Blue Hills Bancorp (NASDAQ:BHBK) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report released on Tuesday.

Other research analysts also recently issued reports about the company. Piper Jaffray Companies reaffirmed a “hold” rating and set a $22.50 target price on shares of Blue Hills Bancorp in a report on Tuesday, January 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $22.50 target price on shares of Blue Hills Bancorp in a report on Friday, December 22nd.

Blue Hills Bancorp (NASDAQ:BHBK) opened at $20.60 on Tuesday. The company has a market capitalization of $541.92, a PE ratio of 30.29 and a beta of 0.18. Blue Hills Bancorp has a twelve month low of $16.40 and a twelve month high of $22.05. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28.

Blue Hills Bancorp (NASDAQ:BHBK) last announced its earnings results on Monday, January 29th. The bank reported $0.16 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The firm had revenue of $20.72 million for the quarter. Blue Hills Bancorp had a return on equity of 3.47% and a net margin of 16.19%. equities analysts anticipate that Blue Hills Bancorp will post 0.83 earnings per share for the current fiscal year.

In other Blue Hills Bancorp news, Director George E. Clancy sold 1,517 shares of Blue Hills Bancorp stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $20.35, for a total transaction of $30,870.95. Following the transaction, the director now directly owns 18,795 shares of the company’s stock, valued at approximately $382,478.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian G. Leary sold 1,900 shares of Blue Hills Bancorp stock in a transaction dated Friday, November 17th. The stock was 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 have sold a total of 4,517 shares of company stock worth $92,991 over the last ninety days. Company insiders own 3.70% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Polaris Capital Management LLC raised its position in shares of Blue Hills Bancorp by 3,370.4% in the 4th quarter. Polaris Capital Management LLC now owns 1,148,692 shares of the bank’s stock worth $18,034,000 after acquiring an additional 1,115,592 shares in the last quarter. FMR LLC raised its position in shares of Blue Hills Bancorp by 5.8% in the 2nd quarter. FMR LLC now owns 2,413,763 shares of the bank’s stock worth $43,207,000 after acquiring an additional 131,950 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Blue Hills Bancorp by 15.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 647,897 shares of the bank’s stock worth $11,598,000 after acquiring an additional 86,762 shares in the last quarter. BlackRock Inc. raised its position in shares of Blue Hills Bancorp by 4.3% in the 4th quarter. BlackRock Inc. now owns 1,342,868 shares of the bank’s stock worth $26,992,000 after acquiring an additional 54,825 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Blue Hills Bancorp by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,166,300 shares of the bank’s stock worth $20,877,000 after acquiring an additional 51,546 shares in the last quarter. 51.97% of the stock is currently owned by hedge funds and other institutional investors.

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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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