Chicago Equity Partners LLC acquired a new position in shares of Blue Hills Bancorp Inc (NASDAQ:BHBK) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 34,940 shares of the bank’s stock, valued at approximately $776,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ClariVest Asset Management LLC bought a new stake in shares of Blue Hills Bancorp during the 1st quarter worth $160,000. JPMorgan Chase & Co. boosted its holdings in shares of Blue Hills Bancorp by 218.6% during the 1st quarter. JPMorgan Chase & Co. now owns 16,383 shares of the bank’s stock worth $342,000 after buying an additional 11,241 shares during the period. Dupont Capital Management Corp bought a new stake in shares of Blue Hills Bancorp during the 1st quarter worth $377,000. GSA Capital Partners LLP boosted its holdings in shares of Blue Hills Bancorp by 74.5% during the 2nd quarter. GSA Capital Partners LLP now owns 28,654 shares of the bank’s stock worth $636,000 after buying an additional 12,234 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in shares of Blue Hills Bancorp by 274.8% during the 2nd quarter. Acadian Asset Management LLC now owns 36,733 shares of the bank’s stock worth $816,000 after buying an additional 26,932 shares during the period. 51.94% of the stock is owned by institutional investors and hedge funds.
NASDAQ BHBK opened at $23.05 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.22. The firm has a market cap of $613.35 million, a P/E ratio of 28.15 and a beta of 0.08. Blue Hills Bancorp Inc has a 1 year low of $18.07 and a 1 year high of $23.90.
Blue Hills Bancorp (NASDAQ:BHBK) last posted its quarterly earnings data on Friday, July 27th. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The business had revenue of $22.62 million during the quarter, compared to the consensus estimate of $21.70 million. Blue Hills Bancorp had a net margin of 17.02% and a return on equity of 5.02%. equities research analysts expect that Blue Hills Bancorp Inc will post 1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 22nd. Shareholders of record on Wednesday, August 8th were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, August 7th. This is an increase from Blue Hills Bancorp’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 3.47%. Blue Hills Bancorp’s dividend payout ratio is 142.86%.
BHBK has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Blue Hills Bancorp from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a report on Tuesday, July 31st. BidaskClub raised shares of Blue Hills Bancorp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 26th.
Blue Hills Bancorp Company Profile
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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