Price Don’t Lie: Could Blue Hills Bancorp Inc Change Direction After Making Record High?

Price Don't Lie: Could Blue Hills Bancorp Inc Change Direction After Making Record High?

The stock of Blue Hills Bancorp Inc (NASDAQ:BHBK) reached all time high today, Nov, 21 and still has $48.32 target or 173.00% above today’s $17.70 share price. This indicates more upside for the $487.98 million company. This technical setup was reported by Barchart.com. If the $48.32 PT is reached, the company will be worth $844.21M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.14% or $0.2 during the last trading session, hitting $17.7. About 61,489 shares traded hands. Blue Hills Bancorp Inc (NASDAQ:BHBK) has risen 25.09% since April 19, 2016 and is uptrending. It has outperformed by 21.23% 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. The firm has “Market Perform” rating given on Friday, July 29 by Keefe Bruyette & Woods. The firm earned “Neutral” rating on Thursday, November 10 by Piper Jaffray. The stock of Blue Hills Bancorp Inc (NASDAQ:BHBK) has “Neutral” rating given on Thursday, November 10 by PiperJaffray. The company was initiated 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 decreased to 0.88 in Q2 2016. Its down 0.71, from 1.59 in 2016Q1. The ratio is negative, 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.
California State Teachers Retirement System holds 0% or 51,694 shares in its portfolio. The Texas-based Teacher Retirement Of Texas has invested 0% in Blue Hills Bancorp Inc (NASDAQ:BHBK). Moab Cap Limited Liability has 0.12% invested in the company for 25,025 shares. Manufacturers Life Insurance The owns 19,985 shares or 0% of their US portfolio. Arbiter Capital Mngmt Limited Liability accumulated 99,600 shares or 0.19% of the stock. The Massachusetts-based Boston Advisors Ltd Llc has invested 0.01% in Blue Hills Bancorp Inc (NASDAQ:BHBK). Ejf Capital Ltd Liability holds 1.23 million shares or 1.71% of its portfolio. The Ohio-based Beese Fulmer Inv Mgmt has invested 0.13% in Blue Hills Bancorp Inc (NASDAQ:BHBK). Keeley Asset Corp has invested 0.01% of its portfolio in Blue Hills Bancorp Inc (NASDAQ:BHBK). Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. Wells Fargo & Company Mn reported 8,910 shares or 0% of all its holdings. D E Shaw And has 0% invested in the company for 37,482 shares. First Limited Partnership accumulated 27,384 shares or 0% of the stock. The Illinois-based Driehaus Mgmt Limited has invested 0.03% in Blue Hills Bancorp Inc (NASDAQ:BHBK). Teachers Advsrs Incorporated accumulated 0% or 39,839 shares.

Insider Transactions: Since August 18, 2016, the stock had 0 insider purchases, and 1 insider sale for $7,090 net activity. 500 shares with value of $7,090 were sold by Smith Scott on Thursday, August 18.

More recent Blue Hills Bancorp Inc (NASDAQ:BHBK) news were published by: Barrons.com which released: “Blue Hills Bancorp Inc.” on September 03, 2015. Also Reuters.com published the news titled: “BRIEF-Blue Hills Bancorp, Inc. reports third quarter earnings” on October 23, 2014. Globenewswire.com‘s news article titled: “Blue Hills Bancorp, Inc. Announces Cash Dividend Declared” with publication date: November 18, 2016 was also an interesting one.

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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