Live Price Coverage: Is Buying 52-Week Stock Like Blue Hills Bancorp Inc a Winning Strategy?

Live Price Coverage: Is Buying 52 Week Stock Like Blue Hills Bancorp Inc a Winning Strategy?

The stock of Blue Hills Bancorp Inc (NASDAQ:BHBK) hit a new 52-week high and has $40.70 target or 138.00% above today’s $17.10 share price. The 6 months bullish chart indicates low risk for the $459.32M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $40.70 price target is reached, the company will be worth $633.86 million 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 50,677 shares traded hands. Blue Hills Bancorp Inc (NASDAQ:BHBK) has risen 23.81% since April 15, 2016 and is uptrending. It has outperformed by 19.19% 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. $16 is the highest target while $15.50 is the lowest. The $15.50 average target is -9.36% below today’s ($17.1) stock price. Blue Hills Bancorp has been the topic of 5 analyst reports since February 4, 2016 according to StockzIntelligence Inc. The firm has “Neutral” rating by Piper Jaffray given on Thursday, November 10. The stock has “Neutral” rating given by PiperJaffray on Thursday, November 10. The firm has “Market Perform” rating by Keefe Bruyette & Woods given on Friday, July 29. The firm has “Overweight” rating given on Thursday, April 14 by Piper Jaffray.

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 Q2 2016. Its up 0.30, from 1.29 in 2016Q1. The ratio increased, 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.
Jacobs Levy Equity accumulated 13,100 shares or 0% of the stock. Ejf Cap Ltd Liability last reported 1.23 million shares in the company. Moreover, Tiaa Cref Limited Com has 0% invested in Blue Hills Bancorp Inc (NASDAQ:BHBK) for 101,611 shares. Nationwide Fund Advisors has 0% invested in the company for 17,525 shares. Geode Management last reported 0% of its portfolio in the stock. Invesco accumulated 0% or 26,276 shares. Prospector Partners holds 0.34% or 136,100 shares in its portfolio. Springbok Cap Ltd Liability reported 4,200 shares or 0.01% of all its holdings. Fsi Gru Ltd has invested 0.32% of its portfolio in Blue Hills Bancorp Inc (NASDAQ:BHBK). Price T Rowe Associates Inc Md has invested 0.01% of its portfolio in Blue Hills Bancorp Inc (NASDAQ:BHBK). Moreover, Swiss Bancshares has 0% invested in Blue Hills Bancorp Inc (NASDAQ:BHBK) for 49,100 shares. Moreover, D E Shaw & has 0% invested in Blue Hills Bancorp Inc (NASDAQ:BHBK) for 37,482 shares. Commonwealth Equity Serv accumulated 20,601 shares or 0% of the stock. Moreover, Legal General Gru Pcl has 0% invested in Blue Hills Bancorp Inc (NASDAQ:BHBK) for 4,531 shares. Beese Fulmer Investment Inc holds 0.13% or 30,389 shares in its portfolio.

Insider Transactions: Since August 18, 2016, the stock had 0 insider buys, and 1 sale for $7,090 net activity. The insider Smith Scott sold $7,090.

Another recent and important Blue Hills Bancorp Inc (NASDAQ:BHBK) news was published by Reuters.com which published an article titled: “BRIEF-Blue Hills Bancorp, Inc. reports third quarter earnings” on October 23, 2014.

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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