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.
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%.
COPYRIGHT VIOLATION WARNING: “Blue Hills Bancorp Inc (BHBK) Expected to Post Earnings of $0.16 Per Share” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.com-unik.info/2017/12/04/blue-hills-bancorp-inc-bhbk-expected-to-post-earnings-of-0-16-per-share.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Blue Hills Bancorp Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Blue Hills Bancorp Inc and related companies.