Blue Hills Bancorp, Inc. (BHBK) Director Brian G. Leary Sells 1,900 Shares of Stock

Blue Hills Bancorp, Inc. (NASDAQ:BHBK) Director Brian G. Leary sold 1,900 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $20.89, for a total transaction of $39,691.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Blue Hills Bancorp, Inc. (NASDAQ BHBK) traded up $0.10 during midday trading on Wednesday, hitting $21.15. 35,200 shares of the stock were exchanged, compared to its average volume of 61,313. Blue Hills Bancorp, Inc. has a 1-year low of $16.40 and a 1-year high of $21.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $564.71, a P/E ratio of 36.29 and a beta of 0.29.

Blue Hills Bancorp (NASDAQ:BHBK) last posted its quarterly earnings results on Wednesday, October 25th. The bank reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.03. Blue Hills Bancorp had a net margin of 19.33% and a return on equity of 3.50%. The business had revenue of $19.78 million for the quarter. analysts anticipate that Blue Hills Bancorp, Inc. will post 0.56 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 29th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Tuesday, November 28th. Blue Hills Bancorp’s dividend payout ratio (DPR) is presently 75.00%.

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A number of equities analysts have recently weighed in on the stock. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $21.00 price target on shares of Blue Hills Bancorp in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $19.00 price target on shares of Blue Hills Bancorp in a research note on Friday, August 18th. Finally, BidaskClub downgraded shares of Blue Hills Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th.

A number of institutional investors have recently bought and sold shares of BHBK. UBS Asset Management Americas Inc. acquired a new position in Blue Hills Bancorp during the first quarter worth $195,000. Susquehanna International Group LLP acquired a new position in Blue Hills Bancorp during the second quarter worth $269,000. American International Group Inc. increased its position in Blue Hills Bancorp by 6.8% during 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 last quarter. Parametric Portfolio Associates LLC acquired a new position in Blue Hills Bancorp during the second quarter worth $277,000. Finally, GSA Capital Partners LLP increased its position in Blue Hills Bancorp by 9.3% during the second quarter. GSA Capital Partners LLP now owns 19,074 shares of the bank’s stock worth $341,000 after buying an additional 1,624 shares during the last quarter. 50.89% of the stock is currently owned by hedge funds and other institutional investors.

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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