Blue Hills Bancorp Inc (NASDAQ:BHBK) – Equities research analysts at Piper Jaffray Companies reduced their FY2018 earnings per share estimates for Blue Hills Bancorp in a report issued on Friday, November 2nd. Piper Jaffray Companies analyst M. Breese now anticipates that the bank will post earnings of $0.98 per share for the year, down from their prior estimate of $1.00. Piper Jaffray Companies has a “Neutral” rating on the stock.
Several other equities research analysts have also weighed in on the company. Zacks Investment Research upgraded Blue Hills Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub upgraded Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday. Keefe, Bruyette & Woods upgraded Blue Hills Bancorp from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $23.50 to $27.18 in a research note on Friday, November 2nd. Finally, ValuEngine lowered Blue Hills Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.89.
BHBK stock opened at $23.58 on Monday. Blue Hills Bancorp has a 1-year low of $18.45 and a 1-year high of $25.80. The company has a market capitalization of $633.53 million, a PE ratio of 42.11 and a beta of 0.16. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.02.
Blue Hills Bancorp (NASDAQ:BHBK) last released its quarterly earnings data on Wednesday, October 24th. The bank reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. Blue Hills Bancorp had a return on equity of 5.72% and a net margin of 17.82%. The company had revenue of $23.32 million for the quarter, compared to analyst estimates of $23.00 million.
Several hedge funds have recently added to or reduced their stakes in the company. ClariVest Asset Management LLC raised its holdings in shares of Blue Hills Bancorp by 46.2% in the 2nd quarter. ClariVest Asset Management LLC now owns 11,221 shares of the bank’s stock worth $249,000 after acquiring an additional 3,544 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in Blue Hills Bancorp during the second quarter worth approximately $290,000. JPMorgan Chase & Co. lifted its position in Blue Hills Bancorp by 218.6% during the first quarter. JPMorgan Chase & Co. now owns 16,383 shares of the bank’s stock worth $342,000 after acquiring an additional 11,241 shares during the last quarter. Zacks Investment Management acquired a new stake in Blue Hills Bancorp during the second quarter worth approximately $459,000. Finally, GSA Capital Partners LLP lifted its position in Blue Hills Bancorp by 74.5% during the second quarter. GSA Capital Partners LLP now owns 28,654 shares of the bank’s stock worth $636,000 after acquiring an additional 12,234 shares during the last quarter. Institutional investors own 53.11% of the company’s stock.
Blue Hills Bancorp Company Profile
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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