The stock of Blue Hills Bancorp Inc (NASDAQ:BHBK) hit a new 52-week high and has $32.69 target or 94.00% above today’s $16.85 share price. The 6 months bullish chart indicates low risk for the $447.19 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $32.69 price target is reached, the company will be worth $420.36M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 109,886 shares traded hands or 29.58% up from the average. Blue Hills Bancorp Inc (NASDAQ:BHBK) has risen 21.58% since April 11, 2016 and is uptrending. It has outperformed by 15.44% the S&P500.
Blue Hills Bancorp Inc (NASDAQ:BHBK) Ratings Coverage
Out of 3 analysts covering Blue Hills Bancorp (NASDAQ:BHBK), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Blue Hills Bancorp has been the topic of 5 analyst reports since February 4, 2016 according to StockzIntelligence Inc. PiperJaffray downgraded the stock to “Neutral” rating in Thursday, November 10 report. The company was initiated on Thursday, April 14 by Piper Jaffray. The stock has “Neutral” rating given by Piper Jaffray on Thursday, November 10. Keefe Bruyette & Woods maintained it with “Market Perform” rating and $15.50 target price in Friday, July 29 report.
According to Zacks Investment Research, “Blue Hills Bancorp, Inc. is the holding company for Blue Hills Bank, a full service, community bank. It provides consumer and commercial deposit and loan products. The Bank offers commercial and industrial and commercial real estate loans in addition to commercial checking and savings accounts. It offers consumer banking products including checking accounts, mortgage loans, equity lines of credit and traditional savings and certificate of deposit accounts. The Bank also offers online services including online account opening and funding, online mortgage applications and online banking, mobile banking and bill pay. Blue Hills Bancorp, Inc. is headquartered in Hyde Park, Massachusetts.”
Insitutional Activity: The institutional sentiment increased to 1.59 in 2016 Q2. Its up 0.30, from 1.29 in 2016Q1. The ratio is positive, as 8 funds sold all Blue Hills Bancorp Inc shares owned while 21 reduced positions. 15 funds bought stakes while 31 increased positions. They now own 12.98 million shares or 0.23% more from 12.95 million shares in 2016Q1.
Credit Suisse Ag last reported 20,661 shares in the company. Creative Planning last reported 0% of its portfolio in the stock. Beese Fulmer Invest Management Inc last reported 0.13% of its portfolio in the stock. Ubs Asset Americas reported 20,600 shares or 0% of all its holdings. State Street Corporation has 416,866 shares for 0% of their US portfolio. Ejf Ltd Company holds 1.71% of its portfolio in Blue Hills Bancorp Inc (NASDAQ:BHBK) for 1.23M shares. Metropolitan Life Ins Ny last reported 0% of its portfolio in the stock. Anchor Advsrs Llc holds 0.04% of its portfolio in Blue Hills Bancorp Inc (NASDAQ:BHBK) for 96,474 shares. Two Sigma Limited Liability Co accumulated 13,181 shares or 0.11% of the stock. Citadel Lc last reported 23,980 shares in the company. Northern Tru Corp accumulated 281,473 shares or 0% of the stock. Teachers holds 0% of its portfolio in Blue Hills Bancorp Inc (NASDAQ:BHBK) for 39,839 shares. Aureus Asset Management Lc accumulated 96,281 shares or 1.98% of the stock. Great West Life Assurance Can has 3,533 shares for 0% of their US portfolio. Blackrock Investment Mngmt Ltd last reported 0% of its portfolio in the stock.
Insider Transactions: Since August 18, 2016, the stock had 0 insider buys, and 1 insider sale for $7,090 net activity. $7,090 worth of Blue Hills Bancorp Inc (NASDAQ:BHBK) shares were sold by Smith Scott.
More news for Blue Hills Bancorp Inc (NASDAQ:BHBK) were recently published by: Reuters.com, which released: “BRIEF-Blue Hills Bancorp, Inc. reports third quarter earnings” on October 23, 2014. Nasdaq.com‘s article titled: “Blue Hills Bancorp, Inc. (BHBK) Ex-Dividend Date Scheduled for August 29, 2016” and published on August 26, 2016 is yet another important article.
BHBK Company Profile
Blue Hills Bancorp, Inc. (Blue Hills Bancorp), incorporated on February 27, 2014, is a bank holding firm 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. It also operates loan production offices in Boston, Cambridge and Plymouth Massachusetts. The Company’s primary deposit-taking market includes Norfolk, Suffolk and Nantucket Counties in Massachusetts, and its lending market is primarily based in eastern Massachusetts.
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