Blue Hills Bancorp, Inc. (NASDAQ:BHBK) CFO Jim Kivlehan bought 12,178 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were acquired at an average price of $21.78 per share, for a total transaction of $265,236.84. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Blue Hills Bancorp (NASDAQ:BHBK) last issued its quarterly earnings data on Wednesday, October 25th. The bank reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Blue Hills Bancorp had a return on equity of 3.51% and a net margin of 19.33%. The company had revenue of $19.78 million for the quarter.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 20th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Tuesday, September 19th. Blue Hills Bancorp’s payout ratio is currently 75.00%.
A number of hedge funds have recently modified their holdings of BHBK. Bank of New York Mellon Corp boosted its position in Blue Hills Bancorp by 6.9% during the first quarter. Bank of New York Mellon Corp now owns 145,728 shares of the bank’s stock valued at $2,601,000 after purchasing an additional 9,435 shares in the last quarter. UBS Asset Management Americas Inc. bought a new stake in Blue Hills Bancorp during the first quarter valued at about $195,000. American International Group Inc. boosted its position in Blue Hills Bancorp by 6.8% during the first quarter. American International Group Inc. now owns 15,135 shares of the bank’s stock valued at $270,000 after purchasing an additional 960 shares in the last quarter. FMR LLC boosted its position in Blue Hills Bancorp by 8.2% during the first quarter. FMR LLC now owns 2,281,813 shares of the bank’s stock valued at $40,731,000 after purchasing an additional 173,644 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in Blue Hills Bancorp by 28.5% during the first quarter. Teachers Advisors LLC now owns 51,192 shares of the bank’s stock valued at $914,000 after purchasing an additional 11,353 shares in the last quarter. 50.37% of the stock is currently owned by institutional investors.
BHBK has been the topic of a number of research reports. Piper Jaffray Companies restated a “hold” rating and set a $21.00 target price on shares of Blue Hills Bancorp in a report on Wednesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.00 price target on shares of Blue Hills Bancorp in a research report on Friday, August 18th. Finally, BidaskClub lowered Blue Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th.
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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