Shares of Blue Hills Bancorp, Inc. (NASDAQ:BHBK) have received an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Analysts have set a 12-month consensus target price of $19.00 for the company and are predicting that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also assigned Blue Hills Bancorp an industry rank of 124 out of 265 based on the ratings given to related companies.
Several research analysts recently weighed in on the stock. BidaskClub raised shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $19.00 target price on shares of Blue Hills Bancorp in a research note on Friday, August 18th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $21.00 target price on shares of Blue Hills Bancorp in a research note on Wednesday, November 1st.
In other news, Director Scott Smith sold 1,950 shares of the company’s stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $19.48, for a total transaction of $37,986.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jim Kivlehan acquired 12,178 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were bought at an average cost of $21.78 per share, with a total value of $265,236.84. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. acquired a new position in shares of Blue Hills Bancorp during the 1st quarter valued at about $195,000. Susquehanna International Group LLP acquired a new position in shares of Blue Hills Bancorp during the 2nd quarter valued at about $269,000. Parametric Portfolio Associates LLC acquired a new position in shares of Blue Hills Bancorp during the 2nd quarter valued at about $277,000. GSA Capital Partners LLP increased its stake in shares of Blue Hills Bancorp by 9.3% during the 2nd quarter. GSA Capital Partners LLP now owns 19,074 shares of the bank’s stock valued at $341,000 after acquiring an additional 1,624 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Blue Hills Bancorp by 31.7% during the 2nd quarter. Alliancebernstein L.P. now owns 19,100 shares of the bank’s stock valued at $342,000 after acquiring an additional 4,600 shares during the last quarter. 50.89% of the stock is owned by institutional investors.
Blue Hills Bancorp (NASDAQ:BHBK) traded down $0.30 during trading hours on Monday, hitting $20.45. The stock had a trading volume of 18,100 shares, compared to its average volume of 61,065. The firm has a market cap of $548.61, a P/E ratio of 35.26 and a beta of 0.29. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. Blue Hills Bancorp has a fifty-two week low of $16.40 and a fifty-two week high of $21.90.
Blue Hills Bancorp (NASDAQ:BHBK) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $19.78 million during the quarter. Blue Hills Bancorp had a return on equity of 3.50% and a net margin of 19.33%. equities analysts forecast that Blue Hills Bancorp will post 0.56 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 29th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Tuesday, November 28th. Blue Hills Bancorp’s payout ratio is 75.00%.
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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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