Blue Hills Bancorp Inc. (BHBK) Position Increased by TD Asset Management Inc.
TD Asset Management Inc. raised its stake in shares of Blue Hills Bancorp Inc. (NASDAQ:BHBK) by 13.6% during the second quarter, Holdings Channel reports. The institutional investor owned 15,000 shares of the company’s stock after buying an additional 1,800 shares during the period. TD Asset Management Inc. owned approximately 0.06% of Blue Hills Bancorp worth $221,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp raised its position in shares of Blue Hills Bancorp by 1.3% in the first quarter. State Street Corp now owns 419,206 shares of the company’s stock valued at $5,731,000 after buying an additional 5,367 shares in the last quarter. Renaissance Technologies LLC increased its stake in Blue Hills Bancorp by 0.6% in the first quarter. Renaissance Technologies LLC now owns 413,995 shares of the company’s stock valued at $5,659,000 after buying an additional 2,595 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Blue Hills Bancorp by 2.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 369,714 shares of the company’s stock valued at $5,054,000 after buying an additional 9,350 shares during the last quarter. Geode Capital Management LLC increased its stake in Blue Hills Bancorp by 5.1% in the first quarter. Geode Capital Management LLC now owns 204,203 shares of the company’s stock valued at $2,791,000 after buying an additional 9,903 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Blue Hills Bancorp by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 120,133 shares of the company’s stock valued at $1,774,000 after buying an additional 1,946 shares during the last quarter. 51.18% of the stock is currently owned by institutional investors.
Shares of Blue Hills Bancorp Inc. (NASDAQ:BHBK) traded down 0.27% during mid-day trading on Tuesday, hitting $14.74. The stock had a trading volume of 31,958 shares. Blue Hills Bancorp Inc. has a 52-week low of $13.22 and a 52-week high of $16.58. The firm has a market cap of $373.07 million, a PE ratio of 51.54 and a beta of 0.15. The firm has a 50 day moving average price of $14.39 and a 200 day moving average price of $14.31.
Blue Hills Bancorp (NASDAQ:BHBK) last released its earnings results on Thursday, July 21st. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.02. Blue Hills Bancorp had a net margin of 9.91% and a return on equity of 1.82%. Equities analysts predict that Blue Hills Bancorp Inc. will post $0.20 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Investors of record on Wednesday, August 31st were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $0.12 dividend on an annualized basis and a yield of 0.81%. Blue Hills Bancorp’s dividend payout ratio (DPR) is presently 42.86%.
Several research firms have weighed in on BHBK. TheStreet upgraded Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st. Keefe, Bruyette & Woods dropped their price target on Blue Hills Bancorp from $16.00 to $15.50 and set a “market perform” rating on the stock in a research note on Friday, July 29th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $16.13.
Blue Hills Bancorp Company Profile
Blue Hills Bancorp, Inc (Blue Hills Bancorp) is a bank holding company for the Blue Hills Bank (the Bank). Blue Hills Bank is a Massachusetts-chartered savings bank. The Bank provides financial services to individuals, families, small to mid-size businesses and government and non-profit organizations online and through its approximately 11 full-service branch offices located in Brookline, Dedham, Hyde Park, Milton, Nantucket, Norwood, West Roxbury, and Westwood, Massachusetts.
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