Boston Private Financial Hldg Inc (NASDAQ:BPFH) Director Stephen M. Waters sold 3,000 shares of the stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $12.61, for a total transaction of $37,830.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Boston Private Financial stock opened at $11.76 on Friday. Boston Private Financial Hldg Inc has a 12-month low of $11.68 and a 12-month high of $17.85. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The stock has a market cap of $1.00 billion, a P/E ratio of 12.80 and a beta of 0.80.
Boston Private Financial (NASDAQ:BPFH) last issued its quarterly earnings data on Wednesday, October 17th. The bank reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Boston Private Financial had a net margin of 6.76% and a return on equity of 11.27%. The firm had revenue of $91.96 million for the quarter, compared to analyst estimates of $92.03 million. During the same quarter in the prior year, the firm earned $0.22 EPS. As a group, equities research analysts forecast that Boston Private Financial Hldg Inc will post 0.93 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 16th. Shareholders of record on Friday, November 2nd were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date was Thursday, November 1st. Boston Private Financial’s dividend payout ratio is currently 54.55%.
A number of equities research analysts recently issued reports on BPFH shares. BidaskClub upgraded shares of Boston Private Financial from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 22nd. Zacks Investment Research upgraded shares of Boston Private Financial from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. Finally, ValuEngine cut shares of Boston Private Financial from a “hold” rating to a “sell” rating in a research report on Thursday, September 13th. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.75.
A number of large investors have recently modified their holdings of BPFH. Bank of Montreal Can bought a new stake in Boston Private Financial during the 2nd quarter worth about $170,000. Alpine Woods Capital Investors LLC acquired a new stake in Boston Private Financial during the 3rd quarter worth approximately $232,000. SG Americas Securities LLC acquired a new stake in Boston Private Financial during the 2nd quarter worth approximately $255,000. UBS Group AG raised its holdings in Boston Private Financial by 63.6% during the 1st quarter. UBS Group AG now owns 17,982 shares of the bank’s stock worth $271,000 after buying an additional 6,989 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in Boston Private Financial by 17,205.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 17,305 shares of the bank’s stock worth $275,000 after buying an additional 17,205 shares during the period. 94.17% of the stock is currently owned by hedge funds and other institutional investors.
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Boston Private Financial Company Profile
Boston Private Financial Holdings, Inc operates as the bank holding company for Boston Private Bank & Trust Company that provides a range of banking services in the United States. The company operates through four segments: Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory.
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