Brokerages Expect Blue Hills Bancorp (BHBK) to Post $0.19 EPS

Shares of Blue Hills Bancorp (NASDAQ:BHBK) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation. Blue Hills Bancorp’s rating score has improved by 66.7% from three months ago as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a twelve-month consensus price target of $22.00 for the company and are predicting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Blue Hills Bancorp an industry rank of 173 out of 265 based on the ratings given to related companies.

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BHBK has been the subject of a number of recent research reports. BidaskClub upgraded Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, February 13th. Piper Jaffray restated a “hold” rating and issued a $22.50 price target on shares of Blue Hills Bancorp in a research note on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $22.50 price target on shares of Blue Hills Bancorp in a research note on Friday, December 22nd.

In other news, Director Scott Smith sold 1,900 shares of the business’s stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $19.95, for a total value of $37,905.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC purchased a new stake in Blue Hills Bancorp during the fourth quarter valued at $263,000. Deutsche Bank AG grew its holdings in Blue Hills Bancorp by 102.1% during the fourth quarter. Deutsche Bank AG now owns 58,785 shares of the bank’s stock valued at $1,180,000 after purchasing an additional 29,702 shares during the period. Renaissance Technologies LLC grew its holdings in Blue Hills Bancorp by 3.2% during the fourth quarter. Renaissance Technologies LLC now owns 269,700 shares of the bank’s stock valued at $5,421,000 after purchasing an additional 8,300 shares during the period. BlackRock Inc. grew its holdings in Blue Hills Bancorp by 4.3% during the fourth quarter. BlackRock Inc. now owns 1,342,868 shares of the bank’s stock valued at $26,992,000 after purchasing an additional 54,825 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Blue Hills Bancorp by 25.1% during the fourth quarter. Bank of New York Mellon Corp now owns 181,115 shares of the bank’s stock valued at $3,641,000 after purchasing an additional 36,366 shares during the period. Institutional investors own 51.65% of the company’s stock.

Shares of NASDAQ:BHBK opened at $20.80 on Friday. The firm has a market cap of $558.68, a price-to-earnings ratio of 36.49 and a beta of 0.08. Blue Hills Bancorp has a 12-month low of $17.35 and a 12-month high of $22.05. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.04 and a quick ratio of 1.03.

Blue Hills Bancorp (NASDAQ:BHBK) last announced its quarterly earnings data on Monday, January 29th. The bank reported $0.16 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.16. The business had revenue of $20.72 million during the quarter. Blue Hills Bancorp had a return on equity of 3.47% and a net margin of 16.19%. research analysts anticipate that Blue Hills Bancorp will post 0.83 EPS for the current year.

The firm also recently declared a None dividend, which was paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th were paid a $0.45 dividend. This represents a dividend yield of 2.97%. The ex-dividend date was Tuesday, March 6th. Blue Hills Bancorp’s dividend payout ratio is currently 107.14%.

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About Blue Hills Bancorp

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.

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