Blue Hills Bancorp Inc (BHBK) Given $21.00 Average Target Price by Analysts

Shares of Blue Hills Bancorp Inc (NASDAQ:BHBK) have earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokerages have set a 1-year consensus target price of $21.00 for the company and are anticipating that the company will post $0.16 EPS for the current quarter, according to Zacks. Zacks has also given Blue Hills Bancorp an industry rank of 24 out of 265 based on the ratings given to its competitors.

A number of equities analysts recently issued reports on BHBK shares. Piper Jaffray Companies reissued a “hold” rating and issued a $22.50 price objective on shares of Blue Hills Bancorp in a report on Tuesday. 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. Finally, BidaskClub downgraded shares of Blue Hills Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th.

Shares of Blue Hills Bancorp (NASDAQ:BHBK) traded up $0.15 during mid-day trading on Monday, reaching $20.70. 29,600 shares of the company traded hands, compared to its average volume of 48,286. Blue Hills Bancorp has a one year low of $16.40 and a one year high of $22.05. The stock has a market cap of $556.19, a P/E ratio of 26.20 and a beta of 0.27. 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 quarterly earnings results on Wednesday, October 25th. The bank reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The firm had revenue of $19.78 million for the quarter. Blue Hills Bancorp had a net margin of 19.33% and a return on equity of 3.50%. analysts anticipate that Blue Hills Bancorp will post 0.56 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 29th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Tuesday, November 28th. Blue Hills Bancorp’s payout ratio is currently 75.95%.

In related news, Director Brian G. Leary sold 1,900 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $20.89, for a total value of $39,691.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jim Kivlehan purchased 12,178 shares of Blue Hills Bancorp stock in a transaction that occurred on 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 disclosure for this purchase can be found here. In the last quarter, insiders have sold 6,467 shares of company stock worth $130,977. Company insiders own 3.70% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in BHBK. Susquehanna International Group LLP purchased a new position in Blue Hills Bancorp during the second quarter worth $269,000. Parametric Portfolio Associates LLC purchased a new position in Blue Hills Bancorp during the second quarter worth $277,000. GSA Capital Partners LLP boosted its stake in 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 buying an additional 1,624 shares during the period. Alliancebernstein L.P. boosted its stake in 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 buying an additional 4,600 shares during the period. Finally, PDT Partners LLC purchased a new position in Blue Hills Bancorp during the second quarter worth $401,000. Institutional investors own 51.88% 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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