The stock of Blue Hills Bancorp Inc (NASDAQ:BHBK) hit a new 52-week high and has $19.06 target or 5.00% above today’s $18.15 share price. The 6 months bullish chart indicates low risk for the $486.09M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $19.06 price target is reached, the company will be worth $24.30 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 62,599 shares traded hands. Blue Hills Bancorp Inc (NASDAQ:BHBK) has risen 26.76% since April 25, 2016 and is uptrending. It has outperformed by 20.75% the S&P500.
Analysts await Blue Hills Bancorp Inc (NASDAQ:BHBK) to report earnings on January, 26. They expect $0.09 earnings per share, 0.00% or $0.00 from last year’s $0.09 per share. BHBK’s profit will be $2.41 million for 50.42 P/E if the $0.09 EPS becomes a reality. After $0.07 actual earnings per share reported by Blue Hills Bancorp Inc for the previous quarter, Wall Street now forecasts 28.57% EPS growth.
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 -14.60% below today’s ($18.15) stock price. Blue Hills Bancorp has been the topic of 5 analyst reports since February 4, 2016 according to StockzIntelligence Inc. The company was downgraded on Thursday, November 10 by Piper Jaffray. Keefe Bruyette & Woods maintained it with “Market Perform” rating and $15.50 target price in Friday, July 29 report. The stock has “Neutral” rating given by PiperJaffray on Thursday, November 10. Piper Jaffray initiated the stock with “Overweight” rating in Thursday, April 14 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 decreased to 0.88 in 2016 Q2. Its down 0.71, from 1.59 in 2016Q1. The ratio turned 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.
Menta Ltd Liability Com owns 10,735 shares or 0.02% of their US portfolio. Alpine Woods Cap Investors Limited Co last reported 0.01% of its portfolio in the stock. Strs Ohio holds 0% or 45,800 shares in its portfolio. The New York-based Tiaa Cref Investment Mgmt Limited Liability has invested 0% in Blue Hills Bancorp Inc (NASDAQ:BHBK). Guggenheim Limited Liability Company holds 13,607 shares or 0% of its portfolio. Moreover, Fmr Ltd Liability has 0% invested in Blue Hills Bancorp Inc (NASDAQ:BHBK) for 1.28M shares. First Trust L P reported 27,384 shares or 0% of all its holdings. Moreover, Brandywine Global Inv Mgmt Lc has 0.07% invested in Blue Hills Bancorp Inc (NASDAQ:BHBK) for 716,399 shares. Barclays Pcl holds 0% of its portfolio in Blue Hills Bancorp Inc (NASDAQ:BHBK) for 140 shares. Ejf Capital last reported 1.71% of its portfolio in the stock. Blackrock Grp Incorporated Ltd accumulated 11,890 shares or 0% of the stock. Blackrock Llc reported 11,740 shares or 0% of all its holdings. Polaris Cap Mgmt Ltd Limited Liability Company, a Massachusetts-based fund reported 60,000 shares. Northern Corp holds 0% or 281,473 shares in its portfolio. Jacobus Wealth Mngmt has 0.17% invested in the company for 37,800 shares.
Insider Transactions: Since August 18, 2016, the stock had 0 buys, and 1 insider sale for $7,090 net activity. Smith Scott also sold $7,090 worth of Blue Hills Bancorp Inc (NASDAQ:BHBK) on Thursday, August 18.
More recent Blue Hills Bancorp Inc (NASDAQ:BHBK) news were published by: Nasdaq.com which released: “Blue Hills Bancorp, Inc. (BHBK) Ex-Dividend Date Scheduled for November 28, 2016” on November 25, 2016. Also Barrons.com published the news titled: “Blue Hills Bancorp Inc.” on September 03, 2015. Reuters.com‘s news article titled: “BRIEF-Blue Hills Bancorp, Inc. reports third quarter earnings” with publication date: October 23, 2014 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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