Blue Hills Bancorp, Inc. (BHBK) Stake Raised by Geode Capital Management LLC
Geode Capital Management LLC boosted its stake in Blue Hills Bancorp, Inc. (NASDAQ:BHBK) by 5.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 235,091 shares of the bank’s stock after buying an additional 12,707 shares during the period. Geode Capital Management LLC’s holdings in Blue Hills Bancorp were worth $4,196,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BHBK. Vanguard Group Inc. raised its position in Blue Hills Bancorp by 4.9% in the first quarter. Vanguard Group Inc. now owns 1,114,754 shares of the bank’s stock valued at $19,899,000 after buying an additional 51,644 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Blue Hills Bancorp by 24.8% in the first quarter. TIAA CREF Investment Management LLC now owns 108,933 shares of the bank’s stock valued at $1,944,000 after buying an additional 21,653 shares during the last quarter. Teachers Advisors LLC raised its position in Blue Hills Bancorp by 28.5% in the first quarter. Teachers Advisors LLC now owns 51,192 shares of the bank’s stock valued at $914,000 after buying an additional 11,353 shares during the last quarter. FMR LLC raised its position in Blue Hills Bancorp by 8.2% in the first quarter. FMR LLC now owns 2,281,813 shares of the bank’s stock valued at $40,731,000 after buying an additional 173,644 shares during the last quarter. Finally, Spark Investment Management LLC raised its position in Blue Hills Bancorp by 261.9% in the first quarter. Spark Investment Management LLC now owns 40,900 shares of the bank’s stock valued at $730,000 after buying an additional 29,600 shares during the last quarter. 50.85% of the stock is currently owned by institutional investors and hedge funds.
Blue Hills Bancorp, Inc. (NASDAQ:BHBK) traded up 1.206% on Wednesday, reaching $18.875. 5,594 shares of the company traded hands. Blue Hills Bancorp, Inc. has a one year low of $13.96 and a one year high of $19.73. The stock has a market capitalization of $469.02 million, a PE ratio of 26.887 and a beta of 0.23. The firm has a 50 day moving average of $18.39 and a 200-day moving average of $18.27.
Blue Hills Bancorp (NASDAQ:BHBK) last announced its earnings results on Wednesday, July 26th. The bank reported $0.14 EPS for the quarter, beating the Thomson Reuters’ 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 for the quarter. On average, analysts anticipate that Blue Hills Bancorp, Inc. will post $0.54 EPS for the current year.
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Separately, BidaskClub lowered shares of Blue Hills Bancorp from a “buy” rating to a “hold” rating in a research note 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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