Equities analysts predict that Blue Hills Bancorp, Inc. (NASDAQ:BHBK) will announce earnings per share (EPS) of $0.16 for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Blue Hills Bancorp’s earnings. Blue Hills Bancorp reported earnings per share of $0.07 in the same quarter last year, which would indicate a positive year over year growth rate of 128.6%. The business is expected to report its next earnings report on Wednesday, October 25th.

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 fiscal year, analysts anticipate that the company will report earnings of $0.68 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Blue Hills Bancorp.

Blue Hills Bancorp (NASDAQ:BHBK) last issued its earnings results on Wednesday, July 26th. The bank reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Blue Hills Bancorp had a net margin of 17.56% and a return on equity of 2.94%. The business had revenue of $20.92 million during the quarter.

BHBK has been the subject of a number of recent analyst reports. BidaskClub raised shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $19.00 price target on shares of Blue Hills Bancorp in a research report on Friday, August 18th.

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Several hedge funds have recently added to or reduced their stakes in BHBK. Bank of Montreal Can acquired a new stake in shares of Blue Hills Bancorp during the first quarter worth approximately $144,000. UBS Asset Management Americas Inc. acquired a new stake in shares of Blue Hills Bancorp during the first quarter worth approximately $195,000. Susquehanna International Group LLP acquired a new stake in shares of Blue Hills Bancorp during the second quarter worth approximately $269,000. American International Group Inc. grew its position in shares of Blue Hills Bancorp by 6.8% during the first quarter. American International Group Inc. now owns 15,135 shares of the bank’s stock worth $270,000 after buying an additional 960 shares in the last quarter. Finally, Parametric Portfolio Associates LLC acquired a new stake in shares of Blue Hills Bancorp during the second quarter worth approximately $277,000. 50.38% of the stock is owned by institutional investors and hedge funds.

Shares of Blue Hills Bancorp (NASDAQ BHBK) traded up 1.50% on Friday, hitting $20.25. 98,031 shares of the stock traded hands. The firm has a market cap of $503.19 million, a P/E ratio of 28.85 and a beta of 0.24. Blue Hills Bancorp has a 12-month low of $14.51 and a 12-month high of $20.45. The firm’s 50-day moving average is $18.96 and its 200 day moving average is $18.35.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 20th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date was Tuesday, September 19th. Blue Hills Bancorp’s payout ratio is currently 84.51%.

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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