Blue Hills Bancorp Inc (NASDAQ:BHBK) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Analysts have set a twelve-month consensus target price of $23.00 for the company and are anticipating that the company will post $0.25 earnings per share for the current quarter, according to Zacks. Zacks has also given Blue Hills Bancorp an industry rank of 179 out of 255 based on the ratings given to related companies.

Several research firms have recently weighed in on BHBK. BidaskClub cut Blue Hills Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. ValuEngine upgraded Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Zacks Investment Research cut Blue Hills Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 3rd.

NASDAQ:BHBK opened at $24.95 on Friday. Blue Hills Bancorp has a fifty-two week low of $18.45 and a fifty-two week high of $25.80. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.22. The stock has a market cap of $679.26 million, a PE ratio of 44.55 and a beta of 0.08.

Blue Hills Bancorp (NASDAQ:BHBK) last released its quarterly earnings data on Friday, July 27th. The bank reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $22.62 million for the quarter, compared to analysts’ expectations of $21.70 million. equities analysts expect that Blue Hills Bancorp will post 1 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wasatch Advisors Inc. lifted its stake in Blue Hills Bancorp by 1.5% in the 2nd quarter. Wasatch Advisors Inc. now owns 174,517 shares of the bank’s stock valued at $3,874,000 after acquiring an additional 2,540 shares in the last quarter. Royce & Associates LP lifted its stake in Blue Hills Bancorp by 0.8% in the 2nd quarter. Royce & Associates LP now owns 421,736 shares of the bank’s stock valued at $9,363,000 after acquiring an additional 3,200 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Blue Hills Bancorp by 1.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 179,456 shares of the bank’s stock valued at $3,984,000 after acquiring an additional 3,424 shares in the last quarter. ClariVest Asset Management LLC lifted its stake in Blue Hills Bancorp by 46.2% in the 2nd quarter. ClariVest Asset Management LLC now owns 11,221 shares of the bank’s stock valued at $249,000 after acquiring an additional 3,544 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Blue Hills Bancorp by 21.0% in the 2nd quarter. First Trust Advisors LP now owns 37,971 shares of the bank’s stock valued at $843,000 after acquiring an additional 6,599 shares in the last quarter. Hedge funds and other institutional investors own 51.94% of the company’s stock.

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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