The stock of BSB Bancorp Inc (NASDAQ:BLMT) hit a new 52-week high and has $27.81 target or 3.00% above today’s $27.00 share price. The 5 months bullish chart indicates low risk for the $249.02M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $27.81 price target is reached, the company will be worth $7.47 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 49,983 shares traded hands or 174.42% up from the average. BSB Bancorp Inc (NASDAQ:BLMT) has risen 13.16% since April 28, 2016 and is uptrending. It has outperformed by 7.24% the S&P500.
Analysts await BSB Bancorp Inc (NASDAQ:BLMT) to report earnings on February, 9.
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.”
Insitutional Activity: The institutional sentiment increased to 1.46 in Q2 2016. Its up 0.03, from 1.43 in 2016Q1. The ratio increased, as 1 funds sold all BSB Bancorp Inc shares owned while 13 reduced positions. 3 funds bought stakes while 17 increased positions. They now own 4.29 million shares or 0.01% more from 4.29 million shares in 2016Q1.
California Pub Employees Retirement System has 20,000 shares for 0% of their US portfolio. Nationwide Fund Advisors has 0% invested in the company for 5,166 shares. Cornerstone Mngmt Holdings Lc holds 0% of its portfolio in BSB Bancorp Inc (NASDAQ:BLMT) for 2,357 shares. Bridgeway Capital Mngmt accumulated 69,933 shares or 0.02% of the stock. Alliancebernstein Lp holds 13,279 shares or 0% of its portfolio. Manufacturers Life Ins Communication The has invested 0.01% of its portfolio in BSB Bancorp Inc (NASDAQ:BLMT). Moreover, Dimensional Fund Advsr Limited Partnership has 0% invested in BSB Bancorp Inc (NASDAQ:BLMT) for 23,911 shares. Deutsche National Bank & Trust Ag, a Germany-based fund reported 4,960 shares. State Common Retirement Fund owns 7,400 shares or 0% of their US portfolio. Moreover, Renaissance has 0.01% invested in BSB Bancorp Inc (NASDAQ:BLMT) for 183,100 shares. Creative Planning has invested 0% of its portfolio in BSB Bancorp Inc (NASDAQ:BLMT). Blackrock Advisors Ltd Liability Com last reported 2,412 shares in the company. Tiaa Cref Inv Mgmt Ltd Liability Co has 0% invested in the company for 25,559 shares. The New Jersey-based Blackrock Inv Limited Liability Corp has invested 0% in BSB Bancorp Inc (NASDAQ:BLMT). Moreover, Spark Invest Management Limited Liability has 0.03% invested in BSB Bancorp Inc (NASDAQ:BLMT) for 12,200 shares.
Another recent and important BSB Bancorp Inc (NASDAQ:BLMT) news was published by Prnewswire.com which published an article titled: “BSB Bancorp, Inc. Reports Third Quarter Results – Year Over Year Earnings …” on October 20, 2016.
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.
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