Blue Hills Bancorp Inc (NASDAQ:BHBK) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating. Blue Hills Bancorp’s rating score has declined by 50% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokers have set a 12 month consensus price target of $18.00 for the company and are expecting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also assigned Blue Hills Bancorp an industry rank of 56 out of 265 based on the ratings given to its competitors.
Blue Hills Bancorp (NASDAQ:BHBK) opened at 18.65 on Friday. Blue Hills Bancorp has a one year low of $13.78 and a one year high of $19.73. The company has a market capitalization of $445.94 million, a price-to-earnings ratio of 31.61 and a beta of 0.26. The firm has a 50-day moving average of $17.97 and a 200 day moving average of $17.79.
Blue Hills Bancorp (NASDAQ:BHBK) last released its quarterly earnings data on Tuesday, April 25th. The bank reported $0.11 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.11. Blue Hills Bancorp had a net margin of 10.60% and a return on equity of 2.21%. The company earned $22.70 million during the quarter. Equities research analysts predict that Blue Hills Bancorp will post $0.47 earnings per share for the current fiscal year.
In related news, Director Pamela C. Scott sold 11,000 shares of the company’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $18.03, for a total value of $198,330.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter J. Manning sold 1,700 shares of the company’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $18.39, for a total transaction of $31,263.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,797 shares of company stock valued at $305,123. 4.00% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of BHBK. Russell Investments Group Ltd. bought a new position in Blue Hills Bancorp during the fourth quarter valued at about $124,000. Bank of Montreal Can bought a new position in Blue Hills Bancorp during the first quarter valued at about $144,000. UBS Asset Management Americas Inc. bought a new position in Blue Hills Bancorp during the first quarter valued at about $195,000. GSA Capital Partners LLP bought a new position in Blue Hills Bancorp during the fourth quarter valued at about $244,000. Finally, Boston Advisors LLC increased its position in Blue Hills Bancorp by 6.8% in the third quarter. Boston Advisors LLC now owns 18,680 shares of the bank’s stock valued at $281,000 after buying an additional 1,195 shares during the period. Hedge funds and other institutional investors own 52.74% of the company’s stock.
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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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