California State Teachers Retirement System reduced its position in shares of Blue Hills Bancorp Inc. (NASDAQ:BHBK) by 12.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,694 shares of the company’s stock after selling 7,690 shares during the period. California State Teachers Retirement System owned 0.21% of Blue Hills Bancorp worth $763,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in BHBK. Bank of New York Mellon Corp increased its position in shares of 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 during the period. Boston Advisors LLC bought a new stake in shares of Blue Hills Bancorp during the second quarter valued at approximately $258,000. Strs Ohio increased its stake in shares of Blue Hills Bancorp by 4.1% in the second quarter. Strs Ohio now owns 45,800 shares of the company’s stock valued at $676,000 after buying an additional 1,800 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Blue Hills Bancorp by 5.1% in the first quarter. Geode Capital Management LLC now owns 204,203 shares of the company’s stock valued at $2,791,000 after buying an additional 9,903 shares during the last quarter. Finally, UBS Asset Management Americas Inc. bought a new stake in shares of Blue Hills Bancorp during the first quarter valued at approximately $172,000. 51.18% of the stock is owned by institutional investors.
Blue Hills Bancorp Inc. (NASDAQ:BHBK) traded up 1.83% during mid-day trading on Friday, reaching $15.02. 74,220 shares of the company’s stock were exchanged. The stock has a market cap of $380.16 million, a price-to-earnings ratio of 52.52 and a beta of 0.15. Blue Hills Bancorp Inc. has a 52-week low of $13.22 and a 52-week high of $16.58. The company has a 50-day moving average of $14.61 and a 200-day moving average of $14.36.
Blue Hills Bancorp (NASDAQ:BHBK) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ 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%. Equities research analysts anticipate that Blue Hills Bancorp Inc. will post $0.19 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Wednesday, August 31st were issued a dividend of $0.03 per share. The ex-dividend date was Monday, August 29th. This represents a $0.12 annualized dividend and a yield of 0.80%. Blue Hills Bancorp’s payout ratio is 42.86%.
Several analysts recently commented on BHBK shares. TheStreet raised shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, July 21st. Keefe, Bruyette & Woods reduced their target price on shares of Blue Hills Bancorp from $16.00 to $15.50 and set a “market perform” rating for the company in a report on Friday, July 29th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Blue Hills Bancorp currently has a consensus rating of “Buy” and an average target price of $16.13.
About Blue Hills Bancorp
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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