BidaskClub upgraded shares of Blue Hills Bancorp (NASDAQ:BHBK) from a hold rating to a buy rating in a report published on Tuesday.
A number of other research analysts have also weighed in on BHBK. Piper Jaffray Companies reiterated a hold rating and issued a $21.00 price objective on shares of Blue Hills Bancorp in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods reiterated a hold rating and issued a $22.50 price objective on shares of Blue Hills Bancorp in a research note on Friday, December 22nd.
Shares of Blue Hills Bancorp (BHBK) remained flat at $$20.60 during mid-day trading on Tuesday. The company had a trading volume of 35,600 shares, compared to its average volume of 49,752. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.04. Blue Hills Bancorp has a one year low of $16.40 and a one year high of $22.05. The company has a market cap of $552.65, a PE ratio of 30.66 and a beta of 0.18.
Blue Hills Bancorp (NASDAQ:BHBK) last issued its quarterly earnings results on Monday, January 29th. The bank reported $0.16 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. Blue Hills Bancorp had a net margin of 16.19% and a return on equity of 3.47%. The company had revenue of $20.72 million during the quarter. equities research analysts expect that Blue Hills Bancorp will post 0.83 EPS for the current year.
In other Blue Hills Bancorp news, Director George E. Clancy sold 1,517 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $20.35, for a total value of $30,870.95. Following the completion of the transaction, the director now directly owns 18,795 shares of the company’s stock, valued at approximately $382,478.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.70% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of BHBK. Alliancebernstein L.P. lifted its holdings in shares of Blue Hills Bancorp by 31.7% during the 2nd quarter. Alliancebernstein L.P. now owns 19,100 shares of the bank’s stock worth $342,000 after acquiring an additional 4,600 shares during the last quarter. TIAA CREF Investment Management LLC lifted its holdings in shares of Blue Hills Bancorp by 10.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 120,196 shares of the bank’s stock worth $2,152,000 after acquiring an additional 11,263 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Blue Hills Bancorp by 9.6% during the 2nd quarter. Northern Trust Corp now owns 319,034 shares of the bank’s stock worth $5,711,000 after acquiring an additional 27,948 shares during the last quarter. Vanguard Group Inc. raised its position in Blue Hills Bancorp by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,166,300 shares of the bank’s stock worth $20,877,000 after purchasing an additional 51,546 shares during the period. Finally, FMR LLC raised its position in Blue Hills Bancorp by 5.8% in the 2nd quarter. FMR LLC now owns 2,413,763 shares of the bank’s stock worth $43,207,000 after purchasing an additional 131,950 shares during the period. 51.97% of the stock is owned by institutional investors.
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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