Piper Jaffray Companies cut shares of Blue Hills Bancorp (NASDAQ:BHBK) from an overweight rating to a neutral rating in a research note issued to investors on Tuesday, MarketBeat reports.

Several other equities analysts have also commented on BHBK. Zacks Investment Research lowered shares of Blue Hills Bancorp from a strong-buy rating to a hold rating in a report on Tuesday, July 3rd. ValuEngine raised shares of Blue Hills Bancorp from a hold rating to a buy rating in a report on Saturday. Finally, BidaskClub raised shares of Blue Hills Bancorp from a buy rating to a strong-buy rating in a report on Tuesday, June 26th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Blue Hills Bancorp currently has an average rating of Buy and an average target price of $23.33.

BHBK stock opened at $24.65 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.02 and a current ratio of 1.03. Blue Hills Bancorp has a 52 week low of $18.45 and a 52 week high of $25.80. The firm has a market cap of $671.19 million, a P/E ratio of 30.80 and a beta of 0.08.

Blue Hills Bancorp (NASDAQ:BHBK) last released its earnings results on Friday, July 27th. The bank reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. Blue Hills Bancorp had a net margin of 17.02% and a return on equity of 5.02%. The company had revenue of $22.62 million for the quarter, compared to analyst estimates of $21.70 million. research analysts expect that Blue Hills Bancorp will post 1 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings 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 worth $3,984,000 after acquiring an additional 3,424 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in Blue Hills Bancorp in the 2nd quarter worth $290,000. Zacks Investment Management bought a new stake in Blue Hills Bancorp in the 2nd quarter worth $459,000. ClariVest Asset Management LLC grew its holdings 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 worth $249,000 after acquiring an additional 3,544 shares during the last quarter. Finally, Federated Investors Inc. PA grew its holdings in Blue Hills Bancorp by 6.1% in the 2nd quarter. Federated Investors Inc. PA now owns 148,959 shares of the bank’s stock worth $3,307,000 after acquiring an additional 8,507 shares during the last quarter. 51.94% of the stock is currently owned by institutional investors and hedge funds.

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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