Rhumbline Advisers boosted its stake in shares of Blue Hills Bancorp Inc (NASDAQ:BHBK) by 42.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,167 shares of the bank’s stock after buying an additional 10,114 shares during the quarter. Rhumbline Advisers’ holdings in Blue Hills Bancorp were worth $729,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp grew its position in Blue Hills Bancorp by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 179,456 shares of the bank’s stock valued at $3,984,000 after acquiring an additional 3,424 shares in the last quarter. First Trust Advisors LP grew its position in Blue Hills Bancorp by 110.1% in the third quarter. First Trust Advisors LP now owns 79,775 shares of the bank’s stock valued at $1,923,000 after acquiring an additional 41,804 shares in the last quarter. Wells Fargo & Company MN grew its position 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 valued at $932,000 after acquiring an additional 2,558 shares in the last quarter. Candriam Luxembourg S.C.A. acquired a new stake in Blue Hills Bancorp in the third quarter valued at approximately $3,470,000. Finally, BlackRock Inc. grew its position in Blue Hills Bancorp by 1.5% in the third quarter. BlackRock Inc. now owns 1,389,633 shares of the bank’s stock valued at $33,490,000 after acquiring an additional 20,710 shares in the last quarter. 54.16% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Scott Smith sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $23.13, for a total transaction of $69,390.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jim Kivlehan sold 38,162 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $24.50, for a total transaction of $934,969.00. The disclosure for this sale can be found here. Insiders have sold 117,337 shares of company stock valued at $2,836,261 in the last three months. Corporate insiders own 6.60% of the company’s stock.

Shares of NASDAQ:BHBK opened at $23.75 on Friday. 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 Inc has a 52-week low of $19.75 and a 52-week high of $25.80. The company has a market capitalization of $641.80 million, a price-to-earnings ratio of 23.06 and a beta of 0.42.

Blue Hills Bancorp (NASDAQ:BHBK) last issued its quarterly earnings data on Wednesday, January 23rd. The bank reported $0.28 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. Blue Hills Bancorp had a net margin of 20.98% and a return on equity of 6.48%. The company had revenue of $22.20 million during the quarter, compared to the consensus estimate of $19.80 million. On average, analysts anticipate that Blue Hills Bancorp Inc will post 1.16 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Tuesday, March 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Monday, March 4th. Blue Hills Bancorp’s payout ratio is currently 77.67%.

Several analysts have issued reports on the stock. ValuEngine downgraded shares of Blue Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. BidaskClub raised shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research 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 price objective for the company in a research report on Monday, February 11th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $27.09.

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About Blue Hills Bancorp

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, commercial and regular checking, 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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