Shares of Boston Private Financial Hldg Inc (NASDAQ:BPFH) have received an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $16.40.
Several research firms have commented on BPFH. BidaskClub upgraded Boston Private Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $16.00 price objective on shares of Boston Private Financial in a research note on Friday, January 19th. Zacks Investment Research lowered Boston Private Financial from a “hold” rating to a “sell” rating in a research note on Monday, January 8th. Sandler O’Neill set a $17.00 price objective on Boston Private Financial and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. Finally, SunTrust Banks set a $17.00 price objective on Boston Private Financial and gave the stock a “hold” rating in a research note on Friday, November 17th.
In related news, EVP W. Timothy Macdonald purchased 3,129 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was acquired at an average cost of $15.44 per share, for a total transaction of $48,311.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark F. Furlong purchased 5,700 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was bought at an average price of $15.24 per share, with a total value of $86,868.00. Following the completion of the transaction, the director now directly owns 12,175 shares of the company’s stock, valued at $185,547. The disclosure for this purchase can be found here. Insiders bought 26,312 shares of company stock valued at $402,369 over the last 90 days. Company insiders own 2.07% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Nationwide Fund Advisors grew its position in shares of Boston Private Financial by 0.6% in the second quarter. Nationwide Fund Advisors now owns 70,809 shares of the bank’s stock valued at $1,087,000 after purchasing an additional 397 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Boston Private Financial by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 64,077 shares of the bank’s stock valued at $984,000 after acquiring an additional 1,547 shares during the last quarter. Aperio Group LLC lifted its holdings in Boston Private Financial by 5.9% in the fourth quarter. Aperio Group LLC now owns 58,344 shares of the bank’s stock valued at $901,000 after acquiring an additional 3,253 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Boston Private Financial by 9.7% in the second quarter. Voya Investment Management LLC now owns 38,150 shares of the bank’s stock valued at $586,000 after acquiring an additional 3,387 shares during the last quarter. Finally, American International Group Inc. lifted its holdings in Boston Private Financial by 5.7% in the third quarter. American International Group Inc. now owns 66,125 shares of the bank’s stock valued at $1,094,000 after acquiring an additional 3,579 shares during the last quarter. Institutional investors and hedge funds own 91.08% of the company’s stock.
Shares of Boston Private Financial (NASDAQ BPFH) opened at $14.95 on Wednesday. Boston Private Financial has a 52 week low of $13.95 and a 52 week high of $17.88. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $1,260.00, a P/E ratio of 41.53 and a beta of 1.02.
Boston Private Financial (NASDAQ:BPFH) last posted its quarterly earnings data on Wednesday, January 17th. The bank reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). Boston Private Financial had a return on equity of 9.95% and a net margin of 9.58%. The firm had revenue of $96.45 million for the quarter, compared to analysts’ expectations of $100.07 million. During the same quarter last year, the firm posted $0.24 earnings per share. equities analysts anticipate that Boston Private Financial will post 1.02 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were given a $0.12 dividend. The ex-dividend date was Thursday, February 1st. This is a positive change from Boston Private Financial’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.21%. Boston Private Financial’s dividend payout ratio is 133.33%.
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Boston Private Financial Company Profile
Boston Private Financial Holdings, Inc is the bank holding company of Boston Private Bank & Trust Company. The Company offers private banking and wealth management services to high net worth individuals, families, businesses and select institutions. Its segments include Private Banking, Wealth Management and Trust, Investment Management and Wealth Advisory.
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