Blue Hills Bancorp (NASDAQ:BHBK) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday.
BHBK has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Blue Hills Bancorp from a “buy” rating to a “hold” rating in a report on Monday, October 1st. BidaskClub cut shares of Blue Hills Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 18th. Finally, Piper Jaffray Companies cut shares of Blue Hills Bancorp from an “overweight” rating to a “neutral” rating in a research report on Tuesday, September 25th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $23.33.
Shares of BHBK opened at $23.37 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.22. Blue Hills Bancorp has a 12-month low of $18.45 and a 12-month high of $25.80. The stock has a market capitalization of $648.32 million, a P/E ratio of 41.73 and a beta of 0.08.
Blue Hills Bancorp (NASDAQ:BHBK) last announced its quarterly earnings data on Friday, July 27th. The bank reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.04. Blue Hills Bancorp had a net margin of 17.02% and a return on equity of 5.02%. The firm had revenue of $22.62 million during the quarter, compared to analyst estimates of $21.70 million. Equities research analysts anticipate that Blue Hills Bancorp will post 1 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. ClariVest Asset Management LLC lifted its position in Blue Hills Bancorp by 46.2% in the second quarter. ClariVest Asset Management LLC now owns 11,221 shares of the bank’s stock valued at $249,000 after buying an additional 3,544 shares during the last quarter. MetLife Investment Advisors LLC acquired a new position in Blue Hills Bancorp in the second quarter valued at about $290,000. JPMorgan Chase & Co. lifted its position in Blue Hills Bancorp by 218.6% in the first quarter. JPMorgan Chase & Co. now owns 16,383 shares of the bank’s stock valued at $342,000 after buying an additional 11,241 shares during the last quarter. Zacks Investment Management acquired a new position in Blue Hills Bancorp in the second quarter valued at about $459,000. Finally, GSA Capital Partners LLP lifted its position in Blue Hills Bancorp by 74.5% in the second quarter. GSA Capital Partners LLP now owns 28,654 shares of the bank’s stock valued at $636,000 after buying an additional 12,234 shares during the last quarter. 51.94% of the stock is currently owned by institutional investors.
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.
See Also: Fiduciary
To view ValuEngine’s full report, visit ValuEngine’s official website.
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