MetLife Investment Advisors LLC decreased its position in Blue Hills Bancorp Inc (NASDAQ:BHBK) by 54.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,156 shares of the bank’s stock after selling 10,794 shares during the period. MetLife Investment Advisors LLC’s holdings in Blue Hills Bancorp were worth $195,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BHBK. Wells Fargo & Company MN raised its holdings in Blue Hills Bancorp by 7.1% in the third quarter. Wells Fargo & Company MN now owns 38,709 shares of the bank’s stock worth $932,000 after buying an additional 2,558 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Blue Hills Bancorp by 1.4% in the third quarter. Bank of New York Mellon Corp now owns 181,895 shares of the bank’s stock worth $4,383,000 after buying an additional 2,439 shares during the last quarter. BlackRock Inc. raised its holdings in Blue Hills Bancorp by 1.5% in the third quarter. BlackRock Inc. now owns 1,389,633 shares of the bank’s stock worth $33,490,000 after buying an additional 20,710 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Blue Hills Bancorp by 8.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,056,662 shares of the bank’s stock worth $25,466,000 after buying an additional 81,905 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Blue Hills Bancorp by 18.5% in the third quarter. Renaissance Technologies LLC now owns 443,200 shares of the bank’s stock worth $10,681,000 after buying an additional 69,200 shares during the last quarter. 54.04% of the stock is currently owned by institutional investors.

In other news, Director George E. Clancy sold 1,850 shares of Blue Hills Bancorp stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $23.72, for a total value of $43,882.00. Following the completion of the sale, the director now directly owns 16,945 shares in the company, valued at $401,935.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kevin Malone sold 10,000 shares of Blue Hills Bancorp stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $23.80, for a total transaction of $238,000.00. Following the completion of the sale, the executive vice president now owns 72,738 shares of the company’s stock, valued at $1,731,164.40. The disclosure for this sale can be found here. Insiders sold 117,337 shares of company stock valued at $2,836,261 over the last quarter. Company insiders own 6.60% of the company’s stock.

Several brokerages have issued reports on BHBK. ValuEngine cut shares of Blue Hills Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. BidaskClub raised shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating in a report on Friday, February 22nd. Finally, Zacks Investment Research raised shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Monday, February 11th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Blue Hills Bancorp currently has a consensus rating of “Hold” and an average price target of $27.09.

Shares of BHBK stock opened at $23.90 on Monday. Blue Hills Bancorp Inc has a 52 week low of $20.00 and a 52 week high of $25.80. The company has a market capitalization of $643.15 million, a PE ratio of 23.20 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 1.02.

Blue Hills Bancorp (NASDAQ:BHBK) last announced its quarterly earnings results on Wednesday, January 23rd. The bank reported $0.28 EPS for the quarter, hitting analysts’ consensus estimates of $0.28. Blue Hills Bancorp had a net margin of 20.98% and a return on equity of 6.48%. The firm had revenue of $22.20 million during the quarter, compared to analyst estimates of $19.80 million. Equities research analysts anticipate that Blue Hills Bancorp Inc will post 1.16 EPS for the current fiscal year.

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Blue Hills Bancorp Profile

Blue Hills Bancorp, Inc operates as the bank holding company for Blue Hills Bank that provides financial services to individuals, families, small to mid-size businesses, government, and non-profit organizations in Massachusetts. The company accepts passbook and statement savings, money market, and commercial and regular checking accounts, as well as certificates of deposit and IRAs.

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

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