Blue Hills Bancorp Inc. (BHBK) Stake Raised by Teacher Retirement System of Texas
Teacher Retirement System of Texas increased its stake in Blue Hills Bancorp Inc. (NASDAQ:BHBK) by 76.4% during the second quarter, Holdings Channel reports. The institutional investor owned 25,032 shares of the company’s stock after buying an additional 10,838 shares during the period. Teacher Retirement System of Texas owned 0.10% of Blue Hills Bancorp worth $369,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in BHBK. Strs Ohio raised its position in shares of Blue Hills Bancorp by 4.1% in the second quarter. Strs Ohio now owns 45,800 shares of the company’s stock valued at $676,000 after buying an additional 1,800 shares in the last quarter. Boston Advisors LLC bought a new position in shares of Blue Hills Bancorp during the second quarter valued at $258,000. Bank of New York Mellon Corp raised its position in shares of Blue Hills Bancorp by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 120,133 shares of the company’s stock valued at $1,774,000 after buying an additional 1,946 shares in the last quarter. Swiss National Bank raised its position in shares of Blue Hills Bancorp by 11.8% in the second quarter. Swiss National Bank now owns 49,100 shares of the company’s stock valued at $725,000 after buying an additional 5,200 shares in the last quarter. Finally, Commonwealth Equity Services Inc raised its position in shares of Blue Hills Bancorp by 55.8% in the second quarter. Commonwealth Equity Services Inc now owns 20,601 shares of the company’s stock valued at $304,000 after buying an additional 7,376 shares in the last quarter. 51.18% of the stock is owned by institutional investors.
Shares of Blue Hills Bancorp Inc. (NASDAQ:BHBK) opened at 14.87 on Tuesday. The company has a 50-day moving average of $14.72 and a 200 day moving average of $14.42. The company has a market capitalization of $376.36 million, a P/E ratio of 51.99 and a beta of 0.15. Blue Hills Bancorp Inc. has a 12 month low of $13.22 and a 12 month high of $16.58.
Blue Hills Bancorp (NASDAQ:BHBK) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.02. Blue Hills Bancorp had a net margin of 9.91% and a return on equity of 1.82%. Analysts forecast that Blue Hills Bancorp Inc. will post $0.19 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders of record on Wednesday, August 31st were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend was Monday, August 29th. Blue Hills Bancorp’s payout ratio is 42.86%.
Several research analysts have recently commented on BHBK shares. TheStreet raised shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, July 21st. Keefe, Bruyette & Woods decreased their price target on shares of Blue Hills Bancorp from $16.00 to $15.50 and set a “market perform” rating for the company in a report on Friday, July 29th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Blue Hills Bancorp has a consensus rating of “Buy” and an average price target of $16.13.
Blue Hills Bancorp Company Profile
Blue Hills Bancorp, Inc (Blue Hills Bancorp) is a bank holding company for the Blue Hills Bank (the Bank). Blue Hills Bank is a Massachusetts-chartered savings bank. The Bank provides financial services to individuals, families, small to mid-size businesses and government and non-profit organizations online and through its approximately 11 full-service branch offices located in Brookline, Dedham, Hyde Park, Milton, Nantucket, Norwood, West Roxbury, and Westwood, Massachusetts.
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