Rhumbline Advisers lessened its holdings in Blue Hills Bancorp (NASDAQ:BHBK) by 14.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 25,428 shares of the bank’s stock after selling 4,466 shares during the quarter. Rhumbline Advisers owned approximately 0.09% of Blue Hills Bancorp worth $511,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of BHBK. SeaCrest Wealth Management LLC bought a new position in Blue Hills Bancorp during the 4th quarter worth approximately $462,000. TD Asset Management Inc. boosted its stake in Blue Hills Bancorp by 35.6% during the 3rd quarter. TD Asset Management Inc. now owns 28,171 shares of the bank’s stock worth $541,000 after acquiring an additional 7,400 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Blue Hills Bancorp by 52.1% during the 3rd quarter. Wells Fargo & Company MN now owns 28,491 shares of the bank’s stock worth $547,000 after acquiring an additional 9,762 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Blue Hills Bancorp by 16.1% during the 3rd quarter. New York State Common Retirement Fund now owns 29,710 shares of the bank’s stock worth $570,000 after acquiring an additional 4,110 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its stake in Blue Hills Bancorp by 70.8% during the 3rd quarter. Nationwide Fund Advisors now owns 32,210 shares of the bank’s stock worth $618,000 after acquiring an additional 13,357 shares during the last quarter. 51.65% of the stock is currently owned by institutional investors.
In other news, Director Scott Smith sold 1,900 shares of the business’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $19.95, for a total value of $37,905.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.70% of the company’s stock.
BHBK stock opened at $20.65 on Friday. 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 has a one year low of $17.35 and a one year high of $22.05. The firm has a market cap of $542.60, a price-to-earnings ratio of 36.88 and a beta of 0.08.
Blue Hills Bancorp (NASDAQ:BHBK) last released its quarterly earnings data on Monday, January 29th. The bank reported $0.16 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.16. Blue Hills Bancorp had a net margin of 16.19% and a return on equity of 3.47%. The firm had revenue of $20.72 million during the quarter. sell-side analysts anticipate that Blue Hills Bancorp will post 0.83 earnings per share for the current fiscal year.
The firm also recently announced a None dividend, which was paid on Wednesday, March 21st. Stockholders of record on Wednesday, March 7th were given a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a dividend yield of 2.97%. Blue Hills Bancorp’s payout ratio is presently 107.14%.
A number of research firms have recently issued reports on BHBK. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $22.50 price objective on shares of Blue Hills Bancorp in a report on Friday, December 22nd. Piper Jaffray reiterated a “hold” rating and issued a $22.50 price objective on shares of Blue Hills Bancorp in a report on Tuesday, January 9th. Finally, BidaskClub downgraded shares of Blue Hills Bancorp from a “hold” rating to a “sell” rating in a report on Friday, January 26th.
Blue Hills Bancorp Company Profile
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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