Alliancebernstein L.P. reduced its position in shares of Blue Hills Bancorp, Inc. (NASDAQ:BHBK) by 9.9% during the first quarter, Holdings Channel reports. The firm owned 14,500 shares of the bank’s stock after selling 1,600 shares during the period. Alliancebernstein L.P.’s holdings in Blue Hills Bancorp were worth $259,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BHBK. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Blue Hills Bancorp by 172.3% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 21,513 shares of the bank’s stock worth $383,000 after buying an additional 13,613 shares during the period. American International Group Inc. increased its stake in shares of Blue Hills Bancorp by 6.8% in the first quarter. American International Group Inc. now owns 15,135 shares of the bank’s stock worth $270,000 after buying an additional 960 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in shares of Blue Hills Bancorp during the first quarter worth $195,000. Bank of New York Mellon Corp increased its stake in shares of Blue Hills Bancorp by 6.9% in the first quarter. Bank of New York Mellon Corp now owns 145,728 shares of the bank’s stock worth $2,601,000 after buying an additional 9,435 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Blue Hills Bancorp by 9.4% in the first quarter. First Trust Advisors LP now owns 49,436 shares of the bank’s stock worth $882,000 after buying an additional 4,249 shares during the period. Institutional investors and hedge funds own 50.85% of the company’s stock.

Blue Hills Bancorp, Inc. (BHBK) traded up 1.07% on Wednesday, reaching $18.85. The company had a trading volume of 1,333 shares. The company has a 50-day moving average of $18.39 and a 200 day moving average of $18.26. The stock has a market cap of $468.40 million, a price-to-earnings ratio of 26.85 and a beta of 0.23. Blue Hills Bancorp, Inc. has a one year low of $13.96 and a one year high of $19.73.

Blue Hills Bancorp (NASDAQ:BHBK) last issued its earnings results on Wednesday, July 26th. The bank reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.02. Blue Hills Bancorp had a return on equity of 2.94% and a net margin of 17.56%. The business had revenue of $20.92 million during the quarter. On average, equities research analysts predict that Blue Hills Bancorp, Inc. will post $0.54 EPS for the current year.

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Separately, BidaskClub lowered Blue Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th.

Blue Hills Bancorp Company Profile

Blue Hills Bancorp, Inc is a bank holding company for the Blue Hills Bank (the Bank). Blue Hills Bank is a Massachusetts-chartered savings bank. As of December 31, 2016, the Bank provided financial services to individuals, families, small to mid-size businesses and government and non-profit organizations online and through its 11 full-service branch offices located in Brookline, Dedham, Hyde Park, Milton, Nantucket, Norwood, West Roxbury, and Westwood, Massachusetts.

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Institutional Ownership by Quarter for Blue Hills Bancorp (NASDAQ:BHBK)

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