Seidman Lawrence B maintained its stake in Blue Hills Bancorp Inc (NASDAQ:BHBK) during the first quarter, according to its most recent disclosure with the SEC. The fund owned 281,025 shares of the bank’s stock at the end of the first quarter. Blue Hills Bancorp makes up approximately 3.3% of Seidman Lawrence B’s holdings, making the stock its 11th largest position. Seidman Lawrence B owned approximately 1.18% of Blue Hills Bancorp worth $5,016,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in Blue Hills Bancorp during the fourth quarter worth approximately $124,000. Bank of Montreal Can purchased a new stake in Blue Hills Bancorp during the first quarter worth approximately $144,000. UBS Asset Management Americas Inc. purchased a new stake in Blue Hills Bancorp during the first quarter worth approximately $195,000. GSA Capital Partners LLP purchased a new stake in Blue Hills Bancorp during the fourth quarter worth approximately $244,000. Finally, First Trust Advisors LP increased its stake in Blue Hills Bancorp by 9.4% in the first quarter. First Trust Advisors LP now owns 49,436 shares of the bank’s stock worth $882,000 after buying an additional 4,249 shares in the last quarter. 52.74% of the stock is currently owned by institutional investors.
Blue Hills Bancorp Inc (NASDAQ:BHBK) traded down 1.91% during mid-day trading on Friday, hitting $18.00. The stock had a trading volume of 69,907 shares. The firm has a market cap of $446.89 million, a P/E ratio of 30.51 and a beta of 0.26. The stock has a 50 day moving average of $18.27 and a 200-day moving average of $18.06. Blue Hills Bancorp Inc has a 1-year low of $13.78 and a 1-year high of $19.73.
Blue Hills Bancorp (NASDAQ:BHBK) last posted its quarterly earnings data on Tuesday, April 25th. The bank reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Blue Hills Bancorp had a return on equity of 2.21% and a net margin of 10.60%. The firm had revenue of $22.70 million for the quarter. Analysts predict that Blue Hills Bancorp Inc will post $0.50 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Wednesday, May 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend is Friday, May 26th. Blue Hills Bancorp’s dividend payout ratio is 55.56%.
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In other Blue Hills Bancorp news, Director Peter J. Manning sold 1,700 shares of the company’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $18.39, for a total transaction of $31,263.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Pamela C. Scott sold 2,900 shares of the company’s stock in a transaction on Wednesday, March 8th. The stock was 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. In the last ninety days, insiders have sold 16,797 shares of company stock worth $305,123. Company insiders own 4.00% of the company’s stock.
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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