BSB Bancorp Inc (NASDAQ:BLMT), watched as a high level insider executed a transaction that began earlier in the week and was officially filed today, September 11th, that resulted in the rise of his exposure to the company. President and Chief Executive Officer Robert M. Mahoney acquired 4,300 shares of common stock at an average price of $18.4449 per share. As well, following this move, Mahoney now holds a total of 218,324 shares directly in the company.
Moreover, a $164.94 million market cap corporation,BSB Bancorp Inc (NASDAQ:BLMT) is a holding company of Belmont Savings Bank (Belmont Savings). The Bank’s business consists primarily of accepting deposits from the general public 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.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.