ValuEngine upgraded shares of Blue Hills Bancorp (NASDAQ:BHBK) from a hold rating to a buy rating in a research report report published on Monday, February 4th.
A number of other research analysts have also commented on BHBK. Zacks Investment Research lowered Blue Hills Bancorp from a hold rating to a sell rating in a research report on Tuesday, October 16th. BidaskClub lowered Blue Hills Bancorp from a buy rating to a hold rating in a research report on Wednesday, October 24th. Keefe, Bruyette & Woods raised Blue Hills Bancorp from a market perform rating to an outperform rating and increased their target price for the stock from $23.50 to $27.18 in a research report on Friday, November 2nd. Finally, Compass Point lowered Blue Hills Bancorp from a buy rating to a neutral rating in a research report on Tuesday, January 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $27.09.
BHBK stock traded up $0.09 during trading on Monday, hitting $24.97. 121,210 shares of the company traded hands, compared to its average volume of 130,318. The stock has a market capitalization of $665.03 million, a PE ratio of 24.24 and a beta of 0.41. Blue Hills Bancorp has a 1 year low of $19.50 and a 1 year high of $25.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 1.02.
Blue Hills Bancorp (NASDAQ:BHBK) last issued its earnings results on Wednesday, January 23rd. The bank reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $22.20 million during the quarter, compared to analysts’ expectations of $19.80 million. Blue Hills Bancorp had a return on equity of 6.50% and a net margin of 20.98%. Analysts anticipate that Blue Hills Bancorp will post 1.16 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 19th. Investors of record on Tuesday, March 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend is Monday, March 4th. Blue Hills Bancorp’s dividend payout ratio (DPR) is presently 77.67%.
In related news, Director Scott Smith sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 24th. The stock was sold at an average price of $23.13, for a total transaction of $69,390.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Driscoll sold 5,000 shares of the stock in a transaction on Thursday, February 28th. The shares were sold at an average price of $24.77, for a total value of $123,850.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,487 shares of company stock valued at $2,529,424. 6.60% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in Blue Hills Bancorp by 13.7% during the 4th quarter. BlackRock Inc. now owns 1,580,078 shares of the bank’s stock valued at $33,719,000 after purchasing an additional 190,445 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Blue Hills Bancorp by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,158,813 shares of the bank’s stock worth $27,927,000 after buying an additional 34,087 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of Blue Hills Bancorp by 3.0% in the 3rd quarter. Vanguard Group Inc now owns 1,158,813 shares of the bank’s stock worth $27,927,000 after buying an additional 34,087 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Blue Hills Bancorp by 8.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,056,662 shares of the bank’s stock worth $25,466,000 after buying an additional 81,905 shares during the last quarter. Finally, ARP Americas LP boosted its stake in shares of Blue Hills Bancorp by 310.6% in the 4th quarter. ARP Americas LP now owns 503,312 shares of the bank’s stock worth $10,741,000 after buying an additional 380,723 shares during the last quarter. Institutional investors and hedge funds own 52.53% of the company’s stock.
Blue Hills Bancorp Company Profile
Blue Hills Bancorp, Inc operates as the bank holding company for Blue Hills Bank that provides financial services to individuals, families, small to mid-size businesses, government, and non-profit organizations in Massachusetts. The company accepts passbook and statement savings, money market, commercial and regular checking, as well as certificates of deposit and IRAs.
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