Brokerages Set Blue Hills Bancorp Inc (BHBK) Price Target at $27.18

Shares of Blue Hills Bancorp Inc (NASDAQ:BHBK) have been assigned a consensus recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $27.18.

BHBK has been the topic of several recent research reports. ValuEngine raised Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. BidaskClub raised Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research report on Tuesday, November 6th. Zacks Investment Research raised Blue Hills Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, November 6th. Piper Jaffray Companies lowered Blue Hills Bancorp from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 25th. Finally, Compass Point lowered Blue Hills Bancorp from a “buy” rating to a “neutral” rating in a research report on Tuesday.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc raised its position in shares of Blue Hills Bancorp by 15.9% in the 3rd quarter. Legal & General Group Plc now owns 3,983 shares of the bank’s stock valued at $96,000 after purchasing an additional 545 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Blue Hills Bancorp by 1.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 181,895 shares of the bank’s stock valued at $4,383,000 after acquiring an additional 2,439 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Blue Hills Bancorp by 7.1% in the 3rd quarter. Wells Fargo & Company MN now owns 38,709 shares of the bank’s stock valued at $932,000 after acquiring an additional 2,558 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of Blue Hills Bancorp by 15.6% in the 3rd quarter. GSA Capital Partners LLP now owns 33,113 shares of the bank’s stock valued at $798,000 after acquiring an additional 4,459 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Blue Hills Bancorp by 21.0% in the 2nd quarter. First Trust Advisors LP now owns 37,971 shares of the bank’s stock valued at $843,000 after acquiring an additional 6,599 shares during the last quarter. 54.03% of the stock is currently owned by institutional investors.

Blue Hills Bancorp stock traded up $0.07 during midday trading on Wednesday, hitting $21.75. 80,552 shares of the company were exchanged, compared to its average volume of 157,938. The firm has a market capitalization of $587.11 million, a PE ratio of 38.84 and a beta of 0.32. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.02. Blue Hills Bancorp has a fifty-two week low of $18.45 and a fifty-two week high of $25.80.

Blue Hills Bancorp (NASDAQ:BHBK) last released its quarterly earnings results on Wednesday, October 24th. The bank reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. The firm had revenue of $23.32 million for the quarter, compared to analyst estimates of $23.00 million. Blue Hills Bancorp had a return on equity of 5.72% and a net margin of 17.82%. On average, analysts forecast that Blue Hills Bancorp will post 0.98 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 18th. Shareholders of record on Tuesday, December 4th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend was Monday, December 3rd. Blue Hills Bancorp’s payout ratio is 142.86%.

Blue Hills Bancorp Company Profile

Blue Hills Bancorp, Inc operates as the bank holding company for Blue Hills Bank that provides financial services to individuals, families, small to mid-size businesses, government, and non-profit organizations in Massachusetts. The company accepts passbook and statement savings, money market, commercial and regular checking, as well as certificates of deposit and IRAs.

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