Anchor Capital Advisors LLC Reduces Stake in Blue Hills Bancorp, Inc. (BHBK)

Anchor Capital Advisors LLC lowered its stake in shares of Blue Hills Bancorp, Inc. (NASDAQ:BHBK) by 53.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,529 shares of the bank’s stock after selling 50,814 shares during the period. Anchor Capital Advisors LLC owned approximately 0.19% of Blue Hills Bancorp worth $795,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in BHBK. Russell Investments Group Ltd. bought a new stake in shares of Blue Hills Bancorp during the fourth quarter worth $124,000. State Street Corp raised its position in shares of Blue Hills Bancorp by 7.4% in the fourth quarter. State Street Corp now owns 445,809 shares of the bank’s stock worth $8,359,000 after buying an additional 30,667 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Blue Hills Bancorp by 23.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 484,224 shares of the bank’s stock worth $9,079,000 after buying an additional 90,855 shares during the period. FMR LLC raised its position in shares of Blue Hills Bancorp by 19.9% in the fourth quarter. FMR LLC now owns 2,108,169 shares of the bank’s stock worth $39,528,000 after buying an additional 349,308 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of Blue Hills Bancorp during the fourth quarter worth about $244,000. Hedge funds and other institutional investors own 50.71% of the company’s stock.

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

Shares of Blue Hills Bancorp, Inc. (NASDAQ:BHBK) traded down 0.142% during trading on Wednesday, reaching $17.525. The company’s stock had a trading volume of 18,372 shares. The company has a market capitalization of $435.09 million, a P/E ratio of 29.703 and a beta of 0.21. Blue Hills Bancorp, Inc. has a 12 month low of $13.78 and a 12 month high of $19.73. The company’s 50-day moving average is $18.16 and its 200-day moving average is $18.24.

Blue Hills Bancorp (NASDAQ:BHBK) last released its quarterly earnings results on Tuesday, April 25th. The bank reported $0.11 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.11. The firm had revenue of $22.70 million during the quarter. Blue Hills Bancorp had a net margin of 15.94% and a return on equity of 2.46%. On average, analysts forecast that Blue Hills Bancorp, Inc. will post $0.50 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 14th. Stockholders of record on Wednesday, May 31st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 5.70%. The ex-dividend date was Friday, May 26th. Blue Hills Bancorp’s dividend payout ratio (DPR) is presently 33.33%.

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About Blue Hills Bancorp

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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