Boston Advisors LLC acquired a new stake in Blue Hills Bancorp Inc. (NASDAQ:BHBK) during the second quarter, Holdings Channel reports. The firm acquired 17,485 shares of the company’s stock, valued at approximately $258,000.
Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Blue Hills Bancorp by 5.1% in the first quarter. Geode Capital Management LLC now owns 204,203 shares of the company’s stock valued at $2,791,000 after buying an additional 9,903 shares in the last quarter. Strs Ohio raised its position in shares of Blue Hills Bancorp by 4.1% in the second quarter. Strs Ohio now owns 45,800 shares of the company’s stock valued at $676,000 after buying an additional 1,800 shares in the last quarter. Finally, UBS Asset Management Americas Inc. bought a new position in shares of Blue Hills Bancorp during the first quarter valued at approximately $172,000. Hedge funds and other institutional investors own 51.18% of the company’s stock.
Shares of Blue Hills Bancorp Inc. (NASDAQ:BHBK) traded down 0.61% during midday trading on Friday, reaching $14.76. 71,975 shares of the company traded hands. The company’s 50 day moving average is $14.71 and its 200-day moving average is $14.40. The stock has a market capitalization of $373.58 million, a price-to-earnings ratio of 51.61 and a beta of 0.15. Blue Hills Bancorp Inc. has a 12 month low of $13.22 and a 12 month high of $16.58.
Blue Hills Bancorp (NASDAQ:BHBK) last posted its earnings results on Thursday, July 21st. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.02. Blue Hills Bancorp had a net margin of 9.91% and a return on equity of 1.82%. Equities research analysts forecast that Blue Hills Bancorp Inc. will post $0.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders of record on Wednesday, August 31st were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.81%. Blue Hills Bancorp’s dividend payout ratio (DPR) is presently 42.86%.
Several equities analysts have recently commented on BHBK shares. Keefe, Bruyette & Woods decreased their price objective on shares of Blue Hills Bancorp from $16.00 to $15.50 and set a “market perform” rating on the stock in a report on Friday, July 29th. TheStreet upgraded shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, July 21st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $16.13.
Blue Hills Bancorp Company Profile
Blue Hills Bancorp, Inc (Blue Hills Bancorp) is a bank holding company for the Blue Hills Bank (the Bank). Blue Hills Bank is a Massachusetts-chartered savings bank. The Bank provides financial services to individuals, families, small to mid-size businesses and government and non-profit organizations online and through its approximately 11 full-service branch offices located in Brookline, Dedham, Hyde Park, Milton, Nantucket, Norwood, West Roxbury, and Westwood, Massachusetts.
Want to see what other hedge funds are holding BHBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blue Hills Bancorp Inc. (NASDAQ:BHBK).
Receive News & Ratings for Blue Hills Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Hills Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.