Blue Hills Bancorp Inc. (NASDAQ:BHBK) has earned a consensus broker rating score of 1.67 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and two have given a strong buy recommendation to the company.
Brokerages have set a 1 year consensus price target of $16.50 for the company and are anticipating that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given Blue Hills Bancorp an industry rank of 155 out of 265 based on the ratings given to its competitors.
BHBK has been the subject of several research analyst reports. Keefe, Bruyette & Woods reduced their price target on shares of Blue Hills Bancorp from $16.00 to $15.50 and set a “market perform” rating for the company in a research report on Friday, July 29th. TheStreet upgraded shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, July 21st.
Blue Hills Bancorp (NASDAQ:BHBK) opened at 14.83 on Thursday. The firm has a market cap of $375.35 million, a price-to-earnings ratio of 51.85 and a beta of 0.15. Blue Hills Bancorp has a 12-month low of $13.22 and a 12-month high of $16.58. The company’s 50 day moving average is $14.78 and its 200 day moving average is $14.44.
Blue Hills Bancorp (NASDAQ:BHBK) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.02. Blue Hills Bancorp had a net margin of 9.91% and a return on equity of 1.82%. On average, equities analysts anticipate that Blue Hills Bancorp will post $0.19 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Menta Capital LLC bought a new position in Blue Hills Bancorp during the second quarter valued at $158,000. BlackRock Advisors LLC raised its position in Blue Hills Bancorp by 33.1% in the second quarter. BlackRock Advisors LLC now owns 11,740 shares of the company’s stock valued at $173,000 after buying an additional 2,921 shares in the last quarter. BlackRock Group LTD raised its position in Blue Hills Bancorp by 55.7% in the second quarter. BlackRock Group LTD now owns 11,890 shares of the company’s stock valued at $175,000 after buying an additional 4,253 shares in the last quarter. Alliancebernstein L.P. bought a new position in Blue Hills Bancorp during the second quarter valued at $177,000. Finally, Guggenheim Capital LLC raised its position in Blue Hills Bancorp by 1.1% in the second quarter. Guggenheim Capital LLC now owns 13,607 shares of the company’s stock valued at $201,000 after buying an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 51.18% of the company’s stock.
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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