Dimensional Fund Advisors LP grew its stake in Blue Hills Bancorp Inc (NASDAQ:BHBK) by 9.3% during the second quarter, HoldingsChannel.com reports. The firm owned 974,757 shares of the bank’s stock after purchasing an additional 83,077 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Blue Hills Bancorp were worth $21,640,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Millennium Management LLC increased its holdings in shares of Blue Hills Bancorp by 127.6% in the first quarter. Millennium Management LLC now owns 234,931 shares of the bank’s stock valued at $4,898,000 after purchasing an additional 131,702 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Blue Hills Bancorp by 74.5% in the second quarter. GSA Capital Partners LLP now owns 28,654 shares of the bank’s stock valued at $636,000 after purchasing an additional 12,234 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Blue Hills Bancorp by 274.8% in the second quarter. Acadian Asset Management LLC now owns 36,733 shares of the bank’s stock valued at $816,000 after purchasing an additional 26,932 shares during the period. First Trust Advisors LP increased its holdings in shares of Blue Hills Bancorp by 21.0% in the second quarter. First Trust Advisors LP now owns 37,971 shares of the bank’s stock valued at $843,000 after purchasing an additional 6,599 shares during the period. Finally, Royce & Associates LP grew its holdings in Blue Hills Bancorp by 0.8% during the second quarter. Royce & Associates LP now owns 421,736 shares of the bank’s stock worth $9,363,000 after acquiring an additional 3,200 shares during the period. 51.94% of the stock is currently owned by institutional investors and hedge funds.
BHBK has been the topic of a number of recent analyst reports. Zacks Investment Research raised Blue Hills Bancorp from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective on the stock in a report on Tuesday, July 31st. Piper Jaffray Companies lowered Blue Hills Bancorp from an “overweight” rating to a “neutral” rating in a report on Tuesday, September 25th. ValuEngine raised Blue Hills Bancorp from a “hold” rating to a “buy” rating in a report on Thursday. Finally, BidaskClub raised Blue Hills Bancorp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 26th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Blue Hills Bancorp has an average rating of “Buy” and a consensus target price of $23.33.
Shares of BHBK stock opened at $23.37 on Friday. Blue Hills Bancorp Inc has a 1-year low of $18.45 and a 1-year high of $25.80. The firm has a market cap of $648.32 million, a P/E ratio of 41.73 and a beta of 0.08. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.22.
Blue Hills Bancorp (NASDAQ:BHBK) last announced its quarterly earnings data on Friday, July 27th. The bank reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. Blue Hills Bancorp had a return on equity of 5.02% and a net margin of 17.02%. The firm had revenue of $22.62 million for the quarter, compared to analyst estimates of $21.70 million. Equities analysts predict that Blue Hills Bancorp Inc will post 1 EPS for the current fiscal year.
About Blue Hills Bancorp
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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