Notable Mover: BSB Bancorp Inc (NASDAQ:BLMT) Institutional Investors Sentiment Index Up in Q2 2016

November 16, 2016 - By Marguerite Chambers   ·   0 Comments

Notable Mover: BSB Bancorp Inc (NASDAQ:BLMT) Institutional Investors Sentiment Index  Up in  Q2 2016

Sentiment for BSB Bancorp Inc (NASDAQ:BLMT)

BSB Bancorp Inc (NASDAQ:BLMT) institutional sentiment decreased to 1.43 in Q2 2016. Its down -0.14, from 1.57 in 2016Q1. The ratio has worsened, as 20 hedge funds increased and opened new positions, while 14 trimmed and sold stakes in BSB Bancorp Inc. The hedge funds in our partner’s database now hold: 4.29 million shares, up from 4.29 million shares in 2016Q1. Also, the number of hedge funds holding BSB Bancorp Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 13 Increased: 17 New Position: 3.

BSB Bancorp, Inc. is a bank holding firm of Belmont Savings Bank (the Bank). The company has a market cap of $225.42 million. The Company’s Belmont Savings Bank is a chartered savings bank. It has a 21.23 P/E ratio. 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 activities 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.

It is down 14.00% since April 14, 2016 and is uptrending. It has outperformed by 9.32% the S&P500.

According to Zacks Investment Research, “BSB Bancorp, Inc. is a financial services company engaged in providing loan, deposit and other banking products primarily in Broome, Chenango, Onondaga and Tioga Counties of New York State. It originates real estate mortgages, consumer loans and commercial business loans. BSB Bancorp, Inc. is based in Belmont, Massachusetts.”

Clover Partners L.P. holds 2.33% of its portfolio in BSB Bancorp Inc for 260,491 shares. Stieven Capital Advisors L.P. owns 230,206 shares or 1.45% of their US portfolio. Moreover, Banc Funds Co Llc has 0.94% invested in the company for 712,224 shares. The Virginia-based Fj Capital Management Llc has invested 0.83% in the stock. Punch & Associates Investment Management Inc., a Minnesota-based fund reported 166,399 shares.#img1#

BLMT Company Profile

BSB Bancorp, Inc. (BSB Bancorp), incorporated on June 2, 2011, is a bank holding firm 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 activities 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 (automobile loans assigned to it by automobile dealerships), commercial business loans, construction loans and investment securities. The Bank also makes other consumer loans and second mortgage loans. The Bank offers a range of deposit accounts, including relationship checking accounts for clients and businesses, passbook and statement savings accounts, certificates of deposit, money market accounts, Interest on Lawyer Trust Accounts (IOLTA), commercial, municipal and regular checking accounts, and Individual Retirement Accounts (IRAs). The Bank offers a range of commercial and retail banking services, which include cash management, online and mobile banking, and global payments and foreign exchange. The Bank conducts activities from over six full service branch offices located in Belmont, Watertown, Waltham, Newton and Cambridge in Southeast Middlesex County, Massachusetts. The Company’s primary lending market includes Essex, Middlesex, Norfolk and Suffolk Counties, Massachusetts.

More news for BSB Bancorp Inc (NASDAQ:BLMT) were recently published by: Prnewswire.com, which released: “BSB Bancorp, Inc. Reports Third Quarter Results – Year Over Year Earnings …” on October 20, 2016. Prnewswire.com‘s article titled: “BSB Bancorp, Inc. Reports Fourth Quarter Results – Year Over Year Earnings …” and published on February 11, 2016 is yet another important article.

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By Marguerite Chambers


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