FMR LLC increased its stake in shares of Blue Hills Bancorp, Inc. (NASDAQ:BHBK) by 8.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,281,813 shares of the bank’s stock after buying an additional 173,644 shares during the period. FMR LLC owned approximately 9.54% of Blue Hills Bancorp worth $40,731,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in BHBK. Russell Investments Group Ltd. acquired a new stake in Blue Hills Bancorp during the fourth quarter worth $124,000. State Street Corp raised its stake in Blue Hills Bancorp by 7.4% in the fourth quarter. State Street Corp now owns 445,809 shares of the bank’s stock worth $8,359,000 after buying an additional 30,667 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Blue Hills Bancorp by 23.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 484,224 shares of the bank’s stock worth $9,079,000 after buying an additional 90,855 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Blue Hills Bancorp during the fourth quarter valued at approximately $244,000. Finally, Bank of Montreal Can purchased a new position in shares of Blue Hills Bancorp during the first quarter valued at approximately $144,000. Institutional investors own 50.70% of the company’s stock.

Shares of Blue Hills Bancorp, Inc. (NASDAQ BHBK) traded up 2.92% during midday trading on Friday, reaching $19.40. The company had a trading volume of 105,207 shares. Blue Hills Bancorp, Inc. has a 52 week low of $13.78 and a 52 week high of $19.73. The company has a market capitalization of $464.67 million, a P/E ratio of 27.64 and a beta of 0.23. The company’s 50 day moving average price is $18.08 and its 200-day moving average price is $18.19.

Blue Hills Bancorp (NASDAQ:BHBK) last issued its quarterly earnings data on Wednesday, July 26th. The bank reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.02. The business had revenue of $20.92 million during the quarter. Blue Hills Bancorp had a return on equity of 2.95% and a net margin of 17.56%. On average, equities research analysts predict that Blue Hills Bancorp, Inc. will post $0.50 earnings per share for the current fiscal year.

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Separately, BidaskClub upgraded Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research note on Monday.

Blue Hills Bancorp Company Profile

Blue Hills Bancorp, Inc is a bank holding company for the Blue Hills Bank (the Bank). Blue Hills Bank is a Massachusetts-chartered savings bank. As of December 31, 2016, the Bank provided financial services to individuals, families, small to mid-size businesses and government and non-profit organizations online and through its 11 full-service branch offices located in Brookline, Dedham, Hyde Park, Milton, Nantucket, Norwood, West Roxbury, and Westwood, Massachusetts.

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

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