Piper Jaffray Companies reaffirmed their hold rating on shares of Blue Hills Bancorp, Inc. (NASDAQ:BHBK) in a research note released on Wednesday, November 1st. Piper Jaffray Companies currently has a $21.00 target price on the bank’s stock.
Other research analysts also recently issued reports about the company. Keefe, Bruyette & Woods reiterated a hold rating and issued a $19.00 target price on shares of Blue Hills Bancorp in a research note on Friday, August 18th. BidaskClub cut Blue Hills Bancorp from a buy rating to a hold rating in a report on Thursday, August 10th.
Blue Hills Bancorp (NASDAQ BHBK) opened at $20.25 on Wednesday. Blue Hills Bancorp has a 12 month low of $16.40 and a 12 month high of $21.90. The firm has a market capitalization of $537.88, a P/E ratio of 34.57 and a beta of 0.29. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.28.
Blue Hills Bancorp (NASDAQ:BHBK) last announced its earnings results on Wednesday, October 25th. The bank reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. Blue Hills Bancorp had a return on equity of 3.50% and a net margin of 19.33%. The company had revenue of $19.78 million for the quarter. equities research analysts predict that Blue Hills Bancorp will post 0.56 earnings per share for the current fiscal year.
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In related news, Director Scott Smith sold 1,950 shares of Blue Hills Bancorp stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $19.48, for a total transaction of $37,986.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jim Kivlehan acquired 12,178 shares of Blue Hills Bancorp stock in a transaction that occurred on Tuesday, October 31st. The shares were purchased at an average cost of $21.78 per share, with a total value of $265,236.84. The disclosure for this purchase can be found here. 3.70% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of BHBK. FMR LLC raised its holdings in Blue Hills Bancorp by 8.2% during the first quarter. FMR LLC now owns 2,281,813 shares of the bank’s stock worth $40,731,000 after purchasing an additional 173,644 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Blue Hills Bancorp by 15.5% during the second quarter. Dimensional Fund Advisors LP now owns 647,897 shares of the bank’s stock worth $11,598,000 after purchasing an additional 86,762 shares during the last quarter. Thrivent Financial For Lutherans acquired a new position in Blue Hills Bancorp during the second quarter worth $1,391,000. Vanguard Group Inc. raised its holdings in Blue Hills Bancorp by 4.9% during the first quarter. Vanguard Group Inc. now owns 1,114,754 shares of the bank’s stock worth $19,899,000 after purchasing an additional 51,644 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Blue Hills Bancorp during the second quarter worth $658,000. 50.42% of the stock is owned by hedge funds and other institutional investors.
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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