Insider Buying: Blue Hills Bancorp, Inc. (BHBK) CFO Acquires 12,178 Shares of Stock
Blue Hills Bancorp, Inc. (NASDAQ:BHBK) CFO Jim Kivlehan purchased 12,178 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was acquired at an average price of $21.78 per share, with a total value of $265,236.84. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Blue Hills Bancorp (NASDAQ:BHBK) last issued its earnings results on Wednesday, October 25th. The bank reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. The company had revenue of $19.78 million during the quarter. Blue Hills Bancorp had a return on equity of 3.51% and a net margin of 19.33%.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Shareholders of record on Wednesday, September 20th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, September 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.76%. Blue Hills Bancorp’s payout ratio is currently 75.00%.
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A number of research firms recently commented on BHBK. Piper Jaffray Companies reiterated a “hold” rating and set a $21.00 price objective on shares of Blue Hills Bancorp in a research report on Wednesday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $19.00 price objective on shares of Blue Hills Bancorp in a research report on Friday, August 18th. Finally, BidaskClub cut Blue Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BHBK. FMR LLC raised its stake in shares of Blue Hills Bancorp by 8.2% during the 1st quarter. FMR LLC now owns 2,281,813 shares of the bank’s stock valued at $40,731,000 after buying an additional 173,644 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Blue Hills Bancorp by 15.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 647,897 shares of the bank’s stock valued at $11,598,000 after buying an additional 86,762 shares during the last quarter. Thrivent Financial For Lutherans purchased a new position in shares of Blue Hills Bancorp during the 2nd quarter valued at about $1,391,000. Vanguard Group Inc. raised its stake in shares of Blue Hills Bancorp by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 1,114,754 shares of the bank’s stock valued at $19,899,000 after buying an additional 51,644 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of Blue Hills Bancorp during the 2nd quarter valued at about $658,000. Institutional investors and hedge funds own 50.37% of the company’s stock.
Blue Hills Bancorp Company Profile
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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