Blue Hills Bancorp, Inc. (BHBK) Receives “Hold” Rating from Piper Jaffray Companies

Piper Jaffray Companies restated their hold rating on shares of Blue Hills Bancorp, Inc. (NASDAQ:BHBK) in a research report sent to investors on Wednesday morning. Piper Jaffray Companies currently has a $21.00 price objective on the bank’s stock.

A number of other brokerages also recently issued reports on BHBK. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $19.00 target price on shares of Blue Hills Bancorp in a research note on Friday, August 18th. BidaskClub downgraded Blue Hills Bancorp from a buy rating to a hold rating in a research note on Thursday, August 10th.

Shares of Blue Hills Bancorp (NASDAQ:BHBK) opened at $21.30 on Wednesday. The company has a market capitalization of $572.31, a PE ratio of 36.72 and a beta of 0.29. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.33.

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 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 business had revenue of $19.78 million during the quarter. research analysts predict that Blue Hills Bancorp will post 0.56 EPS for the current year.

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In other Blue Hills Bancorp news, CFO Jim Kivlehan acquired 12,178 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was purchased at an average cost of $21.78 per share, with a total value of $265,236.84. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the stock. Anchor Capital Advisors LLC increased its position in shares of Blue Hills Bancorp by 1.1% during the 2nd quarter. Anchor Capital Advisors LLC now owns 45,016 shares of the bank’s stock worth $806,000 after purchasing an additional 487 shares during the last quarter. American International Group Inc. increased its position in shares of Blue Hills Bancorp by 6.8% during the 1st quarter. American International Group Inc. now owns 15,135 shares of the bank’s stock worth $270,000 after purchasing an additional 960 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Blue Hills Bancorp by 9.3% during the 2nd quarter. GSA Capital Partners LLP now owns 19,074 shares of the bank’s stock worth $341,000 after purchasing an additional 1,624 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Blue Hills Bancorp by 31.7% during the 2nd quarter. Alliancebernstein L.P. now owns 19,100 shares of the bank’s stock worth $342,000 after purchasing an additional 4,600 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Blue Hills Bancorp by 6.9% during the 1st quarter. Bank of New York Mellon Corp now owns 145,728 shares of the bank’s stock worth $2,601,000 after purchasing an additional 9,435 shares during the last quarter. 50.37% of the stock is owned by hedge funds and other institutional investors.

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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