NORWOOD, Mass.--(BUSINESS WIRE)--Blue Hills Bancorp, Inc. (the “Company” or "Blue Hills Bancorp") (NASDAQ: BHBK), the parent of Blue Hills Bank (the "Bank"), today announced the initiation of a 5% share repurchase program, a $0.02 quarterly cash dividend, and net income of $1,699,000, or $.06 per diluted share, for the second quarter of 2015 compared to net income of $1,306,000, or $.05 per diluted share, for the first quarter of 2015. Net income for the second quarter of 2014 was $761,000, exc