Schwab Charles Investment Management Inc. maintained its position in shares of Blue Hills Bancorp, Inc. (NASDAQ:BHBK) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,900 shares of the bank’s stock at the end of the 2nd quarter. Schwab Charles Investment Management Inc. owned approximately 0.18% of Blue Hills Bancorp worth $786,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in BHBK. Bank of New York Mellon Corp raised its position in shares of Blue Hills Bancorp by 6.9% during the first quarter. Bank of New York Mellon Corp now owns 145,728 shares of the bank’s stock valued at $2,601,000 after buying an additional 9,435 shares during the last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of Blue Hills Bancorp during the first quarter valued at approximately $195,000. American International Group Inc. raised its position in shares of Blue Hills Bancorp by 6.8% during the first quarter. American International Group Inc. now owns 15,135 shares of the bank’s stock valued at $270,000 after buying an additional 960 shares during the last quarter. FMR LLC raised its position in shares of Blue Hills Bancorp by 8.2% during the first quarter. FMR LLC now owns 2,281,813 shares of the bank’s stock valued at $40,731,000 after buying an additional 173,644 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Blue Hills Bancorp by 28.5% during the first quarter. Teachers Advisors LLC now owns 51,192 shares of the bank’s stock valued at $914,000 after buying an additional 11,353 shares during the last quarter. Hedge funds and other institutional investors own 50.37% of the company’s stock.
Blue Hills Bancorp (NASDAQ:BHBK) last announced its earnings results on Wednesday, October 25th. The bank reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Blue Hills Bancorp had a return on equity of 3.51% and a net margin of 19.33%. The firm had revenue of $19.78 million for the quarter.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 4th. Stockholders of record on Wednesday, September 20th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, September 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.76%. Blue Hills Bancorp’s dividend payout ratio (DPR) is 75.00%.
In other Blue Hills Bancorp news, CFO Jim Kivlehan bought 12,178 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were purchased at an average price of $21.78 per share, for a total transaction of $265,236.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 3.70% of the company’s stock.
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Several equities research analysts have recently issued reports on BHBK shares. BidaskClub upgraded shares of Blue Hills Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. 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. Finally, 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.
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.
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