First Trust Advisors LP boosted its position in Blue Hills Bancorp Inc. (NASDAQ:BHBK) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 27,384 shares of the company’s stock after buying an additional 98 shares during the period. First Trust Advisors LP owned 0.11% of Blue Hills Bancorp worth $404,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BHBK. TD Asset Management Inc. increased its position in Blue Hills Bancorp by 13.6% in the second quarter. TD Asset Management Inc. now owns 15,000 shares of the company’s stock worth $221,000 after buying an additional 1,800 shares in the last quarter. Commonwealth Equity Services Inc increased its position in Blue Hills Bancorp by 55.8% in the second quarter. Commonwealth Equity Services Inc now owns 20,601 shares of the company’s stock worth $304,000 after buying an additional 7,376 shares in the last quarter. Swiss National Bank increased its position in Blue Hills Bancorp by 11.8% in the second quarter. Swiss National Bank now owns 49,100 shares of the company’s stock worth $725,000 after buying an additional 5,200 shares in the last quarter. Bank of New York Mellon Corp increased its position in Blue Hills Bancorp by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 120,133 shares of the company’s stock worth $1,774,000 after buying an additional 1,946 shares in the last quarter. Finally, Boston Advisors LLC purchased a new position in Blue Hills Bancorp during the second quarter worth about $258,000. Hedge funds and other institutional investors own 51.18% of the company’s stock.
Blue Hills Bancorp Inc. (NASDAQ:BHBK) traded up 0.47% on Friday, reaching $14.81. The company had a trading volume of 15,994 shares. The firm has a market capitalization of $374.84 million, a PE ratio of 51.78 and a beta of 0.15. The stock has a 50 day moving average of $14.77 and a 200 day moving average of $14.43. Blue Hills Bancorp Inc. has a 12 month low of $13.22 and a 12 month high of $16.58.
Blue Hills Bancorp (NASDAQ:BHBK) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.02. Blue Hills Bancorp had a return on equity of 1.82% and a net margin of 9.91%. On average, analysts anticipate that Blue Hills Bancorp Inc. will post $0.19 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Wednesday, August 31st were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Monday, August 29th. Blue Hills Bancorp’s dividend payout ratio is presently 42.86%.
A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods dropped their price target on Blue Hills Bancorp from $16.00 to $15.50 and set a “market perform” rating on the stock in a research note on Friday, July 29th. TheStreet upgraded Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Blue Hills Bancorp presently has an average rating of “Buy” and a consensus target price of $16.13.
Blue Hills Bancorp Company Profile
Blue Hills Bancorp, Inc (Blue Hills Bancorp) is a bank holding company for the Blue Hills Bank (the Bank). Blue Hills Bank is a Massachusetts-chartered savings bank. The Bank provides financial services to individuals, families, small to mid-size businesses and government and non-profit organizations online and through its approximately 11 full-service branch offices located in Brookline, Dedham, Hyde Park, Milton, Nantucket, Norwood, West Roxbury, and Westwood, Massachusetts.
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