PDT Partners LLC purchased a new position in Blue Hills Bancorp, Inc. (NASDAQ:BHBK) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 22,400 shares of the bank’s stock, valued at approximately $401,000. PDT Partners LLC owned approximately 0.09% of Blue Hills Bancorp as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of BHBK. UBS Asset Management Americas Inc. purchased a new position in Blue Hills Bancorp in the 1st quarter worth approximately $195,000. American International Group Inc. raised its holdings in Blue Hills Bancorp by 6.8% in the 1st quarter. American International Group Inc. now owns 15,135 shares of the bank’s stock worth $270,000 after acquiring an additional 960 shares during the last quarter. Parametric Portfolio Associates LLC purchased a new position in Blue Hills Bancorp in the 2nd quarter worth approximately $277,000. GSA Capital Partners LLP raised its holdings in Blue Hills Bancorp by 9.3% in the 2nd quarter. GSA Capital Partners LLP now owns 19,074 shares of the bank’s stock worth $341,000 after acquiring an additional 1,624 shares during the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Blue Hills Bancorp by 31.7% in the 2nd quarter. Alliancebernstein L.P. now owns 19,100 shares of the bank’s stock worth $342,000 after acquiring an additional 4,600 shares during the last quarter. 50.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Blue Hills Bancorp, Inc. (BHBK) opened at 20.25 on Tuesday. Blue Hills Bancorp, Inc. has a 52 week low of $14.51 and a 52 week high of $21.90. The stock has a market capitalization of $503.19 million, a price-to-earnings ratio of 28.85 and a beta of 0.24. The firm’s 50-day moving average is $19.18 and its 200-day moving average is $18.48.
Blue Hills Bancorp (NASDAQ:BHBK) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 during the quarter. Analysts forecast that Blue Hills Bancorp, Inc. will post $0.54 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 20th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, September 19th. This represents a $0.60 annualized dividend and a dividend yield of 2.96%. Blue Hills Bancorp’s dividend payout ratio (DPR) is presently 84.51%.
A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $19.00 price objective on shares of Blue Hills Bancorp in a report on Friday, August 18th. BidaskClub lowered shares of Blue Hills Bancorp from a “buy” rating to a “hold” rating in a research note 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.
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