Piper Jaffray Companies reiterated their hold rating on shares of Blue Hills Bancorp, Inc. (NASDAQ:BHBK) in a research report report published on Wednesday. They currently have a $21.00 price target on the bank’s stock.

BHBK has been the topic of a number of other research reports. BidaskClub raised Blue Hills Bancorp from a hold rating to a buy rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $19.00 price target on shares of Blue Hills Bancorp in a research report on Friday, August 18th.

Blue Hills Bancorp (NASDAQ:BHBK) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. The company had revenue of $19.78 million for the quarter. Blue Hills Bancorp had a return on equity of 3.51% and a net margin of 19.33%.

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The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 20th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Tuesday, September 19th. Blue Hills Bancorp’s dividend payout ratio (DPR) is presently 75.00%.

In other Blue Hills Bancorp news, CFO Jim Kivlehan bought 12,178 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were acquired at an average price of $21.78 per share, with a total value of $265,236.84. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.70% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Anchor Capital Advisors LLC raised its position in shares of Blue Hills Bancorp by 1.1% during the 2nd quarter. Anchor Capital Advisors LLC now owns 45,016 shares of the bank’s stock worth $806,000 after acquiring an additional 487 shares in the last quarter. American International Group Inc. raised its position in shares of Blue Hills Bancorp by 6.8% during the 1st quarter. American International Group Inc. now owns 15,135 shares of the bank’s stock worth $270,000 after acquiring an additional 960 shares in the last quarter. GSA Capital Partners LLP raised its position in shares of Blue Hills Bancorp by 9.3% during the 2nd quarter. GSA Capital Partners LLP now owns 19,074 shares of the bank’s stock worth $341,000 after acquiring an additional 1,624 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Blue Hills Bancorp by 31.7% during the 2nd quarter. Alliancebernstein L.P. now owns 19,100 shares of the bank’s stock worth $342,000 after acquiring an additional 4,600 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Blue Hills Bancorp by 6.9% during the 1st quarter. Bank of New York Mellon Corp now owns 145,728 shares of the bank’s stock worth $2,601,000 after acquiring an additional 9,435 shares in the last quarter. 50.37% of the stock is currently owned by institutional investors and hedge funds.

About Blue Hills Bancorp

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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