Piper Jaffray Initiates Coverage on Blue Hills Bancorp Inc to Overweight

Piper Jaffray Initiates Coverage on Blue Hills Bancorp Inc(NASDAQ:BHBK). The shares have been rated Overweight. The rating by Piper Jaffray was issued on Apr 14, 2016.

Blue Hills Bancorp Inc (BHBK) made into the market gainers list on Mondays trading session with the shares advancing 1.17% or 0.16 points. Due to strong positive momentum, the stock ended at $13.85, which is also near the day’s high of $13.87. The stock began the session at $13.71 and the volume stood at 51,222 shares. The 52-week high of the shares is $16.58 and the 52 week low is $13.16. The company has a current market capitalization of $388 M and it has 2,79,90,192 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Sep 3, 2015, Janice L Shields (director) purchased 1,000 shares at $13.84 per share price.Also, On Sep 2, 2015, Thomas R Sommerfield (Chief Risk Officer) sold 1,500 shares at $13.66 per share price.

Blue Hills Bancorp Inc. is a bank holding company of Blue Hills Bank (the Bank). The Company provides financial services to individuals families and small to mid-size businesses online and through its ten service branch offices located in Brookline Dedham Hyde Park Milton Nantucket Norwood and West Roxbury Massachusetts. Its business consists of accepting deposits from the general public and investing those deposits together with funds generated from operations and borrowing in one- to four- family residential mortgage loans commercial real estate loans commercial business loans and investment securities. It offers a range of deposit accounts including passbook and statement savings accounts certificates of deposit money market accounts commercial and regular checking accounts and IRAs. Its primary deposit-taking market includes Norfolk Suffolk and Nantucket Counties in Massachusetts and its primary lending market is based in eastern Massachusetts.

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