Pecaut & CO. reduced its position in Blue Hills Bancorp Inc (NASDAQ:BHBK) by 7.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 29,242 shares of the bank’s stock after selling 2,234 shares during the period. Pecaut & CO.’s holdings in Blue Hills Bancorp were worth $699,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BHBK. BNP Paribas Arbitrage SA increased its position in shares of Blue Hills Bancorp by 912.3% during the first quarter. BNP Paribas Arbitrage SA now owns 4,788 shares of the bank’s stock valued at $114,000 after buying an additional 4,315 shares during the period. Meeder Asset Management Inc. increased its position in shares of Blue Hills Bancorp by 686.9% during the first quarter. Meeder Asset Management Inc. now owns 6,917 shares of the bank’s stock valued at $165,000 after buying an additional 6,038 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of Blue Hills Bancorp by 416.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,540 shares of the bank’s stock valued at $182,000 after buying an additional 6,887 shares during the period. Principal Financial Group Inc. increased its position in shares of Blue Hills Bancorp by 9.4% during the fourth quarter. Principal Financial Group Inc. now owns 9,446 shares of the bank’s stock valued at $202,000 after buying an additional 814 shares during the period. Finally, Paloma Partners Management Co bought a new stake in shares of Blue Hills Bancorp during the fourth quarter valued at about $213,000. Institutional investors and hedge funds own 54.04% of the company’s stock.

Shares of NASDAQ BHBK remained flat at $$23.90 during midday trading on Friday. The stock had a trading volume of 850,297 shares, compared to its average volume of 167,026. Blue Hills Bancorp Inc has a 52 week low of $20.00 and a 52 week high of $25.80. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $643.15 million, a price-to-earnings ratio of 23.20 and a beta of 0.41.

Several equities research analysts have recently weighed in on BHBK shares. BidaskClub upgraded Blue Hills Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, March 28th. ValuEngine cut Blue Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Blue Hills Bancorp presently has an average rating of “Hold” and an average price target of $27.09.

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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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