Blue Hills Bancorp Inc (BHBK) Receives Consensus Recommendation of “Strong Buy” from Brokerages

Shares of Blue Hills Bancorp Inc (NASDAQ:BHBK) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating. Blue Hills Bancorp’s rating score has improved by 66.7% from 90 days ago as a result of various analysts’ ratings changes.

Analysts have set a one year consensus price objective of $22.00 for the company and are expecting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given Blue Hills Bancorp an industry rank of 56 out of 265 based on the ratings given to its competitors.

Several research analysts recently issued reports on the company. BidaskClub lowered Blue Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $22.50 target price on shares of Blue Hills Bancorp in a research report on Tuesday, January 9th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $22.50 price target on shares of Blue Hills Bancorp in a research note on Friday, December 22nd.

Shares of Blue Hills Bancorp (NASDAQ BHBK) traded down $0.15 during trading hours on Friday, reaching $19.75. The company had a trading volume of 49,500 shares, compared to its average volume of 49,679. Blue Hills Bancorp has a 12 month low of $16.40 and a 12 month high of $22.05. The firm has a market cap of $533.87, a price-to-earnings ratio of 29.04 and a beta of 0.18. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.28.

Blue Hills Bancorp (NASDAQ:BHBK) last announced its earnings results on Monday, January 29th. The bank reported $0.16 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. Blue Hills Bancorp had a return on equity of 3.47% and a net margin of 16.19%. The company had revenue of $20.72 million for the quarter. equities analysts predict that Blue Hills Bancorp will post 0.83 earnings per share for the current fiscal year.

The company also recently declared a None dividend, which will be paid on Wednesday, March 21st. Shareholders of record on Wednesday, March 7th will be paid a dividend of $0.45 per share. The ex-dividend date is Tuesday, March 6th. Blue Hills Bancorp’s payout ratio is presently 88.24%.

In other Blue Hills Bancorp news, Director George E. Clancy sold 1,517 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $20.35, for a total transaction of $30,870.95. Following the sale, the director now owns 18,795 shares in the company, valued at approximately $382,478.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.70% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of BHBK. Polaris Capital Management LLC grew its stake in Blue Hills Bancorp by 3,370.4% during the 4th quarter. Polaris Capital Management LLC now owns 1,148,692 shares of the bank’s stock valued at $18,034,000 after purchasing an additional 1,115,592 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Blue Hills Bancorp by 15.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 647,897 shares of the bank’s stock valued at $11,598,000 after purchasing an additional 86,762 shares during the last quarter. BlackRock Inc. grew its stake in Blue Hills Bancorp by 4.3% during the 4th quarter. BlackRock Inc. now owns 1,342,868 shares of the bank’s stock valued at $26,992,000 after purchasing an additional 54,825 shares during the last quarter. Vanguard Group Inc. grew its stake in Blue Hills Bancorp by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,166,300 shares of the bank’s stock valued at $20,877,000 after purchasing an additional 51,546 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Blue Hills Bancorp by 25.1% during the 4th quarter. Bank of New York Mellon Corp now owns 181,115 shares of the bank’s stock valued at $3,641,000 after purchasing an additional 36,366 shares during the last quarter. Institutional investors and hedge funds own 51.60% of the company’s stock.

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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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