Blue Hills Bancorp (BHBK) Cut to “Hold” at ValuEngine

Blue Hills Bancorp (NASDAQ:BHBK) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Several other brokerages have also recently commented on BHBK. Zacks Investment Research raised Blue Hills Bancorp from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Monday, February 11th. Compass Point cut Blue Hills Bancorp from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 8th. Finally, BidaskClub cut Blue Hills Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Blue Hills Bancorp has a consensus rating of “Hold” and a consensus price target of $27.09.

NASDAQ:BHBK opened at $24.03 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.02 and a current ratio of 1.02. Blue Hills Bancorp has a fifty-two week low of $19.50 and a fifty-two week high of $25.80. The stock has a market cap of $662.07 million, a price-to-earnings ratio of 23.33 and a beta of 0.41.



Blue Hills Bancorp (NASDAQ:BHBK) last released its earnings results on Wednesday, January 23rd. The bank reported $0.28 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. Blue Hills Bancorp had a return on equity of 6.50% and a net margin of 20.98%. The company had revenue of $22.20 million for the quarter, compared to analysts’ expectations of $19.80 million. As a group, equities analysts forecast that Blue Hills Bancorp will post 1.16 earnings per share for the current fiscal year.

In related news, CFO Jim Kivlehan sold 9,705 shares of the business’s 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Scott Smith sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, January 24th. The shares were sold at an average price of $23.13, for a total value of $69,390.00. The disclosure for this sale can be found here. In the last three months, insiders sold 105,487 shares of company stock valued at $2,554,379. 6.60% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of BHBK. ARP Americas LP lifted its holdings in Blue Hills Bancorp by 310.6% in the 4th quarter. ARP Americas LP now owns 503,312 shares of the bank’s stock worth $10,741,000 after purchasing an additional 380,723 shares during the last quarter. Gardner Lewis Asset Management L P acquired a new stake in Blue Hills Bancorp in the 4th quarter worth approximately $4,651,000. Morgan Stanley lifted its holdings in Blue Hills Bancorp by 338.5% in the 3rd quarter. Morgan Stanley now owns 273,684 shares of the bank’s stock worth $6,595,000 after purchasing an additional 211,270 shares during the last quarter. BlackRock Inc. lifted its holdings in Blue Hills Bancorp by 13.7% in the 4th quarter. BlackRock Inc. now owns 1,580,078 shares of the bank’s stock worth $33,719,000 after purchasing an additional 190,445 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. acquired a new stake in Blue Hills Bancorp in the 3rd quarter worth approximately $3,470,000. Hedge funds and other institutional investors own 52.53% of the company’s stock.

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

Recommended Story: Different Types of Derivatives

To view ValuEngine’s full report, visit ValuEngine’s official website.

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