Blue Hills Bancorp, Inc. (NASDAQ:BHBK) Director Scott Smith sold 1,950 shares of the company’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $19.48, for a total transaction of $37,986.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Blue Hills Bancorp, Inc. (BHBK) traded up $0.20 during mid-day trading on Monday, hitting $20.05. 34,200 shares of the company’s stock traded hands, compared to its average volume of 51,998. The stock has a market capitalization of $537.88, a price-to-earnings ratio of 34.57 and a beta of 0.29. Blue Hills Bancorp, Inc. has a 1-year low of $16.15 and a 1-year high of $21.90. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28.
Blue Hills Bancorp (NASDAQ:BHBK) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The business had revenue of $19.78 million during the quarter. Blue Hills Bancorp had a net margin of 19.33% and a return on equity of 3.50%. sell-side analysts expect that Blue Hills Bancorp, Inc. will post 0.56 EPS for the current year.
A number of analysts recently weighed in on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $21.00 price objective on shares of Blue Hills Bancorp in a research note on Wednesday, November 1st. BidaskClub raised shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Blue Hills Bancorp in a research note on Friday, August 18th.
Hedge funds have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. purchased a new stake in shares of Blue Hills Bancorp during the first quarter valued at about $195,000. Susquehanna International Group LLP purchased a new stake in shares of Blue Hills Bancorp during the second quarter valued at about $269,000. American International Group Inc. lifted 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 valued at $270,000 after buying an additional 960 shares during the last quarter. Parametric Portfolio Associates LLC purchased a new stake in shares of Blue Hills Bancorp during the second quarter valued at about $277,000. Finally, GSA Capital Partners LLP lifted its position in shares of Blue Hills Bancorp by 9.3% during the second quarter. GSA Capital Partners LLP now owns 19,074 shares of the bank’s stock valued at $341,000 after buying an additional 1,624 shares during the last quarter. 50.42% of the stock is owned by institutional investors and hedge funds.
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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