Wall Street brokerages expect Blue Hills Bancorp Inc (NASDAQ:BHBK) to announce earnings per share of $0.19 for the current quarter, according to Zacks. Zero analysts have made estimates for Blue Hills Bancorp’s earnings. Blue Hills Bancorp reported earnings per share of $0.11 during the same quarter last year, which would suggest a positive year over year growth rate of 72.7%. The business is expected to issue its next quarterly 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 financial year. For the next year, analysts expect that the business will report earnings of $1.00 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Blue Hills Bancorp.
Blue Hills Bancorp (NASDAQ:BHBK) last announced its quarterly earnings results on Monday, January 29th. The bank reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $20.72 million during the quarter. Blue Hills Bancorp had a net margin of 16.19% and a return on equity of 3.47%.
BHBK has been the subject of several recent research reports. BidaskClub upgraded shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Piper Jaffray restated a “hold” rating and set a $22.50 target price on shares of Blue Hills Bancorp in a research report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $22.50 target price on shares of Blue Hills Bancorp in a research report on Friday, December 22nd.
NASDAQ BHBK traded down $0.25 during trading hours on Monday, hitting $20.60. 58,494 shares of the company’s stock traded hands, compared to its average volume of 81,492. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $560.02, a price-to-earnings ratio of 36.79 and a beta of 0.08. Blue Hills Bancorp has a 52 week low of $17.35 and a 52 week high of $22.05.
The company also recently declared a None dividend, which was paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th were given a $0.45 dividend. The ex-dividend date was Tuesday, March 6th. This represents a dividend yield of 2.97%. Blue Hills Bancorp’s payout ratio is currently 107.14%.
In other Blue Hills Bancorp news, Director Scott Smith sold 1,900 shares of the company’s stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $19.95, for a total value of $37,905.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. MetLife Investment Advisors LLC bought a new position in shares of Blue Hills Bancorp in the fourth quarter worth approximately $263,000. SeaCrest Wealth Management LLC bought a new position in shares of Blue Hills Bancorp in the fourth quarter worth approximately $462,000. TD Asset Management Inc. boosted its position in shares of Blue Hills Bancorp by 35.6% in the third quarter. TD Asset Management Inc. now owns 28,171 shares of the bank’s stock worth $541,000 after purchasing an additional 7,400 shares during the period. Wells Fargo & Company MN boosted its position in shares of Blue Hills Bancorp by 52.1% in the third quarter. Wells Fargo & Company MN now owns 28,491 shares of the bank’s stock worth $547,000 after purchasing an additional 9,762 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of 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 worth $570,000 after purchasing an additional 4,110 shares during the period. Institutional investors and hedge funds own 51.65% of the company’s stock.
About Blue Hills Bancorp
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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