SeaCrest Wealth Management LLC bought a new position in Blue Hills Bancorp Inc (NASDAQ:BHBK) during the 4th quarter, HoldingsChannel.com reports. The fund bought 23,000 shares of the bank’s stock, valued at approximately $462,000.

A number of other large investors have also recently made changes to their positions in the business. Schwab Charles Investment Management Inc. boosted its position in Blue Hills Bancorp by 7.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 54,253 shares of the bank’s stock worth $1,091,000 after purchasing an additional 3,803 shares during the last quarter. Wasatch Advisors Inc. boosted its position in Blue Hills Bancorp by 12.4% in the fourth quarter. Wasatch Advisors Inc. now owns 145,000 shares of the bank’s stock worth $2,915,000 after purchasing an additional 16,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Blue Hills Bancorp by 11.4% in the third quarter. Dimensional Fund Advisors LP now owns 721,932 shares of the bank’s stock worth $13,862,000 after purchasing an additional 74,035 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Blue Hills Bancorp by 52.1% in the third quarter. Wells Fargo & Company MN now owns 28,491 shares of the bank’s stock worth $547,000 after buying an additional 9,762 shares during the period. Finally, Citadel Advisors LLC raised its stake in shares of Blue Hills Bancorp by 20.5% in the third quarter. Citadel Advisors LLC now owns 40,831 shares of the bank’s stock worth $784,000 after buying an additional 6,956 shares during the period. 51.97% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently commented on BHBK shares. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $22.50 price objective on shares of Blue Hills Bancorp in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $22.50 price objective on shares of Blue Hills Bancorp in a research note on Friday, December 22nd. Finally, BidaskClub downgraded Blue Hills Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th.

In related news, Director Scott Smith sold 1,950 shares of Blue Hills Bancorp stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $19.48, for a total transaction of $37,986.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Brian G. Leary sold 1,900 shares of Blue Hills Bancorp stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $20.89, for a total value of $39,691.00. The disclosure for this sale can be found here. Insiders sold 6,467 shares of company stock worth $130,977 in the last ninety days. Corporate insiders own 3.70% of the company’s stock.

Blue Hills Bancorp Inc (NASDAQ BHBK) opened at $19.30 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 1.04. Blue Hills Bancorp Inc has a 12 month low of $16.40 and a 12 month high of $22.05. The company has a market capitalization of $504.36, a PE ratio of 32.98 and a beta of 0.18.

Blue Hills Bancorp (NASDAQ:BHBK) last posted its quarterly earnings data on Monday, January 29th. The bank reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Blue Hills Bancorp had a return on equity of 3.47% and a net margin of 16.19%. The firm had revenue of $20.72 million for the quarter. research analysts expect that Blue Hills Bancorp Inc will post 0.7 EPS for the current fiscal year.

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

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