New York State Common Retirement Fund Has $458,000 Position in Blue Hills Bancorp, Inc. (BHBK)
New York State Common Retirement Fund lessened its holdings in shares of Blue Hills Bancorp, Inc. (NASDAQ:BHBK) by 0.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,600 shares of the bank’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned approximately 0.11% of Blue Hills Bancorp worth $458,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in BHBK. Thrivent Financial For Lutherans purchased a new position in Blue Hills Bancorp during the 2nd quarter valued at about $1,391,000. Dimensional Fund Advisors LP grew 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 valued at $10,016,000 after acquiring an additional 76,911 shares in the last quarter. Vanguard Group Inc. grew its stake in Blue Hills Bancorp by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 1,114,754 shares of the bank’s stock valued at $19,899,000 after acquiring an additional 51,644 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in Blue Hills Bancorp during the 2nd quarter valued at about $658,000. Finally, Ironwood Investment Management LLC grew 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 valued at $1,253,000 after acquiring an additional 25,348 shares in the last quarter. 50.42% of the stock is currently owned by institutional investors.
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In other news, CFO Jim Kivlehan purchased 12,178 shares of Blue Hills Bancorp stock in a transaction dated Tuesday, October 31st. The stock was acquired at an average cost of $21.78 per share, for a total transaction of $265,236.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Scott Smith sold 1,950 shares of Blue Hills Bancorp stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $19.48, for a total value of $37,986.00. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.
Several equities analysts have weighed in on the company. BidaskClub raised Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $19.00 target price on shares of Blue Hills Bancorp in a research note on Friday, August 18th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $21.00 target price on shares of Blue Hills Bancorp in a research note on Wednesday, November 1st.
Blue Hills Bancorp, Inc. (NASDAQ:BHBK) opened at $20.25 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.04. Blue Hills Bancorp, Inc. has a 12 month low of $16.40 and a 12 month high of $21.90. The firm has a market capitalization of $537.88, a PE ratio of 34.57 and a beta of 0.29.
Blue Hills Bancorp (NASDAQ:BHBK) last released its earnings results on Wednesday, October 25th. The bank reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The company had revenue of $19.78 million for the quarter. Blue Hills Bancorp had a return on equity of 3.50% and a net margin of 19.33%. equities research analysts forecast that Blue Hills Bancorp, Inc. will post 0.56 earnings per share for the current year.
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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