Blue Hills Bancorp Inc (NASDAQ:bhbk) declared a quarterly dividend on Friday, November 18th. Investors of record on Wednesday, November 30th will be paid a dividend of 0.03 per share on Wednesday, December 14th. This represents a $0.12 annualized dividend and a yield of 0.67%. The ex-dividend date is Monday, November 28th.

Blue Hills Bancorp (NASDAQ:BHBK) opened at 17.90 on Wednesday. The company’s 50-day moving average price is $15.62 and its 200 day moving average price is $14.81. Blue Hills Bancorp has a 52 week low of $13.22 and a 52 week high of $17.90. The stock has a market capitalization of $446.21 million, a P/E ratio of 62.81 and a beta of 0.12.

Dividend History for Blue Hills Bancorp (NASDAQ:bhbk)

Several hedge funds have recently made changes to their positions in BHBK. Menta Capital LLC acquired a new stake in Blue Hills Bancorp during the second quarter worth $158,000. BlackRock Advisors LLC boosted its stake in Blue Hills Bancorp by 33.1% in the second quarter. BlackRock Advisors LLC now owns 11,740 shares of the company’s stock worth $173,000 after buying an additional 2,921 shares in the last quarter. BlackRock Group LTD boosted its stake in Blue Hills Bancorp by 55.7% in the second quarter. BlackRock Group LTD now owns 11,890 shares of the company’s stock worth $175,000 after buying an additional 4,253 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in Blue Hills Bancorp during the second quarter worth $177,000. Finally, Emerald Acquisition Ltd. acquired a new stake in Blue Hills Bancorp during the third quarter worth $198,000. Institutional investors and hedge funds own 52.78% of the company’s stock.

BHBK has been the subject of several research analyst reports. Keefe, Bruyette & Woods lowered their price target on 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. Piper Jaffray Cos. cut Blue Hills Bancorp from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $15.50 to $16.00 in a research note on Thursday, November 10th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $16.25.

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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.

5 Day Chart for NASDAQ:BHBK

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