Blue Hills Bancorp (NASDAQ:BHBK)‘s stock had its “hold” rating restated by equities researchers at Piper Jaffray Companies in a research note issued to investors on Tuesday. They presently have a $22.50 target price on the bank’s stock. Piper Jaffray Companies’ price objective points to a potential upside of 8.70% from the company’s current price.

Several other equities research analysts also recently weighed in on BHBK. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $22.50 price objective on shares of Blue Hills Bancorp in a report on Friday, December 22nd. BidaskClub downgraded Blue Hills Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th.

Blue Hills Bancorp (NASDAQ BHBK) traded up $0.15 during mid-day trading on Tuesday, hitting $20.70. The stock had a trading volume of 29,600 shares, compared to its average volume of 48,286. The firm has a market capitalization of $556.19, a P/E ratio of 26.20 and a beta of 0.27. Blue Hills Bancorp has a 1-year low of $16.40 and a 1-year high of $22.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 1.04.

Blue Hills Bancorp (NASDAQ:BHBK) last posted its quarterly earnings data 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 business had revenue of $19.78 million during the quarter. Blue Hills Bancorp had a return on equity of 3.50% and a net margin of 19.33%. equities research analysts expect that Blue Hills Bancorp will post 0.56 EPS for the current fiscal year.

In related news, CFO Jim Kivlehan purchased 12,178 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was acquired at an average price of $21.78 per share, for a total transaction of $265,236.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Scott Smith sold 1,950 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was 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. Insiders have sold 6,467 shares of company stock valued at $130,977 in the last 90 days. Company insiders own 3.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in BHBK. Alliancebernstein L.P. raised its stake in shares of Blue Hills Bancorp by 31.7% during the second quarter. Alliancebernstein L.P. now owns 19,100 shares of the bank’s stock worth $342,000 after purchasing an additional 4,600 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in shares of Blue Hills Bancorp by 10.3% during the second quarter. TIAA CREF Investment Management LLC now owns 120,196 shares of the bank’s stock worth $2,152,000 after purchasing an additional 11,263 shares during the last quarter. Thrivent Financial For Lutherans purchased a new stake in shares of Blue Hills Bancorp during the second quarter worth approximately $1,391,000. GSA Capital Partners LLP raised its stake in shares of Blue Hills Bancorp by 9.3% during the second quarter. GSA Capital Partners LLP now owns 19,074 shares of the bank’s stock worth $341,000 after purchasing an additional 1,624 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Blue Hills Bancorp by 9.6% during the second quarter. Northern Trust Corp now owns 319,034 shares of the bank’s stock worth $5,711,000 after purchasing an additional 27,948 shares during the last quarter. Institutional investors and hedge funds own 51.88% of the company’s stock.

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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.

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