Shares of Blue Hills Bancorp Inc (NASDAQ:BHBK) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12-month consensus price objective of $22.00 for the company and are anticipating that the company will post $0.21 earnings per share for the current quarter, according to Zacks. Zacks has also given Blue Hills Bancorp an industry rank of 144 out of 255 based on the ratings given to its competitors.
A number of analysts have recently issued reports on the company. BidaskClub upgraded Blue Hills Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, April 24th. Zacks Investment Research upgraded Blue Hills Bancorp from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a report on Wednesday, May 16th.
In related news, EVP Robert Driscoll sold 7,600 shares of the business’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 transaction of $158,840.00. Following the transaction, the executive vice president now directly owns 82,101 shares of the company’s stock, valued at approximately $1,715,910.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brian G. Leary sold 11,000 shares of the business’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 value of $229,900.00. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in BHBK. Schwab Charles Investment Management Inc. raised its position in shares of Blue Hills Bancorp by 7.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 54,253 shares of the bank’s stock valued at $1,091,000 after purchasing an additional 3,803 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Blue Hills Bancorp by 29.3% in the 4th quarter. Wells Fargo & Company MN now owns 36,838 shares of the bank’s stock valued at $736,000 after purchasing an additional 8,347 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Blue Hills Bancorp by 25.1% in the 4th quarter. Bank of New York Mellon Corp now owns 181,115 shares of the bank’s stock valued at $3,641,000 after purchasing an additional 36,366 shares in the last quarter. BlackRock Inc. raised its position in shares of Blue Hills Bancorp by 4.3% in the 4th quarter. BlackRock Inc. now owns 1,342,868 shares of the bank’s stock valued at $26,992,000 after purchasing an additional 54,825 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Blue Hills Bancorp by 3.2% in the 4th quarter. Renaissance Technologies LLC now owns 269,700 shares of the bank’s stock valued at $5,421,000 after purchasing an additional 8,300 shares in the last quarter. 52.02% of the stock is currently owned by institutional investors.
BHBK traded down $0.05 during midday trading on Friday, hitting $22.35. The company’s stock had a trading volume of 124,728 shares, compared to its average volume of 49,135. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $601.74 million, a price-to-earnings ratio of 32.00 and a beta of 0.08. Blue Hills Bancorp has a 52-week low of $17.35 and a 52-week high of $22.65.
Blue Hills Bancorp (NASDAQ:BHBK) last issued its earnings results on Tuesday, April 24th. The bank reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.05. Blue Hills Bancorp had a return on equity of 4.31% and a net margin of 15.12%. The business had revenue of $22.26 million during the quarter. equities research analysts anticipate that Blue Hills Bancorp will post 0.92 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 13th. Stockholders of record on Wednesday, May 30th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Tuesday, May 29th. Blue Hills Bancorp’s payout ratio is currently 107.14%.
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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