Blue Hills Bancorp, Inc. (NASDAQ:BHBK) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Blue Hills Bancorp (NASDAQ:BHBK) traded down 0.32% during trading on Thursday, hitting $18.64. 2,801 shares of the stock were exchanged. Blue Hills Bancorp has a 1-year low of $13.93 and a 1-year high of $19.73. The stock has a market cap of $463.19 million, a price-to-earnings ratio of 26.55 and a beta of 0.23. The firm’s 50 day moving average price is $18.27 and its 200-day moving average price is $18.26.

Blue Hills Bancorp (NASDAQ:BHBK) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.02. The company had revenue of $20.92 million for the quarter. Blue Hills Bancorp had a return on equity of 2.94% and a net margin of 17.56%. On average, analysts anticipate that Blue Hills Bancorp will post $0.54 EPS for the current year.

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A number of large investors have recently modified their holdings of BHBK. FMR LLC increased its stake in shares of Blue Hills Bancorp by 8.2% in the first quarter. FMR LLC now owns 2,281,813 shares of the bank’s stock worth $40,731,000 after buying an additional 173,644 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Blue Hills Bancorp by 4.9% in the first quarter. Vanguard Group Inc. now owns 1,114,754 shares of the bank’s stock worth $19,899,000 after buying an additional 51,644 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Blue Hills Bancorp by 15.9% in the first quarter. Dimensional Fund Advisors LP now owns 561,135 shares of the bank’s stock worth $10,016,000 after buying an additional 76,911 shares during the last quarter. Royce & Associates LP increased its stake in shares of Blue Hills Bancorp by 2.4% in the second quarter. Royce & Associates LP now owns 481,070 shares of the bank’s stock worth $8,611,000 after buying an additional 11,300 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Blue Hills Bancorp by 7.4% in the fourth quarter. State Street Corp now owns 445,809 shares of the bank’s stock worth $8,359,000 after buying an additional 30,667 shares during the last quarter. Institutional investors and hedge funds own 50.88% of the company’s stock.

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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