Blue Hills Bancorp Inc (BHBK) Given Average Rating of “Strong Buy” by Analysts

Blue Hills Bancorp Inc (NASDAQ:BHBK) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating. Blue Hills Bancorp’s rating score has improved by 66.7% from three months ago as a result of various analysts’ ratings changes.

Brokerages have set a 1 year consensus target price of $22.00 for the company and are anticipating that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given Blue Hills Bancorp an industry rank of 20 out of 265 based on the ratings given to its competitors.

A number of research firms have weighed in on BHBK. BidaskClub upgraded shares of Blue Hills Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, February 5th. Piper Jaffray Companies restated a “hold” rating and set a $21.00 target price on shares of Blue Hills Bancorp in a research report on Wednesday, November 1st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $22.50 target price on shares of Blue Hills Bancorp in a research report on Friday, December 22nd.

Blue Hills Bancorp (NASDAQ BHBK) opened at $20.30 on Wednesday. The firm has a market cap of $541.92, a P/E ratio of 29.85 and a beta of 0.18. Blue Hills Bancorp has a 12-month low of $16.40 and a 12-month high of $22.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 1.04.

Blue Hills Bancorp (NASDAQ:BHBK) last posted its quarterly earnings results on Monday, January 29th. The bank reported $0.16 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.16. The business had revenue of $20.72 million during the quarter. Blue Hills Bancorp had a net margin of 16.19% and a return on equity of 3.47%. sell-side analysts anticipate that Blue Hills Bancorp will post 0.83 EPS for the current year.

In related news, Director George E. Clancy sold 1,517 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $20.35, for a total transaction of $30,870.95. Following the completion of the transaction, the director now owns 18,795 shares in the company, valued at $382,478.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brian G. Leary sold 1,900 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $20.89, for a total transaction of $39,691.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,517 shares of company stock valued at $92,991. 3.70% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in BHBK. Polaris Capital Management LLC raised its stake in Blue Hills Bancorp by 3,370.4% during the fourth quarter. Polaris Capital Management LLC now owns 1,148,692 shares of the bank’s stock valued at $18,034,000 after purchasing an additional 1,115,592 shares in the last quarter. FMR LLC raised its stake in Blue Hills Bancorp by 5.8% during the second quarter. FMR LLC now owns 2,413,763 shares of the bank’s stock valued at $43,207,000 after purchasing an additional 131,950 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Blue Hills Bancorp by 15.5% during the second quarter. Dimensional Fund Advisors LP now owns 647,897 shares of the bank’s stock valued at $11,598,000 after purchasing an additional 86,762 shares in the last quarter. BlackRock Inc. raised its stake in Blue Hills Bancorp by 4.3% during the fourth quarter. BlackRock Inc. now owns 1,342,868 shares of the bank’s stock valued at $26,992,000 after purchasing an additional 54,825 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Blue Hills Bancorp by 4.6% during the second quarter. Vanguard Group Inc. now owns 1,166,300 shares of the bank’s stock valued at $20,877,000 after purchasing an additional 51,546 shares in the last quarter. 51.97% of the stock is currently owned by institutional investors.

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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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