Price Action to Note: Will BSB Bancorp Inc Run Out of Steam Soon?

Price Action to Note: Will BSB Bancorp Inc Run Out of Steam Soon?

The stock of BSB Bancorp Inc (NASDAQ:BLMT) reached all time high today, Nov, 24 and still has $27.82 target or 4.00% above today’s $26.75 share price. This indicates more upside for the $248.64 million company. This technical setup was reported by Barchart.com. If the $27.82 PT is reached, the company will be worth $9.95M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.94% or $0.25 on November 23, hitting $26.75. About 23,589 shares traded hands or 66.28% up from the average. BSB Bancorp Inc (NASDAQ:BLMT) has risen 13.98% since April 22, 2016 and is uptrending. It has outperformed by 8.57% 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 is positive, 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.
Fincl Bank Of America De accumulated 0% or 2,053 shares. Mendon Capital Advisors Corporation holds 0.04% or 18,474 shares in its portfolio. American Intll Group holds 0% or 4,646 shares in its portfolio. Dimensional Fund Advsr Lp last reported 23,911 shares in the company. Endeavour Cap Inc has invested 0.39% of its portfolio in BSB Bancorp Inc (NASDAQ:BLMT). Keeley Asset Mgmt, a Illinois-based fund reported 13,600 shares. Spark Investment Mgmt Limited Liability Com has 0.03% invested in the company for 12,200 shares. State Street holds 0% of its portfolio in BSB Bancorp Inc (NASDAQ:BLMT) for 97,707 shares. Tower Research Cap Ltd Co (Trc) accumulated 0% or 665 shares. National Bank & Trust Of Montreal Can holds 0% of its portfolio in BSB Bancorp Inc (NASDAQ:BLMT) for 462 shares. Comml Bank Of Ny Mellon owns 24,782 shares or 0% of their US portfolio. Creative Planning last reported 0% of its portfolio in the stock. California Pub Employees Retirement last reported 0% of its portfolio in the stock. Wells Fargo & Company Mn reported 4,362 shares or 0% of all its holdings. Blackrock Fund, a California-based fund reported 218,645 shares.

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.

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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