Blue Hills Bancorp (NASDAQ:BHBK) Upgraded at BidaskClub

BidaskClub upgraded shares of Blue Hills Bancorp (NASDAQ:BHBK) from a sell rating to a hold rating in a research report sent to investors on Thursday, March 28th, BidAskClub reports.

Other research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Blue Hills Bancorp from a hold rating to a buy rating and set a $26.00 price target on the stock in a research report on Friday, February 1st. ValuEngine upgraded shares of Blue Hills Bancorp from a hold rating to a buy rating in a research report on Monday, February 4th. Finally, Compass Point downgraded shares of Blue Hills Bancorp from a buy rating to a neutral rating in a research report on Tuesday, January 8th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $27.09.

BHBK remained flat at $$23.90 during trading on Thursday. 850,297 shares of the company’s stock traded hands, compared to its average volume of 167,026. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.20. Blue Hills Bancorp has a fifty-two week low of $20.00 and a fifty-two week high of $25.80. The company has a market capitalization of $643.15 million, a P/E ratio of 23.20 and a beta of 0.41.

Blue Hills Bancorp (NASDAQ:BHBK) last released its quarterly earnings results on Wednesday, January 23rd. The bank reported $0.28 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. Blue Hills Bancorp had a net margin of 20.98% and a return on equity of 6.48%. The business had revenue of $22.20 million for the quarter, compared to the consensus estimate of $19.80 million. As a group, research analysts expect that Blue Hills Bancorp will post 1.16 earnings per share for the current year.

In other news, Director George E. Clancy sold 1,850 shares of the firm’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $23.72, for a total transaction of $43,882.00. Following the sale, the director now directly owns 16,945 shares in the company, valued at approximately $401,935.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott Smith sold 3,000 shares of Blue Hills Bancorp stock in a transaction on Thursday, January 24th. The shares were sold at an average price of $23.13, for a total transaction of $69,390.00. The disclosure for this sale can be found here. Insiders have sold a total of 117,337 shares of company stock worth $2,836,261 over the last 90 days. Insiders own 6.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in Blue Hills Bancorp by 13.7% in the 4th quarter. BlackRock Inc. now owns 1,580,078 shares of the bank’s stock valued at $33,719,000 after acquiring an additional 190,445 shares during the last quarter. Vanguard Group Inc. increased its holdings in Blue Hills Bancorp by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,158,813 shares of the bank’s stock valued at $27,927,000 after acquiring an additional 34,087 shares during the last quarter. Vanguard Group Inc grew its stake in shares of Blue Hills Bancorp by 3.0% in the 3rd quarter. Vanguard Group Inc now owns 1,158,813 shares of the bank’s stock worth $27,927,000 after buying an additional 34,087 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Blue Hills Bancorp by 8.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,056,662 shares of the bank’s stock worth $25,466,000 after buying an additional 81,905 shares in the last quarter. Finally, ARP Americas LP grew its stake in shares of Blue Hills Bancorp by 310.6% in the 4th quarter. ARP Americas LP now owns 503,312 shares of the bank’s stock worth $10,741,000 after buying an additional 380,723 shares in the last quarter. Institutional investors own 54.04% 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, and commercial and regular checking accounts, as well as certificates of deposit and IRAs.

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