Blue Hills Bancorp (BHBK) Earns “Hold” Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their hold rating on shares of Blue Hills Bancorp (NASDAQ:BHBK) in a research note released on Friday. They currently have a $22.50 price objective on the bank’s stock.

Several other research firms have also recently weighed in on BHBK. Piper Jaffray Companies restated a hold rating and set a $21.00 target price on shares of Blue Hills Bancorp in a research note on Wednesday, November 1st. BidaskClub downgraded shares of Blue Hills Bancorp from a buy rating to a hold rating in a report on Tuesday, December 12th.

Shares of Blue Hills Bancorp (NASDAQ:BHBK) opened at $20.75 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $562.02, a P/E ratio of 25.94 and a beta of 0.27. Blue Hills Bancorp has a 12 month low of $16.40 and a 12 month high of $22.05.

Blue Hills Bancorp (NASDAQ:BHBK) last released its earnings results on Wednesday, October 25th. The bank reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. Blue Hills Bancorp had a return on equity of 3.50% and a net margin of 19.33%. The firm 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.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Wednesday, November 29th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, November 28th. This represents a $0.60 dividend on an annualized basis and a yield of 2.89%. Blue Hills Bancorp’s payout ratio is 75.00%.

In other Blue Hills Bancorp news, Director Brian G. Leary sold 1,900 shares of the stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $20.89, for a total transaction of $39,691.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jim Kivlehan purchased 12,178 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were acquired at an average price of $21.78 per share, with a total value of $265,236.84. The disclosure for this purchase can be found here. Insiders sold 6,467 shares of company stock valued at $130,977 over the last 90 days. 3.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of BHBK. GSA Capital Partners LLP boosted 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 in the last quarter. Bank of New York Mellon Corp lifted its position in Blue Hills Bancorp by 2.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 144,749 shares of the bank’s stock valued at $2,778,000 after acquiring an additional 3,682 shares in the last quarter. New York State Common Retirement Fund lifted its position in Blue Hills Bancorp by 16.1% in the 3rd quarter. New York State Common Retirement Fund now owns 29,710 shares of the bank’s stock valued at $570,000 after acquiring an additional 4,110 shares in the last quarter. Alliancebernstein L.P. lifted its position in Blue Hills Bancorp by 31.7% in the 2nd quarter. Alliancebernstein L.P. now owns 19,100 shares of the bank’s stock valued at $342,000 after acquiring an additional 4,600 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Blue Hills Bancorp by 14.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 50,450 shares of the bank’s stock valued at $969,000 after acquiring an additional 6,550 shares in the last quarter. Hedge funds and other institutional investors own 51.88% of the company’s stock.

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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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