Blue Hills Bancorp Inc (BHBK) Given $17.75 Average Price Target by Analysts

Shares of Blue Hills Bancorp Inc (NASDAQ:BHBK) have received an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.

Brokers have set a 1 year consensus price target of $17.75 for the company and are expecting that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also given Blue Hills Bancorp an industry rank of 62 out of 265 based on the ratings given to related companies.

In other news, Director Peter J. Manning sold 1,700 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $18.39, for a total transaction of $31,263.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Pamela C. Scott sold 2,900 shares of Blue Hills Bancorp stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $18.45, for a total value of $53,505.00. The disclosure for this sale can be found here. Insiders have sold 16,797 shares of company stock valued at $305,123 over the last ninety days. 4.00% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. purchased a new stake in Blue Hills Bancorp during the fourth quarter valued at $124,000. Bank of Montreal Can purchased a new stake in Blue Hills Bancorp during the first quarter valued at $144,000. GSA Capital Partners LLP purchased a new stake in Blue Hills Bancorp during the fourth quarter valued at $244,000. Boston Advisors LLC increased its stake 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 last quarter. Finally, TD Asset Management Inc. increased its stake in Blue Hills Bancorp by 38.5% in the third quarter. TD Asset Management Inc. now owns 20,771 shares of the bank’s stock valued at $312,000 after buying an additional 5,771 shares during the last quarter. Hedge funds and other institutional investors own 52.74% of the company’s stock.

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Blue Hills Bancorp (NASDAQ:BHBK) traded down 0.27% during trading on Friday, reaching $18.45. 45,317 shares of the company’s stock were exchanged. Blue Hills Bancorp has a 12-month low of $13.78 and a 12-month high of $19.73. The company has a market cap of $455.90 million, a P/E ratio of 52.71 and a beta of 0.26. The stock’s 50-day moving average is $17.88 and its 200-day moving average is $17.52.

Blue Hills Bancorp (NASDAQ:BHBK) last posted its quarterly earnings data on Wednesday, January 25th. The bank reported $0.17 EPS for the quarter, topping the consensus estimate of $0.10 by $0.07. The company earned $19.76 million during the quarter. Blue Hills Bancorp had a net margin of 10.60% and a return on equity of 2.21%. Analysts predict that Blue Hills Bancorp will post $0.52 EPS for the current fiscal year.

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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