Royce & Associates LP decreased its holdings in Blue Hills Bancorp Inc (NASDAQ:BHBK) by 11.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 374,800 shares of the bank’s stock after selling 46,936 shares during the quarter. Royce & Associates LP owned 1.40% of Blue Hills Bancorp worth $9,033,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its holdings in Blue Hills Bancorp by 274.8% during the 2nd quarter. Acadian Asset Management LLC now owns 36,733 shares of the bank’s stock valued at $816,000 after buying an additional 26,932 shares in the last quarter. First Trust Advisors LP lifted its holdings in Blue Hills Bancorp by 21.0% during the 2nd quarter. First Trust Advisors LP now owns 37,971 shares of the bank’s stock valued at $843,000 after buying an additional 6,599 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Blue Hills Bancorp by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 179,456 shares of the bank’s stock valued at $3,984,000 after buying an additional 3,424 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in Blue Hills Bancorp by 74.5% during the 2nd quarter. GSA Capital Partners LLP now owns 28,654 shares of the bank’s stock valued at $636,000 after buying an additional 12,234 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Blue Hills Bancorp by 2.2% during the 2nd quarter. BlackRock Inc. now owns 1,368,923 shares of the bank’s stock valued at $30,391,000 after buying an additional 28,815 shares in the last quarter. 54.04% of the stock is owned by institutional investors.
NASDAQ:BHBK opened at $22.69 on Friday. Blue Hills Bancorp Inc has a one year low of $18.45 and a one 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. The stock has a market capitalization of $609.14 million, a PE ratio of 40.52 and a beta of 0.16.
Blue Hills Bancorp (NASDAQ:BHBK) last posted its quarterly earnings results on Wednesday, October 24th. The bank reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. Blue Hills Bancorp had a net margin of 17.82% and a return on equity of 5.72%. The business had revenue of $23.32 million during the quarter, compared to analyst estimates of $23.00 million. Research analysts forecast that Blue Hills Bancorp Inc will post 0.98 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Stockholders of record on Tuesday, December 4th will be issued a $0.20 dividend. The ex-dividend date is Monday, December 3rd. This represents a $0.80 annualized dividend and a dividend yield of 3.53%. Blue Hills Bancorp’s dividend payout ratio is currently 142.86%.
A number of equities research analysts recently weighed in on BHBK shares. BidaskClub upgraded shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, August 16th. ValuEngine upgraded shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, September 22nd. Piper Jaffray Companies lowered shares of Blue Hills Bancorp from an “overweight” rating to a “neutral” rating in a report on Tuesday, September 25th. Zacks Investment Research lowered shares of Blue Hills Bancorp from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Finally, Keefe, Bruyette & Woods upgraded shares of Blue Hills Bancorp from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $23.50 to $27.18 in a report on Friday, November 2nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $24.89.
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About Blue Hills Bancorp
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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