Blue Hills Bancorp Inc (BHBK) Expected to Post Earnings of $0.16 Per Share

Equities research analysts forecast that Blue Hills Bancorp Inc (NASDAQ:BHBK) will post earnings of $0.16 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Blue Hills Bancorp’s earnings. Blue Hills Bancorp reported earnings per share of $0.17 in the same quarter last year, which indicates a negative year-over-year growth rate of 5.9%. The company is scheduled to issue its next earnings report on Wednesday, January 24th.

According to Zacks, analysts expect that Blue Hills Bancorp will report full year earnings of $0.56 per share for the current year. For the next financial year, analysts expect that the firm will report earnings of $0.68 per share. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Blue Hills Bancorp.

Blue Hills Bancorp (NASDAQ:BHBK) last announced its quarterly earnings results on Wednesday, October 25th. The bank reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Blue Hills Bancorp had a return on equity of 3.50% and a net margin of 19.33%. The business had revenue of $19.78 million during the quarter.

BHBK has been the subject of a number of research analyst reports. Piper Jaffray Companies restated a “hold” rating and issued a $21.00 price target on shares of Blue Hills Bancorp in a research report on Wednesday, November 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $19.00 price target on shares of Blue Hills Bancorp in a research report on Friday, August 18th. Finally, BidaskClub cut Blue Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th.

In related news, Director Brian G. Leary sold 1,900 shares of Blue Hills Bancorp stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $20.89, for a total transaction of $39,691.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jim Kivlehan acquired 12,178 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were bought at an average price of $21.78 per share, with a total value of $265,236.84. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 5,367 shares of company stock valued at $108,548. 3.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Anchor Capital Advisors LLC boosted its stake in Blue Hills Bancorp by 1.1% in the 2nd quarter. Anchor Capital Advisors LLC now owns 45,016 shares of the bank’s stock worth $806,000 after buying an additional 487 shares during the last quarter. GSA Capital Partners LLP boosted its stake in Blue Hills Bancorp by 9.3% in the 2nd quarter. GSA Capital Partners LLP now owns 19,074 shares of the bank’s stock worth $341,000 after buying an additional 1,624 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Blue Hills Bancorp by 2.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 144,749 shares of the bank’s stock worth $2,778,000 after buying an additional 3,682 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Blue Hills Bancorp by 16.1% in the 3rd quarter. New York State Common Retirement Fund now owns 29,710 shares of the bank’s stock worth $570,000 after buying an additional 4,110 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Blue Hills Bancorp by 31.7% in the 2nd quarter. Alliancebernstein L.P. now owns 19,100 shares of the bank’s stock worth $342,000 after buying an additional 4,600 shares during the last quarter. Hedge funds and other institutional investors own 51.88% of the company’s stock.

Shares of Blue Hills Bancorp (NASDAQ:BHBK) traded up $0.10 during mid-day trading on Monday, hitting $21.45. The stock had a trading volume of 36,200 shares, compared to its average volume of 60,761. Blue Hills Bancorp has a twelve month low of $16.40 and a twelve month high of $22.05. The stock has a market capitalization of $575.44, a PE ratio of 36.98 and a beta of 0.27. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 29th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Tuesday, November 28th. Blue Hills Bancorp’s dividend payout ratio is presently 75.00%.

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Blue Hills Bancorp Company Profile

Blue Hills Bancorp, Inc is a bank holding company for the Blue Hills Bank (the Bank). Blue Hills Bank is a Massachusetts-chartered savings bank. As of December 31, 2016, the Bank provided financial services to individuals, families, small to mid-size businesses and government and non-profit organizations online and through its 11 full-service branch offices located in Brookline, Dedham, Hyde Park, Milton, Nantucket, Norwood, West Roxbury, and Westwood, Massachusetts.

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