Thrivent Financial For Lutherans Acquires Shares of 77,680 Blue Hills Bancorp, Inc. (BHBK)
Thrivent Financial For Lutherans acquired a new position in shares of Blue Hills Bancorp, Inc. (NASDAQ:BHBK) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 77,680 shares of the bank’s stock, valued at approximately $1,391,000. Thrivent Financial For Lutherans owned approximately 0.32% of Blue Hills Bancorp as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bank of Montreal Can purchased a new stake in shares of Blue Hills Bancorp in the first quarter valued at $144,000. UBS Asset Management Americas Inc. acquired a new stake in shares of Blue Hills Bancorp in the first quarter worth $195,000. American International Group Inc. boosted its position in shares of Blue Hills Bancorp by 6.8% in the first quarter. American International Group Inc. now owns 15,135 shares of the bank’s stock worth $270,000 after buying an additional 960 shares during the period. Alliancebernstein L.P. boosted its position in shares of Blue Hills Bancorp by 31.7% in the second quarter. Alliancebernstein L.P. now owns 19,100 shares of the bank’s stock worth $342,000 after buying an additional 4,600 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Blue Hills Bancorp by 172.3% during the first quarter. Cornerstone Capital Management Holdings LLC. now owns 21,513 shares of the bank’s stock valued at $383,000 after buying an additional 13,613 shares in the last quarter. Hedge funds and other institutional investors own 50.38% of the company’s stock.
A number of research analysts have recently weighed in on BHBK shares. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $19.00 price target on shares of Blue Hills Bancorp in a report on Friday, August 18th. BidaskClub lowered Blue Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th.
Shares of Blue Hills Bancorp, Inc. (NASDAQ BHBK) opened at 19.55 on Wednesday. Blue Hills Bancorp, Inc. has a 12-month low of $14.51 and a 12-month high of $19.75. The firm has a market capitalization of $485.80 million, a PE ratio of 27.85 and a beta of 0.24. The company’s 50 day moving average is $18.86 and its 200 day moving average is $18.31.
Blue Hills Bancorp (NASDAQ:BHBK) last released its quarterly earnings data on Wednesday, July 26th. The bank reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.02. Blue Hills Bancorp had a return on equity of 2.94% and a net margin of 17.56%. The business had revenue of $20.92 million for the quarter. On average, analysts forecast that Blue Hills Bancorp, Inc. will post $0.54 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 4th. Investors of record on Wednesday, September 20th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $0.60 dividend on an annualized basis and a yield of 3.07%. Blue Hills Bancorp’s payout ratio is 84.51%.
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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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