Blue Hills Bancorp (BHBK) Expected to Announce Earnings of $0.19 Per Share

Equities research analysts expect that Blue Hills Bancorp (NASDAQ:BHBK) will announce $0.19 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for Blue Hills Bancorp’s earnings. Blue Hills Bancorp posted earnings per share of $0.11 during the same quarter last year, which would indicate a positive year-over-year growth rate of 72.7%. The business is scheduled to issue its next earnings results on Tuesday, April 24th.

On average, analysts expect that Blue Hills Bancorp will report full year earnings of $0.83 per share for the current year. For the next financial year, analysts expect that the firm will post earnings of $1.00 per share. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Blue Hills Bancorp.

Blue Hills Bancorp (NASDAQ:BHBK) last posted its earnings results on Monday, January 29th. The bank reported $0.16 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. Blue Hills Bancorp had a net margin of 16.19% and a return on equity of 3.47%. The firm had revenue of $20.72 million during the quarter.

Several research firms have weighed in on BHBK. Keefe, Bruyette & Woods restated a “hold” rating and set a $22.50 target price on shares of Blue Hills Bancorp in a report on Friday, December 22nd. BidaskClub upgraded shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, March 27th. Finally, Piper Jaffray reiterated a “hold” rating and set a $22.50 price target on shares of Blue Hills Bancorp in a report on Tuesday, January 9th.

In other news, Director Scott Smith sold 1,900 shares of Blue Hills Bancorp stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $19.95, for a total transaction of $37,905.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.70% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. MetLife Investment Advisors LLC purchased a new stake in shares of Blue Hills Bancorp during the fourth quarter worth about $263,000. SeaCrest Wealth Management LLC purchased a new stake in Blue Hills Bancorp in the fourth quarter valued at approximately $462,000. Wells Fargo & Company MN grew its holdings in Blue Hills Bancorp by 52.1% in the third quarter. Wells Fargo & Company MN now owns 28,491 shares of the bank’s stock valued at $547,000 after purchasing an additional 9,762 shares during the period. New York State Common Retirement Fund grew its holdings in Blue Hills Bancorp by 16.1% in the third quarter. New York State Common Retirement Fund now owns 29,710 shares of the bank’s stock valued at $570,000 after purchasing an additional 4,110 shares during the period. Finally, Nationwide Fund Advisors grew its holdings in Blue Hills Bancorp by 70.8% in the third quarter. Nationwide Fund Advisors now owns 32,210 shares of the bank’s stock valued at $618,000 after purchasing an additional 13,357 shares during the period. Institutional investors and hedge funds own 51.65% of the company’s stock.

NASDAQ:BHBK traded down $0.05 during mid-day trading on Thursday, hitting $20.60. 50,207 shares of the company’s stock traded hands, compared to its average volume of 78,385. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.26. Blue Hills Bancorp has a 1 year low of $17.35 and a 1 year high of $22.05. The company has a market capitalization of $542.60, a P/E ratio of 36.79 and a beta of 0.08.

The company also recently declared a None dividend, which was paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a dividend yield of 2.97%. Blue Hills Bancorp’s dividend payout ratio (DPR) is presently 107.14%.

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Blue Hills Bancorp Company Profile

Blue Hills Bancorp, Inc operates as the bank holding company for Blue Hills Bank that provides financial services to individuals, families, small to mid-size businesses, government, and non-profit organizations in Massachusetts. The company accepts passbook and statement savings, money market, commercial and regular checking, as well as certificates of deposit and IRAs.

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