Blue Hills Bancorp Inc (BHBK) Receives Consensus Recommendation of “Hold” from Analysts

Blue Hills Bancorp Inc (NASDAQ:BHBK) has been assigned a consensus recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $27.18.

Several equities analysts have recently issued reports on the stock. BidaskClub raised shares of Blue Hills Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, March 28th. Zacks Investment Research lowered shares of Blue Hills Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, ValuEngine lowered shares of Blue Hills Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th.

A number of hedge funds and other institutional investors have recently made changes to their positions in BHBK. Legal & General Group Plc boosted its stake in Blue Hills Bancorp by 15.9% in the 3rd quarter. Legal & General Group Plc now owns 3,983 shares of the bank’s stock worth $96,000 after purchasing an additional 545 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Blue Hills Bancorp by 912.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,788 shares of the bank’s stock worth $114,000 after purchasing an additional 4,315 shares during the period. Meeder Asset Management Inc. boosted its stake in Blue Hills Bancorp by 686.9% in the 1st quarter. Meeder Asset Management Inc. now owns 6,917 shares of the bank’s stock worth $165,000 after purchasing an additional 6,038 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in Blue Hills Bancorp by 416.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,540 shares of the bank’s stock worth $182,000 after purchasing an additional 6,887 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Blue Hills Bancorp by 9.4% in the 4th quarter. Principal Financial Group Inc. now owns 9,446 shares of the bank’s stock worth $202,000 after purchasing an additional 814 shares during the period. 54.04% of the stock is owned by hedge funds and other institutional investors.

Shares of BHBK stock opened at $23.90 on Friday. Blue Hills Bancorp has a 12-month low of $20.00 and a 12-month high of $25.80. The firm has a market capitalization of $643.15 million, a PE ratio of 23.20 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.02 and a quick ratio of 1.02.

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, and commercial and regular checking accounts, as well as certificates of deposit and IRAs.

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