Blue Hills Bancorp (NASDAQ:BHBK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday. The firm presently has a $27.00 price target on the bank’s stock. Zacks Investment Research‘s price target points to a potential upside of 12.41% from the company’s current price.

According to Zacks, “Blue Hills Bancorp, Inc. is the holding company for Blue Hills Bank, a full service, community bank. It provides consumer and commercial deposit and loan products. The Bank offers commercial and industrial and commercial real estate loans in addition to commercial checking and savings accounts. It offers consumer banking products including checking accounts, mortgage loans, equity lines of credit and traditional savings and certificate of deposit accounts. The Bank also offers online services including online account opening and funding, online mortgage applications and online banking, mobile banking and bill pay. Blue Hills Bancorp, Inc. is headquartered in Hyde Park, Massachusetts. “

BHBK has been the topic of several other research reports. BidaskClub lowered Blue Hills Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, November 28th. Compass Point lowered Blue Hills Bancorp from a “buy” rating to a “neutral” rating in a report on Tuesday, January 8th. ValuEngine upgraded Blue Hills Bancorp from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Finally, Keefe, Bruyette & Woods upgraded Blue Hills Bancorp from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $23.50 to $27.18 in a report on Friday, November 2nd. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $27.09.

Shares of Blue Hills Bancorp stock traded up $0.27 on Monday, hitting $24.02. 118,908 shares of the company’s stock traded hands, compared to its average volume of 143,365. Blue Hills Bancorp has a one year low of $19.50 and a one year high of $25.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market cap of $637.91 million, a price-to-earnings ratio of 23.32 and a beta of 0.41.

Blue Hills Bancorp (NASDAQ:BHBK) last announced its quarterly earnings results on Wednesday, January 23rd. The bank reported $0.28 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.28. The business had revenue of $22.20 million for the quarter, compared to analyst estimates of $19.80 million. Blue Hills Bancorp had a return on equity of 6.50% and a net margin of 20.98%. On average, sell-side analysts expect that Blue Hills Bancorp will post 1.16 EPS for the current fiscal year.

In other news, Director Scott Smith sold 3,000 shares of the stock in a transaction that occurred on Thursday, January 24th. The stock was sold at an average price of $23.13, for a total value of $69,390.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jim Kivlehan sold 9,705 shares of the stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $24.02, for a total value of $233,114.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,490 shares of company stock worth $1,065,344. Corporate insiders own 6.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc increased its position in shares of Blue Hills Bancorp by 15.9% during the third quarter. Legal & General Group Plc now owns 3,983 shares of the bank’s stock valued at $96,000 after acquiring an additional 545 shares during the last quarter. MetLife Investment Advisors LLC increased its position in shares of Blue Hills Bancorp by 52.7% during the third quarter. MetLife Investment Advisors LLC now owns 19,950 shares of the bank’s stock valued at $481,000 after acquiring an additional 6,887 shares during the last quarter. Rhumbline Advisers increased its position in shares of Blue Hills Bancorp by 42.0% during the fourth quarter. Rhumbline Advisers now owns 34,167 shares of the bank’s stock valued at $729,000 after acquiring an additional 10,114 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Blue Hills Bancorp by 15.6% during the third quarter. GSA Capital Partners LLP now owns 33,113 shares of the bank’s stock valued at $798,000 after acquiring an additional 4,459 shares during the last quarter. Finally, Citadel Advisors LLC increased its position in shares of Blue Hills Bancorp by 163.8% during the third quarter. Citadel Advisors LLC now owns 36,575 shares of the bank’s stock valued at $881,000 after acquiring an additional 22,710 shares during the last quarter. 53.59% of the stock is owned by institutional investors.

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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