NasdaqCM:BLMT

Stock Analysis Report

Executive Summary

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.

Snowflake

Fundamentals

Excellent balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has BSB Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.8%

BLMT

1.6%

US Mortgage

0.4%

US Market


1 Year Return

8.2%

BLMT

15.2%

US Mortgage

6.9%

US Market


Shareholder returns

BLMTIndustryMarket
7 Day0.8%1.6%0.4%
30 Day-7.6%0.7%-1.1%
90 Day14.4%4.2%-0.5%
1 Year8.2%8.2%17.7%15.2%9.3%6.9%
3 Year48.7%48.7%41.2%31.8%45.8%36.4%
5 Year91.0%91.0%71.5%53.4%62.9%45.1%

Price Volatility Vs. Market

How volatile is BSB Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is BSB Bancorp undervalued compared to its fair value and its price relative to the market?

12.82x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: BLMT ($32.84) is trading above our estimate of fair value ($8.97)

Significantly Undervalued: BLMT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BLMT is good value based on its PE Ratio (12.8x) compared to the Mortgage industry average (14.4x).

PE vs Market: BLMT is good value based on its PE Ratio (12.8x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate BLMT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BLMT is overvalued based on its PB Ratio (1.5x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

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

0.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BLMT's forecast earnings growth (0.2% per year) is below the savings rate (2.7%).

Earnings vs Market: BLMT's earnings (0.2% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: BLMT's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if BLMT's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if BLMT's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Information is not available.


Next Steps

Past Performance

How has BSB Bancorp performed over the past 5 years?

39.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BLMT's earnings have grown significantly by 39.9% per year over the past 5 years.

Accelerating Growth: BLMT's earnings growth over the past year (60.4%) exceeds its 5-year average (39.9% per year).

Earnings vs Industry: BLMT earnings growth over the past year (60.4%) exceeded the Mortgage industry 31.5%.


Return on Equity

High ROE: BLMT's Return on Equity (11.4%) is considered low.


Return on Assets

ROA vs Industry: BLMT's Return on Assets is below or equal to the Mortgage industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate BLMT's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is BSB Bancorp's financial position?


Financial Position Analysis

Short Term Liabilities: BLMT's short term assets ($160.8M) do not cover its short term liabilities ($2.6B)

Long Term Liabilities: BLMT's short term assets (160.8M) do not cover its long term liabilities (254.2M)


Debt to Equity History and Analysis

Debt Level: BLMT's debt to equity ratio (416.8%) is considered high

Reducing Debt: BLMT's debt to equity ratio has increased from 111.8% to 416.8% over the past 5 years.

Debt Coverage: BLMT's debt is not well covered by operating cash flow (7%).

Interest Coverage: Insufficient data to determine if BLMT's interest payments on its debt are well covered by EBIT.


Balance Sheet

Information is not available.

Information is not available.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate BLMT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate BLMT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if BLMT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BLMT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BLMT's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

13.3yrs

Average board tenure


CEO

Bob Mahoney (69yo)

0yrs

Tenure

US$1,002,431

Compensation

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 ...


CEO Compensation Analysis

Information is not available.

Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.


Board Age and Tenure

13.3yrs

Average Tenure

70.5yo

Average Age

Experienced Board: BLMT's board of directors are seasoned and experienced ( 13.3 years average tenure).


Insider Trading

Insider Buying: BLMT insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$93,24326 Mar 19
John Citrano
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares2,947
Max PriceUS$31.64
SellUS$14,00020 Mar 19
Hal Tovin
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares400
Max PriceUS$35.00
SellUS$42,79620 Mar 19
Carroll Lowenstein
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Commercial Real Estate Lending at Belmont Savings Bank
Shares1,255
Max PriceUS$34.10
SellUS$131,27720 Mar 19
John Citrano
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares3,796
Max PriceUS$34.78
SellUS$59,79319 Mar 19
Carroll Lowenstein
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Commercial Real Estate Lending at Belmont Savings Bank
Shares1,718
Max PriceUS$34.81
SellUS$552,46419 Mar 19
John Citrano
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares15,839
Max PriceUS$34.88
SellUS$729,24819 Mar 19
Hal Tovin
EntityIndividual
Role
Member of the Board of Directors
Executive VP
Shares20,989
Max PriceUS$34.89
BuyUS$1,11202 Jan 19
M. Brusch
EntityIndividual
Shares40
Max PriceUS$27.79

Ownership Breakdown


Management Team

  • Hal Tovin (62yo)

    Executive VP

    • Tenure: 9.3yrs
    • Compensation: US$691.94k
  • Bob Mahoney (69yo)

    President

    • Tenure: 0yrs
    • Compensation: US$1.00m
  • Chris Downs (68yo)

    Executive Vice President of Consumer Lending - Belmont Savings Bank

    • Tenure: 0yrs
    • Compensation: US$532.82k
  • John Citrano (54yo)

    Executive VP

    • Tenure: 19.3yrs
    • Compensation: US$1.28m
  • Carroll Lowenstein (58yo)

    Executive Vice President of Commercial Real Estate Lending at Belmont Savings Bank

    • Tenure: 0yrs
    • Compensation: US$1.16m
  • Keith Andre

    Senior VP & CLO

    • Tenure: 0yrs

Board Members

  • Hal Tovin (62yo)

    Executive VP

    • Tenure: 9.3yrs
    • Compensation: US$691.94k
  • Bob Mahoney (69yo)

    President

    • Tenure: 0yrs
    • Compensation: US$1.00m
  • Robert Morrissey (78yo)

    Chairman of the Board

    • Tenure: 0yrs
    • Compensation: US$122.29k
  • Paul Petry (72yo)

    Director

    • Tenure: 5.1yrs
    • Compensation: US$29.60k
  • Richard Fougere (68yo)

    Director

    • Tenure: 15.3yrs
    • Compensation: US$39.60k
  • John Borelli (58yo)

    Director

    • Tenure: 13.3yrs
    • Compensation: US$34.00k
  • John Gahan (69yo)

    Director

    • Tenure: 13.3yrs
    • Compensation: US$44.95k
  • John Greene (72yo)

    Director

    • Tenure: 29.3yrs
    • Compensation: US$35.90k
  • John Whittemore (73yo)

    Director

    • Tenure: 21.3yrs
    • Compensation: US$89.05k
  • S. Farrell (82yo)

    Director

    • Tenure: 32.3yrs
    • Compensation: US$79.05k

Company Information

BSB Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BSB Bancorp, Inc.
  • Ticker: BLMT
  • Exchange: NasdaqCM
  • Founded: 1885
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$312.108m
  • Shares outstanding: 9.50m
  • Website: https://www.belmontsavings.com

Number of Employees


Location

  • BSB Bancorp, Inc.
  • 2 Leonard Street
  • Belmont
  • Massachusetts
  • 2478
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BLMTNasdaqCM (Nasdaq Capital Market)YesNew Common StockUSUSDOct 2011

Biography

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 custo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/04/02 00:32
End of Day Share Price2019/03/29 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.