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.
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.
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.
What are top analysts saying about Blue Hills Bancorp? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Blue Hills Bancorp and related companies.