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BSB Bancorp

Nasdaq:BLMT
Snowflake Description

Excellent balance sheet with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BLMT
Nasdaq
$312M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

BSB Bancorp, Inc. operates as the holding company for Belmont Savings Bank that provides commercial and retail banking services to small businesses, municipalities, nonprofit organizations, and other customers in the United States. The last earnings update was 18 days ago. More info.


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BLMT Share Price and Events
7 Day Returns
0.8%
NasdaqCM:BLMT
2.5%
US Mortgage
1.3%
US Market
1 Year Returns
8.2%
NasdaqCM:BLMT
-4.5%
US Mortgage
6.6%
US Market
BLMT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BSB Bancorp (BLMT) 0.8% -7.6% 14.4% 8.2% 48.7% 91%
US Mortgage 2.5% -3.5% 13.6% -4.5% 28.1% 30.7%
US Market 1.3% 0.5% 13.9% 6.6% 37.1% 44.1%
1 Year Return vs Industry and Market
  • BLMT outperformed the Mortgage industry which returned -4.5% over the past year.
  • BLMT outperformed the Market in United States of America which returned 6.6% over the past year.
Price Volatility
BLMT
Industry
5yr Volatility vs Market

BLMT Value

 Is BSB Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of BSB Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for BSB Bancorp.

NasdaqCM:BLMT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $19.05 * 8.3%
$1.59
Book Value of Equity per Share Median Book Value from the past 5 years. $19.05
Discount Rate (Cost of Equity) See below 14.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:BLMT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Mortgage Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.892 (1 + (1- 21%) (269.5%))
2.201
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 5.96%)
14.65%

Discounted Cash Flow Calculation for NasdaqCM:BLMT using Excess Returns Model Model

The calculations below outline how an intrinsic value for BSB Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:BLMT Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.3% – 14.65%) * $19.05)
$-1.20
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-1.20 / (14.65% - 2.73%)
$-10.08
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $19.05 + $-10.08
$8.97
NasdaqCM:BLMT Discount to Share Price
Calculation Result
Value per share (USD) From above. $8.97
Current discount Discount to share price of $32.84
= -1 x ($32.84 - $8.97) / $8.97
-266.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of BSB Bancorp is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BSB Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BSB Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:BLMT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $2.56
NasdaqCM:BLMT Share Price ** NasdaqCM (2019-03-29) in USD $32.84
United States of America Mortgage Industry PE Ratio Median Figure of 136 Publicly-Listed Mortgage Companies 14.57x
United States of America Market PE Ratio Median Figure of 3,066 Publicly-Listed Companies 17.68x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BSB Bancorp.

NasdaqCM:BLMT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:BLMT Share Price ÷ EPS (both in USD)

= 32.84 ÷ 2.56

12.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BSB Bancorp is good value based on earnings compared to the US Mortgage industry average.
  • BSB Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does BSB Bancorp's expected growth come at a high price?
Raw Data
NasdaqCM:BLMT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
0.2%per year
United States of America Mortgage Industry PEG Ratio Median Figure of 50 Publicly-Listed Mortgage Companies 1x
United States of America Market PEG Ratio Median Figure of 2,106 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for BSB Bancorp, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BSB Bancorp's assets?
Raw Data
NasdaqCM:BLMT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $21.40
NasdaqCM:BLMT Share Price * NasdaqCM (2019-03-29) in USD $32.84
United States of America Mortgage Industry PB Ratio Median Figure of 145 Publicly-Listed Mortgage Companies 1.14x
United States of America Market PB Ratio Median Figure of 5,161 Publicly-Listed Companies 1.89x
NasdaqCM:BLMT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:BLMT Share Price ÷ Book Value per Share (both in USD)

= 32.84 ÷ 21.40

1.53x

* Primary Listing of BSB Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BSB Bancorp is overvalued based on assets compared to the US Mortgage industry average.
X
Value checks
We assess BSB Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Mortgage industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Mortgage industry average (and greater than 0)? (1 check)
  5. BSB Bancorp has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BLMT Future Performance

 How is BSB Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover BSB Bancorp, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
0.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BSB Bancorp expected to grow at an attractive rate?
  • BSB Bancorp's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • BSB Bancorp's earnings growth is positive but not above the United States of America market average.
  • Unable to compare BSB Bancorp's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:BLMT Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:BLMT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 0.2%
United States of America Mortgage Industry Earnings Growth Rate Market Cap Weighted Average 7.5%
United States of America Mortgage Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:BLMT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:BLMT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 64 59 23
2018-09-30 63 76 20
2018-06-30 61 81 19
2018-03-31 60 107 17
2017-12-31 57 86 14
2017-09-30 54 67 15
2017-06-30 52 41 14
2017-03-31 49 17 13
2016-12-31 48 13 12
2016-09-30 46 10 11
2016-06-30 43 10 9
2016-03-31 41 20 8

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BSB Bancorp's earnings are expected to grow by 0.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if BSB Bancorp is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:BLMT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from BSB Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:BLMT Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 2.56
2018-09-30 2.31
2018-06-30 2.12
2018-03-31 1.89
2017-12-31 1.63
2017-09-30 1.76
2017-06-30 1.62
2017-03-31 1.50
2016-12-31 1.38
2016-09-30 1.23
2016-06-30 1.09
2016-03-31 0.93

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if BSB Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess BSB Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BSB Bancorp has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BLMT Past Performance

  How has BSB Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BSB Bancorp's growth in the last year to its industry (Mortgage).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BSB Bancorp has delivered over 20% year on year earnings growth in the past 5 years.
  • BSB Bancorp's 1-year earnings growth exceeds its 5-year average (60.4% vs 39.9%)
  • BSB Bancorp's earnings growth has exceeded the US Mortgage industry average in the past year (60.4% vs 38%).
Earnings and Revenue History
BSB Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BSB Bancorp Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:BLMT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 64.05 22.91 27.30
2018-09-30 63.33 20.41 27.00
2018-06-30 61.50 18.74 27.22
2018-03-31 59.65 16.65 27.11
2017-12-31 56.95 14.28 27.01
2017-09-30 54.30 15.44 26.51
2017-06-30 52.04 14.01 25.75
2017-03-31 49.48 12.93 25.26
2016-12-31 47.76 11.79 25.11
2016-09-30 45.79 10.55 25.40
2016-06-30 43.29 9.24 25.18
2016-03-31 41.23 7.90 25.15
2015-12-31 39.06 6.75 24.91
2015-09-30 37.44 6.05 24.50
2015-06-30 36.32 5.39 24.51
2015-03-31 34.86 4.84 24.13
2014-12-31 33.34 4.15 23.95
2014-09-30 32.18 3.45 24.06
2014-06-30 30.75 2.80 23.58
2014-03-31 29.30 2.14 23.23
2013-12-31 28.09 1.88 22.36
2013-09-30 27.09 1.74 21.62
2013-06-30 25.69 1.41 20.71
2013-03-31 24.37 1.35 19.89
2012-12-31 23.66 1.40 19.16
2012-09-30 21.65 -0.42 17.88
2012-06-30 20.25 -0.31 16.77

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • BSB Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BSB Bancorp used its assets less efficiently than the US Mortgage industry average last year based on Return on Assets.
  • Unable to establish if BSB Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess BSB Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Mortgage industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BSB Bancorp has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BLMT Health

 How is BSB Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of BSB Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BSB Bancorp Company Filings, last reported 3 months ago.

NasdaqCM:BLMT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 201.79 841.13 125.10
2018-09-30 197.95 796.50 143.25
2018-06-30 191.21 859.25 107.04
2018-03-31 184.57 665.99 110.88
2017-12-31 178.03 726.42 88.13
2017-09-30 175.56 589.11 78.89
2017-06-30 169.83 570.28 52.28
2017-03-31 164.95 534.48 60.69
2016-12-31 160.92 510.84 35.66
2016-09-30 156.82 473.02 49.90
2016-06-30 153.04 425.02 53.98
2016-03-31 149.34 394.74 56.28
2015-12-31 146.20 378.72 31.79
2015-09-30 143.57 323.02 42.73
2015-06-30 141.15 244.60 47.64
2015-03-31 138.95 271.79 41.22
2014-12-31 137.01 287.56 36.64
2014-09-30 135.13 253.64 45.62
2014-06-30 133.39 183.06 49.01
2014-03-31 131.77 194.61 56.99
2013-12-31 130.42 145.34 29.35
2013-09-30 129.15 154.28 48.94
2013-06-30 128.10 72.41 55.25
2013-03-31 132.03 81.21 19.37
2012-12-31 133.31 87.66 44.80
2012-09-30 132.70 102.26 33.19
2012-06-30 132.33 75.81 54.80
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • BSB Bancorp has an acceptable proportion of non-loan assets held.
  • BSB Bancorp's liabilities are made up of primarily low risk sources of funding.
  • BSB Bancorp has advanced significantly more loans than the customer deposits it holds (i.e. bank has borrowed additional funds to lend).
  • BSB Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • BSB Bancorp has a sufficient allowance for bad loans.
  • BSB Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess BSB Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BSB Bancorp has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BLMT Dividends

 What is BSB Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from BSB Bancorp dividends.
If you bought $2,000 of BSB Bancorp shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate BSB Bancorp's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate BSB Bancorp's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:BLMT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Mortgage Industry Average Dividend Yield Market Cap Weighted Average of 100 Stocks 3.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2001 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as BSB Bancorp has not reported any payouts.
  • Unable to verify if BSB Bancorp's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of BSB Bancorp's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as BSB Bancorp has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess BSB Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BSB Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BSB Bancorp has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BLMT Management

 What is the CEO of BSB Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bob Mahoney
COMPENSATION $1,002,431
AGE 69
CEO Bio

Robert M. Mahoney was Executive Vice Chairman of Citizens Financial Group, Inc. (“CFG”) until retiring in 2008. He joined CFG in 1993 as President and CEO of Citizens Bank of Massachusetts after serving 22 years in various domestic and international management positions at Bank of Boston. Mr. Mahoney has held several community leadership positions in Massachusetts. He is a past Chairman of the United Way Board of Directors and Executive Committee and serves on the University of Massachusetts Amherst Foundation Board. Mr. Mahoney also is Chair of the Financial Services Committee of the Finance Council of the Roman Catholic Archdiocese of Boston. Mr. Mahoney received his M.B.A. from Columbia Business School and is a graduate of the University of Massachusetts, where he earned a Bachelor of Science degree in Chemistry. He received the 1996 Distinguished Alumnus Award from the University of Massachusetts, the 2006 Columbia University, School of Business Leadership Award and is the recipient of the 2009 Henry L. Shattuck Boston City Champion Award for public service. Recently, Mr. Mahoney was selected by Boston Business Journal readers as the “most-admired CEO of a small or mid-sized company in Massachusetts.”

CEO Compensation
  • Bob's compensation has been consistent with company performance over the past year.
  • Bob's remuneration is lower than average for companies of similar size in United States of America.
Management Team

Bob Mahoney

TITLE
President
COMPENSATION
$1M
AGE
69

Hal Tovin

TITLE
Executive VP
COMPENSATION
$692K
AGE
62

Chris Downs

TITLE
Executive Vice President of Consumer Lending - Belmont Savings Bank
COMPENSATION
$533K
AGE
68

John Citrano

TITLE
Executive VP
COMPENSATION
$1M
AGE
54
TENURE
19.3 yrs

Carroll Lowenstein

TITLE
Executive Vice President of Commercial Real Estate Lending at Belmont Savings Bank
COMPENSATION
$1M
AGE
58

Keith Andre

TITLE
Senior VP & CLO
Board of Directors Tenure

Average tenure and age of the BSB Bancorp board of directors in years:

13.3
Average Tenure
70.5
Average Age
  • The average tenure for the BSB Bancorp board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Robert Morrissey

TITLE
Chairman of the Board
COMPENSATION
$122K
AGE
78

Bob Mahoney

TITLE
President
COMPENSATION
$1M
AGE
69
TENURE
9.3 yrs

Hal Tovin

TITLE
Executive VP
COMPENSATION
$692K
AGE
62
TENURE
9.3 yrs

Richard Fougere

TITLE
Director
COMPENSATION
$40K
AGE
68
TENURE
15.3 yrs

John Gahan

TITLE
Director
COMPENSATION
$45K
AGE
69
TENURE
13.3 yrs

John Whittemore

TITLE
Director
COMPENSATION
$89K
AGE
73
TENURE
21.3 yrs

John Borelli

TITLE
Director
COMPENSATION
$34K
AGE
58
TENURE
13.3 yrs

John Greene

TITLE
Director
COMPENSATION
$36K
AGE
72
TENURE
29.3 yrs

S. Farrell

TITLE
Director
COMPENSATION
$79K
AGE
82
TENURE
32.3 yrs

Paul Petry

TITLE
Director
COMPENSATION
$30K
AGE
72
TENURE
5.1 yrs
Who owns this company?
Recent Insider Trading
  • BSB Bancorp insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
26. Mar 19 Sell John Citrano Individual 25. Mar 19 25. Mar 19 -2,947 $31.64 $-93,243
20. Mar 19 Sell Hal Tovin Individual 19. Mar 19 19. Mar 19 -400 $35.00 $-14,000
20. Mar 19 Sell Carroll Lowenstein Individual 20. Mar 19 20. Mar 19 -1,255 $34.10 $-42,796
20. Mar 19 Sell John Citrano Individual 19. Mar 19 20. Mar 19 -3,796 $34.78 $-131,277
19. Mar 19 Sell Carroll Lowenstein Individual 19. Mar 19 19. Mar 19 -1,718 $34.81 $-59,793
19. Mar 19 Sell John Citrano Individual 15. Mar 19 15. Mar 19 -15,839 $34.88 $-552,464
19. Mar 19 Sell Hal Tovin Individual 15. Mar 19 19. Mar 19 -20,989 $34.89 $-729,248
02. Jan 19 Buy M. Brusch Individual 31. Dec 18 31. Dec 18 40 $27.79 $1,112
X
Management checks
We assess BSB Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BSB Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BLMT News

Simply Wall St News

BSB Bancorp Inc (NASDAQ:BLMT): Did It Outperform The Industry?

Assessing BSB Bancorp Inc's (NASDAQ:BLMT) past track record of performance is an insightful exercise for investors. … Today I will assess BLMT's recent performance announced on 30 June 2018 and evaluate these figures to its long-term trend and industry movements. … Commentary On BLMT's Past Performance

Simply Wall St -

Does BSB Bancorp Inc's (NASDAQ:BLMT) PE Ratio Signal A Buying Opportunity?

and want to begin learning the link between BSB Bancorp Inc (NASDAQ:BLMT)’s fundamentals and stock market performance. … BSB Bancorp Inc (NASDAQ:BLMT) is currently trading at a trailing P/E of 18.1x, which is lower than the industry average of 22.5x. … While this makes BLMT appear like a great stock to buy, you might change your mind after I explain the assumptions behind the P/E ratio

Simply Wall St -

Should You Buy BSB Bancorp Inc (NASDAQ:BLMT) At This PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for BLMT Price per share = $29.9 Earnings per share = $1.763 ∴ Price-Earnings Ratio = $29.9 ÷ $1.763 = 17x The P/E ratio isn’t a metric you view in isolation and only becomes useful when you compare it against other similar companies. … For example, if you accidentally compared higher growth firms with BLMT, then BLMT’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price. … Alternatively, if you inadvertently compared less risky firms with BLMT, BLMT’s P/E would again be lower since investors would reward its peers’ lower risk with a higher price as well.

Simply Wall St -

BLMT Company Info

Description

BSB Bancorp, Inc. operates as the holding company for Belmont Savings Bank that provides commercial and retail banking services to small businesses, municipalities, nonprofit organizations, and other customers in the United States. Its deposit products include relationship checking accounts for consumers and businesses, passbook and statement savings accounts, certificates of deposit, money market accounts, interest on lawyer trust accounts, and individual retirement accounts, as well as 0063ommercial, municipal, and regular checking accounts. The company’s loan portfolio comprises 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, other consumer loans, and second mortgage loans. It also offers lockbox, online and mobile banking, global payments, and cash management services. The company operates through six full-service branch offices located in Belmont, Watertown, Waltham, Newton, and Cambridge in Southeast Middlesex County, Massachusetts. The company was founded in 1885 and is headquartered in Belmont, Massachusetts.

Details
Name: BSB Bancorp, Inc.
BLMT
Exchange: NasdaqCM
Founded: 1885
$312,108,240
9,503,905
Website: http://www.belmontsavings.com
Address: BSB Bancorp, Inc.
2 Leonard Street,
Belmont,
Massachusetts, 02478,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM BLMT New Common Stock Nasdaq Capital Market US USD 05. Oct 2011
Number of employees
Current staff
Staff numbers
134
BSB Bancorp employees.
Industry
Thrifts and Mortgage Finance
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/02 00:32
End of day share price update: 2019/03/29 00:00
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.