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%.
COPYRIGHT VIOLATION NOTICE: This piece of content was first published by Zolmax and is the property of of Zolmax. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://zolmax.com/investing/blue-hills-bancorp-bhbk-expected-to-announce-earnings-of-0-19-per-share-2/2118698.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Blue Hills Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Hills Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.