Blue Hills Bancorp, Inc. (BHBK) Director Scott Smith Sells 1,950 Shares

Blue Hills Bancorp, Inc. (NASDAQ:BHBK) Director Scott Smith sold 1,950 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $19.48, for a total transaction of $37,986.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Blue Hills Bancorp, Inc. (NASDAQ:BHBK) opened at $20.25 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.28. The stock has a market cap of $537.88, a P/E ratio of 34.57 and a beta of 0.29. Blue Hills Bancorp, Inc. has a 52-week low of $16.40 and a 52-week high of $21.90.

Blue Hills Bancorp (NASDAQ:BHBK) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. The business had revenue of $19.78 million during the quarter. Blue Hills Bancorp had a net margin of 19.33% and a return on equity of 3.50%. research analysts anticipate that Blue Hills Bancorp, Inc. will post 0.56 EPS for the current fiscal year.

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BHBK has been the subject of several recent analyst reports. Piper Jaffray Companies reiterated a “hold” rating and issued a $21.00 target price on shares of Blue Hills Bancorp in a report on Wednesday, November 1st. BidaskClub upgraded shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $19.00 target price on shares of Blue Hills Bancorp in a report on Friday, August 18th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Asset Management Americas Inc. bought a new position in Blue Hills Bancorp during the first quarter valued at approximately $195,000. Susquehanna International Group LLP bought a new position in Blue Hills Bancorp during the second quarter valued at approximately $269,000. American International Group Inc. raised its position in Blue Hills Bancorp by 6.8% during the first quarter. American International Group Inc. now owns 15,135 shares of the bank’s stock valued at $270,000 after acquiring an additional 960 shares in the last quarter. Parametric Portfolio Associates LLC bought a new position in Blue Hills Bancorp during the second quarter valued at approximately $277,000. Finally, GSA Capital Partners LLP raised its position 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 valued at $341,000 after acquiring an additional 1,624 shares in the last quarter. 50.42% of the stock is owned by institutional investors and hedge funds.

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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