Shares of Blue Hills Bancorp Inc. (NASDAQ:BHBK) have been assigned an average broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and two have given a strong buy rating to the company.

Brokers have set a 1-year consensus price target of $16.50 for the company and are forecasting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also assigned Blue Hills Bancorp an industry rank of 84 out of 265 based on the ratings given to related companies.

A number of research analysts recently commented on BHBK shares. TheStreet raised 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 for the company in a research note on Friday, July 29th.

Blue Hills Bancorp (NASDAQ:BHBK) opened at 14.78 on Thursday. The company has a market cap of $374.08 million, a price-to-earnings ratio of 51.68 and a beta of 0.15. The stock has a 50 day moving average of $14.39 and a 200 day moving average of $14.31. Blue Hills Bancorp has a 52 week low of $13.22 and a 52 week high of $16.58.

Blue Hills Bancorp (NASDAQ:BHBK) last posted its earnings results on Thursday, July 21st. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.02. Blue Hills Bancorp had a return on equity of 1.82% and a net margin of 9.91%. Equities research analysts predict that Blue Hills Bancorp will post $0.20 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Wednesday, August 31st were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.81%. The ex-dividend date was Monday, August 29th. Blue Hills Bancorp’s payout ratio is 42.86%.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its position in shares of Blue Hills Bancorp by 72.2% in the second quarter. FMR LLC now owns 1,280,060 shares of the company’s stock valued at $18,893,000 after buying an additional 536,694 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Blue Hills Bancorp by 77.1% in the second quarter. Dimensional Fund Advisors LP now owns 317,594 shares of the company’s stock valued at $4,687,000 after buying an additional 138,298 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Blue Hills Bancorp by 5.0% in the second quarter. Vanguard Group Inc. now owns 974,874 shares of the company’s stock valued at $14,389,000 after buying an additional 46,809 shares during the last quarter. FSI Group LLC acquired a new position in shares of Blue Hills Bancorp during the second quarter valued at approximately $517,000. Finally, Boston Advisors LLC acquired a new position in shares of Blue Hills Bancorp during the second quarter valued at approximately $258,000. 51.18% of the stock is owned by hedge funds and other institutional investors.

About Blue Hills Bancorp

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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