Bank of Montreal Can Has $144,000 Position in Blue Hills Bancorp, Inc. (NASDAQ:BHBK)

Bank of Montreal Can continued to hold its position in shares of Blue Hills Bancorp, Inc. (NASDAQ:BHBK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,012 shares of the bank’s stock at the close of the second quarter. Bank of Montreal Can’s holdings in Blue Hills Bancorp were worth $144,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of BHBK. First Trust Advisors LP grew its position in shares of Blue Hills Bancorp by 9.4% in the first quarter. First Trust Advisors LP now owns 49,436 shares of the bank’s stock valued at $882,000 after purchasing an additional 4,249 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Blue Hills Bancorp by 6.9% in the first quarter. Bank of New York Mellon Corp now owns 145,728 shares of the bank’s stock valued at $2,601,000 after purchasing an additional 9,435 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new position in shares of Blue Hills Bancorp in the first quarter valued at approximately $195,000. American International Group Inc. grew its position in shares of Blue Hills Bancorp by 6.8% in the first quarter. American International Group Inc. now owns 15,135 shares of the bank’s stock valued at $270,000 after purchasing an additional 960 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its position in shares of Blue Hills Bancorp by 172.3% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 21,513 shares of the bank’s stock valued at $383,000 after purchasing an additional 13,613 shares during the last quarter. 50.38% of the stock is currently owned by institutional investors.

Shares of Blue Hills Bancorp, Inc. (BHBK) opened at 19.40 on Friday. The company’s 50-day moving average price is $18.71 and its 200-day moving average price is $18.23. The firm has a market cap of $482.07 million, a P/E ratio of 27.64 and a beta of 0.23. Blue Hills Bancorp, Inc. has a 12 month low of $14.51 and a 12 month high of $19.73.

Blue Hills Bancorp (NASDAQ:BHBK) last issued its earnings results on Wednesday, July 26th. The bank reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Blue Hills Bancorp had a net margin of 17.56% and a return on equity of 2.94%. The business had revenue of $20.92 million for the quarter. On average, analysts predict that Blue Hills Bancorp, Inc. will post $0.54 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $0.60 dividend on an annualized basis and a yield of 3.09%. Blue Hills Bancorp’s payout ratio is 84.51%.

Several equities analysts have recently commented on BHBK shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.00 target price on shares of Blue Hills Bancorp in a research report on Friday, August 18th. BidaskClub downgraded Blue Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th.

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Blue Hills Bancorp 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.

Institutional Ownership by Quarter for Blue Hills Bancorp (NASDAQ:BHBK)

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