Blue Hills Bancorp Inc (NASDAQ:BHBK) was the recipient of a large decrease in short interest in November. As of November 30th, there was short interest totalling 293,719 shares, a decrease of 44.4% from the November 15th total of 528,675 shares. Based on an average daily trading volume, of 43,666 shares, the short-interest ratio is presently 6.7 days. Currently, 1.3% of the shares of the stock are sold short.

A number of brokerages recently issued reports on BHBK. BidaskClub lowered shares of Blue Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Piper Jaffray Companies reiterated a “hold” rating and issued a $21.00 target price on shares of Blue Hills Bancorp in a research report on Wednesday, November 1st.

Blue Hills Bancorp (NASDAQ BHBK) opened at $21.15 on Thursday. Blue Hills Bancorp has a 12-month low of $16.40 and a 12-month high of $22.05. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $586.17, a PE ratio of 37.67 and a beta of 0.27.

Blue Hills Bancorp (NASDAQ:BHBK) last posted its quarterly earnings data on Wednesday, October 25th. The bank reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. Blue Hills Bancorp had a net margin of 19.33% and a return on equity of 3.50%. The company had revenue of $19.78 million during the quarter. sell-side analysts expect that Blue Hills Bancorp will post 0.56 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 29th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, November 28th. This represents a $0.60 annualized dividend and a dividend yield of 2.84%. Blue Hills Bancorp’s dividend payout ratio (DPR) is 75.00%.

In related news, Director George E. Clancy sold 1,517 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $20.35, for a total value of $30,870.95. Following the completion of the transaction, the director now owns 18,795 shares in the company, valued at approximately $382,478.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Scott Smith sold 1,950 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $19.48, for a total transaction of $37,986.00. The disclosure for this sale can be found here. Insiders sold a total of 6,467 shares of company stock valued at $130,977 in the last quarter. 3.70% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Blue Hills Bancorp by 11.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 721,932 shares of the bank’s stock valued at $13,862,000 after purchasing an additional 74,035 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Blue Hills Bancorp by 14.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 50,450 shares of the bank’s stock valued at $969,000 after purchasing an additional 6,550 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Blue Hills Bancorp by 52.1% during the 3rd quarter. Wells Fargo & Company MN now owns 28,491 shares of the bank’s stock valued at $547,000 after purchasing an additional 9,762 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of Blue Hills Bancorp by 20.5% during the 3rd quarter. Citadel Advisors LLC now owns 40,831 shares of the bank’s stock valued at $784,000 after purchasing an additional 6,956 shares in the last quarter. Finally, TD Asset Management Inc. boosted its position in shares of Blue Hills Bancorp by 35.6% during the 3rd quarter. TD Asset Management Inc. now owns 28,171 shares of the bank’s stock valued at $541,000 after purchasing an additional 7,400 shares in the last quarter. Institutional investors own 51.88% of the company’s stock.

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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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