp, Inc. (NASDAQ:BLMT) by 4.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,000 shares of the bank’s stock after selling 2,500 shares during the quarter. Prospector Partners LLC owned approximately 0.62% of BSB Bancorp worth $1,797,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of BSB Bancorp by 72.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 15,267 shares of the bank’s stock worth $447,000 after acquiring an additional 6,400 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of BSB Bancorp by 29.2% in the second quarter. Bank of New York Mellon Corp now owns 44,060 shares of the bank’s stock worth $1,289,000 after acquiring an additional 9,968 shares during the last quarter. Banc Funds Co. LLC lifted its holdings in shares of BSB Bancorp by 10.4% in the second quarter. Banc Funds Co. LLC now owns 899,860 shares of the bank’s stock worth $26,321,000 after acquiring an additional 84,977 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of BSB Bancorp by 3.1% in the second quarter. The Manufacturers Life Insurance Company now owns 463,003 shares of the bank’s stock worth $13,543,000 after acquiring an additional 13,728 shares during the last quarter. Finally, First Trust Advisors LP bought a new position in shares of BSB Bancorp in the second quarter worth about $444,000. 49.85% of the stock is owned by hedge funds and other institutional investors.

BSB Bancorp, Inc. (NASDAQ BLMT) opened at $30.40 on Friday. The stock has a market cap of $297.76, a P/E ratio of 18.03 and a beta of 0.40. BSB Bancorp, Inc. 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.

BSB Bancorp (NASDAQ:BLMT) last issued its quarterly earnings data on Thursday, October 19th. The bank reported $0.50 earnings per share (EPS) for the quarter. The business had revenue of $15.06 million during the quarter. BSB Bancorp had a net margin of 20.64% and a return on equity of 9.29%.

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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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Institutional Ownership by Quarter for BSB Bancorp (NASDAQ:BLMT)

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