Blue Hills Bancorp (BHBK) Upgraded to Buy at ValuEngine

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ValuEngine upgraded shares of Blue Hills Bancorp (NASDAQ:BHBK) from a hold rating to a buy rating in a report published on Monday.

BHBK has been the topic of several other reports. BidaskClub cut shares of Blue Hills Bancorp from a buy rating to a hold rating in a report on Wednesday, November 28th. Compass Point cut shares of Blue Hills Bancorp from a buy rating to a neutral rating in a report on Tuesday, January 8th. Zacks Investment Research raised shares of Blue Hills Bancorp from a hold rating to a buy rating and set a $26.00 price target on the stock in a report on Thursday, January 24th. Finally, Keefe, Bruyette & Woods raised shares of Blue Hills Bancorp from a market perform rating to an outperform rating and upped their price target for the company from $23.50 to $27.18 in a report on Friday, November 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $26.59.

BHBK traded down $0.09 during trading on Monday, hitting $23.93. The company had a trading volume of 11,526 shares, compared to its average volume of 124,148. The stock has a market capitalization of $643.82 million, a PE ratio of 23.23 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 1.02. Blue Hills Bancorp has a 1-year low of $19.50 and a 1-year high of $25.80.

Blue Hills Bancorp (NASDAQ:BHBK) last posted its quarterly earnings results on Wednesday, January 23rd. The bank reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $22.20 million for the quarter, compared to analysts’ expectations of $19.80 million. Blue Hills Bancorp had a net margin of 20.98% and a return on equity of 6.50%. On average, equities research analysts forecast that Blue Hills Bancorp will post 1.16 earnings per share for the current fiscal year.

In other Blue Hills Bancorp news, CFO Jim Kivlehan sold 9,705 shares of the stock in a transaction on Monday, February 4th. The shares were sold at an average price of $24.02, for a total transaction of $233,114.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Scott Smith sold 3,000 shares of the stock in a transaction on Thursday, January 24th. The stock was sold at an average price of $23.13, for a total transaction of $69,390.00. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company’s stock.

Several large investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Blue Hills Bancorp by 1.5% during the third quarter. BlackRock Inc. now owns 1,389,633 shares of the bank’s stock worth $33,490,000 after purchasing an additional 20,710 shares during the period. Vanguard Group Inc. raised its holdings in shares of Blue Hills Bancorp by 3.0% during the third quarter. Vanguard Group Inc. now owns 1,158,813 shares of the bank’s stock worth $27,927,000 after purchasing an additional 34,087 shares during the period. Vanguard Group Inc raised its holdings in shares of Blue Hills Bancorp by 3.0% during the third quarter. Vanguard Group Inc now owns 1,158,813 shares of the bank’s stock worth $27,927,000 after purchasing an additional 34,087 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Blue Hills Bancorp by 8.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,056,662 shares of the bank’s stock worth $25,466,000 after purchasing an additional 81,905 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Blue Hills Bancorp by 18.5% during the third quarter. Renaissance Technologies LLC now owns 443,200 shares of the bank’s stock worth $10,681,000 after purchasing an additional 69,200 shares during the period. 53.88% of the stock is currently owned by institutional investors.

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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