Blue Hills Bancorp Inc (NASDAQ:BHBK) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus target price of $22.00 for the company and are expecting that the company will post $0.21 EPS for the current quarter, according to Zacks. Zacks has also assigned Blue Hills Bancorp an industry rank of 103 out of 255 based on the ratings given to its competitors.
A number of research analysts have recently issued reports on the company. BidaskClub downgraded Blue Hills Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, April 18th. Zacks Investment Research raised Blue Hills Bancorp from a “hold” rating to a “strong-buy” rating and set a $23.00 price target on the stock in a research note on Wednesday, May 16th.
Shares of Blue Hills Bancorp traded up $0.28, reaching $21.58, during midday trading on Friday, MarketBeat reports. The company’s stock had a trading volume of 65,742 shares, compared to its average volume of 67,535. The company has a market capitalization of $565.48 million, a price-to-earnings ratio of 38.04 and a beta of 0.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.03 and a quick ratio of 1.03. Blue Hills Bancorp has a fifty-two week low of $17.35 and a fifty-two week high of $22.05.
Blue Hills Bancorp (NASDAQ:BHBK) last announced its quarterly earnings data on Tuesday, April 24th. The bank reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $22.26 million for the quarter. Blue Hills Bancorp had a return on equity of 4.31% and a net margin of 15.12%. analysts anticipate that Blue Hills Bancorp will post 0.92 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 13th. Investors of record on Wednesday, May 30th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Tuesday, May 29th. Blue Hills Bancorp’s dividend payout ratio (DPR) is currently 107.14%.
In related news, Director Brian G. Leary sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, April 26th. The stock was sold at an average price of $20.90, for a total transaction of $229,900.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert Driscoll sold 7,600 shares of the company’s stock in a transaction that occurred on Wednesday, April 25th. The stock was sold at an average price of $20.90, for a total value of $158,840.00. Following the transaction, the executive vice president now directly owns 82,101 shares in the company, valued at $1,715,910.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 20,500 shares of company stock worth $426,645. 3.70% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of BHBK. BlackRock Inc. increased its holdings in Blue Hills Bancorp by 4.3% during the 4th quarter. BlackRock Inc. now owns 1,342,868 shares of the bank’s stock worth $26,992,000 after purchasing an additional 54,825 shares in the last quarter. Polaris Capital Management LLC increased its holdings in Blue Hills Bancorp by 3,370.4% during the 4th quarter. Polaris Capital Management LLC now owns 1,148,692 shares of the bank’s stock worth $18,034,000 after purchasing an additional 1,115,592 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Blue Hills Bancorp by 11.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 891,680 shares of the bank’s stock worth $18,592,000 after purchasing an additional 89,975 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Blue Hills Bancorp by 3.2% during the 4th quarter. Renaissance Technologies LLC now owns 269,700 shares of the bank’s stock worth $5,421,000 after purchasing an additional 8,300 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Blue Hills Bancorp by 127.6% during the 1st quarter. Millennium Management LLC now owns 234,931 shares of the bank’s stock worth $4,898,000 after purchasing an additional 131,702 shares in the last quarter. 52.02% of the stock is currently owned by institutional investors and hedge funds.
About Blue Hills Bancorp
Blue Hills Bancorp, Inc operates as the bank holding company for Blue Hills Bank that provides financial services to individuals, families, small to mid-size businesses, government, and non-profit organizations in Massachusetts. The company accepts passbook and statement savings, money market, commercial and regular checking, as well as certificates of deposit and IRAs.
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