Blue Hills Bancorp, Inc. (NASDAQ:BHBK) hit a new 52-week high on Thursday . The company traded as high as $19.85 and last traded at $19.80, with a volume of 94,288 shares changing hands. The stock had previously closed at $19.35.

A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.00 price target on shares of Blue Hills Bancorp in a research note on Friday, August 18th.

The stock’s 50 day moving average price is $18.96 and its 200-day moving average price is $18.35. The stock has a market cap of $503.19 million, a price-to-earnings ratio of 28.85 and a beta of 0.24.

Blue Hills Bancorp (NASDAQ:BHBK) last released its quarterly earnings data on Wednesday, July 26th. The bank reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Blue Hills Bancorp had a net margin of 17.56% and a return on equity of 2.94%. The business had revenue of $20.92 million for the quarter. Equities research analysts forecast that Blue Hills Bancorp, Inc. will post $0.54 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 4th. Investors of record on Wednesday, September 20th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.96%. The ex-dividend date was Tuesday, September 19th. Blue Hills Bancorp’s payout ratio is 84.51%.

Institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in Blue Hills Bancorp by 6.9% during the 1st quarter. Bank of New York Mellon Corp now owns 145,728 shares of the bank’s stock worth $2,601,000 after acquiring an additional 9,435 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Blue Hills Bancorp by 15.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 561,135 shares of the bank’s stock worth $10,016,000 after acquiring an additional 76,911 shares during the last quarter. Citadel Advisors LLC boosted its stake in Blue Hills Bancorp by 6.6% during the 1st quarter. Citadel Advisors LLC now owns 33,800 shares of the bank’s stock worth $603,000 after acquiring an additional 2,090 shares during the last quarter. Ironwood Investment Management LLC boosted its stake in Blue Hills Bancorp by 56.7% during the 2nd quarter. Ironwood Investment Management LLC now owns 70,023 shares of the bank’s stock worth $1,253,000 after acquiring an additional 25,348 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in Blue Hills Bancorp by 172.3% during the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 21,513 shares of the bank’s stock worth $383,000 after acquiring an additional 13,613 shares during the last quarter. 50.38% of the stock is currently owned by institutional investors and hedge funds.

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About Blue Hills Bancorp

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.

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