Today’s Market Runner: Could Blue Hills Bancorp Inc Change Direction After Achieving All-Time High?

Today's Market Runner: Could Blue Hills Bancorp Inc Change Direction After Achieving All Time High?

The stock of Blue Hills Bancorp Inc (NASDAQ:BHBK) reached all time high today, Nov, 10 and still has $25.94 target or 57.00% above today’s $16.52 share price. This indicates more upside for the $460.60M company. This technical setup was reported by Barchart.com. If the $25.94 PT is reached, the company will be worth $262.54M 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. About 31,014 shares traded hands. Blue Hills Bancorp Inc (NASDAQ:BHBK) has risen 22.96% since April 8, 2016 and is uptrending. It has outperformed by 17.31% the S&P500.

Blue Hills Bancorp Inc (NASDAQ:BHBK) Ratings Coverage

Out of 2 analysts covering Blue Hills Bancorp (NASDAQ:BHBK), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Blue Hills Bancorp has been the topic of 3 analyst reports since February 4, 2016 according to StockzIntelligence Inc. The firm has “Overweight” rating by Piper Jaffray given on Thursday, April 14. As per Friday, July 29, the company rating was maintained by Keefe Bruyette & Woods.

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.
Blackrock Group Inc Limited, a United Kingdom-based fund reported 11,890 shares. Legal And General Grp Plc holds 0% or 4,531 shares in its portfolio. Swiss Savings Bank accumulated 49,100 shares or 0% of the stock. Grt Capital Prns Limited Liability Company reported 30,934 shares or 0.11% of all its holdings. Blackrock Institutional Na has invested 0% of its portfolio in Blue Hills Bancorp Inc (NASDAQ:BHBK). New York State Common Retirement Fund, a New York-based fund reported 25,600 shares. Anchor Advisors Ltd Llc last reported 0.04% of its portfolio in the stock. The Switzerland-based Credit Suisse Ag has invested 0% in Blue Hills Bancorp Inc (NASDAQ:BHBK). Blackrock Investment Mngmt Limited Com accumulated 111,853 shares or 0% of the stock. Goldman Sachs Gp accumulated 24,805 shares or 0% of the stock. Price T Rowe Assocs Md holds 2.58M shares or 0.01% of its portfolio. Strs Ohio last reported 0% of its portfolio in the stock. Citadel Lc last reported 23,980 shares in the company. Tiaa Cref Ltd Com owns 101,611 shares or 0% of their US portfolio. Wells Fargo Mn last reported 0% of its portfolio in the stock.

Insider Transactions: Since August 18, 2016, the stock had 0 insider buys, and 1 sale for $7,090 net activity. 500 shares were sold by Smith Scott, worth $7,090.

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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