BSB Bancorp, Inc. (Massachusetts)

BSB Bancorp, Inc. (Massachusetts)

BSB Bancorp, Inc. (Massachusetts)

Overview
Date Founded

2011

Headquarters

Belmont Center,2 Leonard Street,Belmont, MA 02478-2518

Type of Company

Public

Employees (Worldwide)

126

Industries

Retail & Commercial Banking
Holding Companies

Company Description

BSB Bancorp, Inc. operates as a bank holding company, which engages in the provision of banking products and services. Its services includes, personal banking, business banking, and loans to individuals, families, municipalities, and businesses . The company was founded on June 2, 2011 and is headquartered in Belmont, MA.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Executive Vice President & Chief Operating Officer

Executive Vice President-Consumer Lending

Executive Vice President for Commercial Real Estate

Board of Directors

Dean at Harvard University - Harvard Law School

President & Chief Executive Officer at BSB Bancorp, Inc. (Massachusetts)

Treasurer at The Winchester Chamber of Commerce

President & Chief Executive Officer at Newfield National Bank

Partner at Murtha Cullina LLP

Managing Partner at A.W. Farrell Associates LLP

Former Director at Boston Mutual Life Insurance Co.

Former President at Partners Financial Insurance Agency, Inc.

Executive Vice President & Chief Operating Officer at BSB Bancorp, Inc. (Massachusetts)

Former Co-Owner at John J. Greene Funeral Home

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BSB Bancorp, Inc. (Massachusetts)
Owners & Shareholders
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The Banc Funds Company manages a variety of funds whose primary objective is to invest in the financial services industry through investments in sub-regional banks, thrifts, and other companies offering financial services. This may include insurance companies, securities brokerage companies, leasing, and finance companies. The funds may invest in insurance contracts, and also in companies that provide business services to banks and other financial companies. Investments by the funds outside the US are are limited to not more than 10% of each fund's portfolio. Investments in any instruments used for hedging purposes are also limited to 10% of the portfolio.

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FJ Capital Management manages a long/short equity hedge fund that employs a fundamental investment approach and focuses on investments in underfollowed financial institutions and small- and mid-cap banks and thrifts.

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Punch & Associates' (P&A) investment management approach incorporates a risk-averse investment philosophy centered on preserving and growing their clients' assets. The firm is a multi-cap manager with the following core strategies: Income, Large-Cap Equity, and Small- and Micro-Cap Equity. For their individual clients, P&A believes the most important decision involves the allocation of assets among different asset classes, supplemented by rigorous fundamental analysis providing the key to successful security selection. They believe it is possible to achieve consistent and superior investment returns through all market environments by using a disciplined and opportunistic style of investing, coupled with a willingness to look different from other mainstream investors.The Punch Small-Cap Strategy invests in equities with market-cap of $250 million to $2 billion. The firm combines intensive bottom-up investment research with elements of behavioral finance to create a portfolio of companies that are purchased at compressed valuations. P&A seeks out sectors and issues with accelerating fundamentals, economically attractive business models and low recognition among the general investing public.The Punch Large-Cap strategy takes a \"hub-and-spoke\" approach to building a portfolio of large-cap equities. A \"hub\" of closed-end or index funds is surrounded with \"spokes\" of concentrated positions in individual stocks taken from the universe of domestic companies with market-cap greater than $5 billion.The Punch Strategic Total Return Strategy (STR) is meant for client accounts that don't meet the minimum investment amount for P&A's other strategies (generally $100,000), although it can also be suitable for larger accounts. It ss a total return strategy that focuses on generating an attractive dividend yield in addition to capital appreciation. Portfolios are constructed using a limited number of closed-end funds, index shares and other pooled vehicles, and the strategy is benchmarked to the S&P 500.The Punch Micro-Cap Equity Strategy applies a similar investment process as the Small-Cap Equity Strategy while screening for companies in the smallest end of the small-cap spectrum (less than $250 million). The strategy is offered to accredited investors and qualified clients through a private investment partnership, PMCP, solely through a Confidential Private Placement Memorandum.The Punch Income Strategy invests in a wide variety of securities with the characteristics of producing durable, predictable yields and price appreciation over full market cycles. Incorporating varied yield vehicles to provide total return in both a taxable and tax-efficient manner, the strategy focuses on total return, emphasizes regular cash flow and takes a \"reversion-to-the-mean\" approach to asset allocation, targeting asset classes that have under-performed over the past 3-5 years.^

Recent Transactions
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People's United Financial, Inc. purchases BSB Bancorp, Inc. (Massachusetts)

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BSB Bancorp, Inc. (Massachusetts) issued Common Stock

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onBSB Bancorp, Inc. (Massachusetts) issued Common Stock

Investment Advisor

Advised onPeople's United Financial, Inc. purchases BSB Bancorp, Inc. (Massachusetts)

Underwriter

Advised onBSB Bancorp, Inc. (Massachusetts) issued Common Stock

Managing Director

Advised onBSB Bancorp, Inc. (Massachusetts) issued Common Stock

Legal Advisor

Advised onBSB Bancorp, Inc. (Massachusetts) issued Common Stock

Key Stats and Financials As of 2017
Market Capitalization
$309M
Total Enterprise Value
$968M
Earnings Per Share
$1.55
Revenue
$80.8M
Net Profit
$14.3M
Total Debt
$726M
Total Equity
$178M
Enterprise Value Sales
11.99x
TEVNet Income
67.8x
Debt TEV
0.75x
Three Year Compounded Annual Growth Rate Of Revenue
24.41%
Five Year Compounded Annual Growth Rate Of Revenue
20.7%
Competitors
Bank of America Corp. Retail & Commercial Banking - Charlotte, NC

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.

Banco Santander SA Retail & Commercial Banking - Madrid, MA

Banco Santander SA engages in the provision of banking services for individuals, companies, and institutions. It operates through the following segments: Retail Banking, Santander Global Corporate Banking, and Spain Real Estate Activity. The Retail Banking segment covers all customer banking businesses, including consumer finance. The Santander Global Corporate Banking segment involves global corporate banking, investment banking, and markets worldwide including all treasuries managed globally, both trading and distribution to customers. The company was founded on March 21, 1857 and is headquartered in Madrid, Spain.

TD Bank Group Retail & Commercial Banking - Toronto, ON

TD Bank is one of the 10 largest banks in the U.S. But we're not like other banks. We're open early, open late and we're even open weekends. We have FREE customer coin counting. We let people keep our pens. And we even have dog biscuits for our four-legged guests. We work hard to create the best experience for our customers. That's what it means to bank human. That's what it means to be Americas Most Convenient Bank®. Our customers say it best. It's more than a name that connects our 1,300+ Stores from Maine to Florida. It's our commitment to convenience and taking the time to listen to our customers. Don't take our word for it. Take theirs.

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