Blue Hills Bancorp, Inc. (BHBK) Shares Sold by Spark Investment Management LLC
Spark Investment Management LLC cut its position in Blue Hills Bancorp, Inc. (NASDAQ:BHBK) by 23.2% during the second quarter, Holdings Channel reports. The institutional investor owned 31,400 shares of the bank’s stock after selling 9,500 shares during the period. Spark Investment Management LLC’s holdings in Blue Hills Bancorp were worth $562,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in Blue Hills Bancorp during the fourth quarter worth approximately $124,000. Bank of Montreal Can acquired a new position in Blue Hills Bancorp during the first quarter worth approximately $144,000. UBS Asset Management Americas Inc. acquired a new position in Blue Hills Bancorp during the first quarter worth approximately $195,000. American International Group Inc. boosted its position in 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 in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in 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 in the last quarter. 50.88% of the stock is currently owned by institutional investors.
Blue Hills Bancorp, Inc. (NASDAQ BHBK) opened at 18.15 on Friday. The stock has a market capitalization of $451.01 million, a PE ratio of 25.85 and a beta of 0.23. The company has a 50-day moving average price of $18.32 and a 200-day moving average price of $18.26. Blue Hills Bancorp, Inc. has a 12-month low of $14.02 and a 12-month high of $19.73.
Blue Hills Bancorp (NASDAQ:BHBK) last issued its quarterly 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. The firm had revenue of $20.92 million for the quarter. Blue Hills Bancorp had a return on equity of 2.94% and a net margin of 17.56%. Analysts expect that Blue Hills Bancorp, Inc. will post $0.54 earnings per share for the current fiscal year.
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Separately, BidaskClub cut Blue Hills Bancorp from a “buy” rating to a “hold” rating in a report on Thursday.
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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