Blue Hills Bancorp, Inc. (BHBK) Given “Hold” Rating at Keefe, Bruyette & Woods
Blue Hills Bancorp, Inc. (NASDAQ:BHBK)‘s stock had its “hold” rating reiterated by investment analysts at Keefe, Bruyette & Woods in a report released on Friday. They presently have a $19.00 target price on the bank’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 0.26% from the company’s previous close.
Separately, BidaskClub upgraded shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, July 31st.
Blue Hills Bancorp (NASDAQ BHBK) traded up 2.16% during midday trading on Friday, reaching $18.95. The company had a trading volume of 85,182 shares. The stock’s 50 day moving average price is $18.45 and its 200-day moving average price is $18.27. Blue Hills Bancorp has a one year low of $14.12 and a one year high of $19.73. The firm has a market capitalization of $470.89 million, a P/E ratio of 26.99 and a beta of 0.23.
Blue Hills Bancorp (NASDAQ:BHBK) last announced its quarterly earnings results on Wednesday, July 26th. The bank reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.02. Blue Hills Bancorp had a net margin of 17.56% and a return on equity of 2.94%. The business had revenue of $20.92 million for the quarter. On average, equities research analysts anticipate that Blue Hills Bancorp will post $0.54 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new position in shares of Blue Hills Bancorp during the fourth quarter worth approximately $124,000. 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 last quarter. Bank of Montreal Can acquired a new position in shares of Blue Hills Bancorp during the first quarter worth about $144,000. First Trust Advisors LP raised its position in shares of 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 during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Blue Hills Bancorp by 6.9% in the first quarter. Bank of New York Mellon Corp now owns 145,728 shares of the bank’s stock worth $2,601,000 after buying an additional 9,435 shares during the last quarter. Institutional investors and hedge funds own 50.85% of the company’s stock.
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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