Zacks: Brokerages Set $16.50 Target Price for Blue Hills Bancorp Inc. (BHBK)
Shares of Blue Hills Bancorp Inc. (NASDAQ:BHBK) have earned an average broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company.
Analysts have set a one year consensus price objective of $16.50 for the company and are expecting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Blue Hills Bancorp an industry rank of 112 out of 265 based on the ratings given to related companies.
BHBK has been the topic of a number of analyst reports. TheStreet upgraded shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st. Keefe, Bruyette & Woods cut their price target on shares of Blue Hills Bancorp from $16.00 to $15.50 and set a “market perform” rating on the stock in a research report on Friday, July 29th.
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Blue Hills Bancorp (NASDAQ:BHBK) traded down 0.68% during mid-day trading on Thursday, hitting $14.70. 14,596 shares of the company were exchanged. Blue Hills Bancorp has a 12-month low of $13.22 and a 12-month high of $16.58. The company has a 50 day moving average of $14.75 and a 200 day moving average of $14.42. The stock has a market cap of $372.06 million, a P/E ratio of 51.40 and a beta of 0.15.
Blue Hills Bancorp (NASDAQ:BHBK) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.02. Blue Hills Bancorp had a net margin of 9.91% and a return on equity of 1.82%. On average, equities research analysts expect that Blue Hills Bancorp will post $0.19 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Wednesday, August 31st were issued a dividend of $0.03 per share. The ex-dividend date was Monday, August 29th. This represents a $0.12 annualized dividend and a yield of 0.81%. Blue Hills Bancorp’s dividend payout ratio (DPR) is currently 42.86%.
Hedge funds have recently made changes to their positions in the company. Boston Advisors LLC bought a new stake in shares of Blue Hills Bancorp during the second quarter valued at approximately $258,000. Commonwealth Equity Services Inc increased its stake in shares of Blue Hills Bancorp by 55.8% in the second quarter. Commonwealth Equity Services Inc now owns 20,601 shares of the company’s stock valued at $304,000 after buying an additional 7,376 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Blue Hills Bancorp by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 120,133 shares of the company’s stock valued at $1,774,000 after buying an additional 1,946 shares during the period. TD Asset Management Inc. increased its stake in shares of Blue Hills Bancorp by 13.6% in the second quarter. TD Asset Management Inc. now owns 15,000 shares of the company’s stock valued at $221,000 after buying an additional 1,800 shares during the period. Finally, Swiss National Bank increased its stake in shares of Blue Hills Bancorp by 11.8% in the second quarter. Swiss National Bank now owns 49,100 shares of the company’s stock valued at $725,000 after buying an additional 5,200 shares during the period. Hedge funds and other institutional investors own 51.18% of the company’s stock.
About Blue Hills Bancorp
Blue Hills Bancorp, Inc (Blue Hills Bancorp) is a bank holding company for the Blue Hills Bank (the Bank). Blue Hills Bank is a Massachusetts-chartered savings bank. The Bank provides financial services to individuals, families, small to mid-size businesses and government and non-profit organizations online and through its approximately 11 full-service branch offices located in Brookline, Dedham, Hyde Park, Milton, Nantucket, Norwood, West Roxbury, and Westwood, Massachusetts.
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