Blue Hills Bancorp Inc (BHBK) Holdings Reduced by Pecaut & CO.

Pecaut & CO. lowered its stake in Blue Hills Bancorp Inc (NASDAQ:BHBK) by 7.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,242 shares of the bank’s stock after selling 2,234 shares during the quarter. Pecaut & CO.’s holdings in Blue Hills Bancorp were worth $263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ARP Americas LP lifted its position in shares of Blue Hills Bancorp by 310.6% during the fourth quarter. ARP Americas LP now owns 503,312 shares of the bank’s stock worth $10,741,000 after purchasing an additional 380,723 shares in the last quarter. Gardner Lewis Asset Management L P acquired a new stake in shares of Blue Hills Bancorp during the fourth quarter worth about $4,651,000. Morgan Stanley lifted its position in shares of Blue Hills Bancorp by 338.5% during the third quarter. Morgan Stanley now owns 273,684 shares of the bank’s stock worth $6,595,000 after purchasing an additional 211,270 shares in the last quarter. BlackRock Inc. lifted its position in shares of Blue Hills Bancorp by 13.7% during the fourth quarter. BlackRock Inc. now owns 1,580,078 shares of the bank’s stock worth $33,719,000 after purchasing an additional 190,445 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Blue Hills Bancorp during the fourth quarter worth about $2,879,000. 54.04% of the stock is currently owned by institutional investors.

Several analysts have recently issued reports on the stock. ValuEngine cut shares of Blue Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. BidaskClub raised shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, February 22nd. Finally, Zacks Investment Research raised shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Monday, February 11th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $27.09.

In related news, EVP Kevin Malone sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $23.80, for a total value of $238,000.00. Following the sale, the executive vice president now owns 72,738 shares of the company’s stock, valued at $1,731,164.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director George E. Clancy sold 1,850 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 16,945 shares in the company, valued at approximately $401,935.40. The disclosure for this sale can be found here. Insiders have sold 18,850 shares of company stock worth $455,517 in the last three months. Corporate insiders own 6.60% of the company’s stock.

Shares of BHBK opened at $23.90 on Wednesday. The stock has a market cap of $643.15 million, a PE ratio of 23.20 and a beta of 0.41. Blue Hills Bancorp Inc has a 1 year low of $20.00 and a 1 year high of $25.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.02.

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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, and commercial and regular checking accounts, as well as certificates of deposit and IRAs.

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Institutional Ownership by Quarter for Blue Hills Bancorp (NASDAQ:BHBK)

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