Vanguard Group Inc. lifted its position in shares of Blue Hills Bancorp, Inc. (NASDAQ:BHBK) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,166,300 shares of the bank’s stock after acquiring an additional 51,546 shares during the period. Vanguard Group Inc. owned approximately 4.87% of Blue Hills Bancorp worth $20,877,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Anchor Capital Advisors LLC increased its position in Blue Hills Bancorp by 1.1% during the 2nd quarter. Anchor Capital Advisors LLC now owns 45,016 shares of the bank’s stock worth $806,000 after purchasing an additional 487 shares in the last quarter. American International Group Inc. increased its position in Blue Hills Bancorp by 6.8% during the 1st quarter. American International Group Inc. now owns 15,135 shares of the bank’s stock worth $270,000 after purchasing an additional 960 shares in the last quarter. GSA Capital Partners LLP increased its position in Blue Hills Bancorp by 9.3% during the 2nd quarter. GSA Capital Partners LLP now owns 19,074 shares of the bank’s stock worth $341,000 after purchasing an additional 1,624 shares in the last quarter. Alliancebernstein L.P. increased its position in Blue Hills Bancorp by 31.7% during the 2nd quarter. Alliancebernstein L.P. now owns 19,100 shares of the bank’s stock worth $342,000 after purchasing an additional 4,600 shares in the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in Blue Hills Bancorp during the 1st quarter worth approximately $195,000. 50.42% of the stock is owned by institutional investors.

A number of research firms recently issued reports on BHBK. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $19.00 price objective on shares of Blue Hills Bancorp in a research report on Friday, August 18th. BidaskClub cut shares of Blue Hills Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $21.00 price objective on shares of Blue Hills Bancorp in a research report on Wednesday, November 1st.

In other Blue Hills Bancorp news, Director Scott Smith sold 1,950 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $19.48, for a total value of $37,986.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jim Kivlehan purchased 12,178 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was acquired at an average price of $21.78 per share, with a total value of $265,236.84. The disclosure for this purchase can be found here. Corporate insiders own 3.70% of the company’s stock.

Blue Hills Bancorp, Inc. (NASDAQ BHBK) opened at $20.60 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.04 and a quick ratio of 1.04. Blue Hills Bancorp, Inc. has a 12-month low of $16.40 and a 12-month high of $21.90. The stock has a market cap of $543.24, a P/E ratio of 34.91 and a beta of 0.29.

Blue Hills Bancorp (NASDAQ:BHBK) last announced its quarterly earnings results on Wednesday, October 25th. The bank reported $0.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. Blue Hills Bancorp had a net margin of 19.33% and a return on equity of 3.50%. The firm had revenue of $19.78 million during the quarter. equities research analysts predict that Blue Hills Bancorp, Inc. will post 0.56 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “Blue Hills Bancorp, Inc. (BHBK) Stake Increased by Vanguard Group Inc.” was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another website, it was stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this story can be read at https://www.dailypolitical.com/2017/11/15/blue-hills-bancorp-inc-bhbk-stake-increased-by-vanguard-group-inc.html.

Blue Hills Bancorp Company Profile

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.

Want to see what other hedge funds are holding BHBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blue Hills Bancorp, Inc. (NASDAQ:BHBK).

Institutional Ownership by Quarter for Blue Hills Bancorp (NASDAQ:BHBK)

Receive News & Ratings for Blue Hills Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Hills Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.