Boston Private Financial Hldg Inc (NASDAQ:BPFH) Director Stephen M. Waters sold 3,000 shares of the firm’s 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Boston Private Financial stock traded down $0.05 during trading hours on Thursday, reaching $11.90. The company’s stock had a trading volume of 734,600 shares, compared to its average volume of 449,261. Boston Private Financial Hldg Inc has a one year low of $11.68 and a one year 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 company has a market cap of $1.01 billion, a PE ratio of 13.42 and a beta of 0.80.
Boston Private Financial (NASDAQ:BPFH) last issued its quarterly earnings results on Wednesday, October 17th. The bank reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $91.96 million for the quarter, compared to the consensus estimate of $92.03 million. Boston Private Financial had a net margin of 6.76% and a return on equity of 11.27%. During the same period in the prior year, the firm posted $0.22 EPS. As a group, sell-side analysts expect that Boston Private Financial Hldg Inc will post 0.93 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Friday, November 2nd were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, November 1st. This represents a $0.48 annualized dividend and a yield of 4.03%. Boston Private Financial’s payout ratio is 54.55%.
Several brokerages have commented on BPFH. Zacks Investment Research lowered shares of Boston Private Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. BidaskClub raised shares of Boston Private Financial from a “strong sell” rating to a “sell” rating in a research report on Monday, October 8th. ValuEngine downgraded shares of Boston Private Financial from a “hold” rating to a “sell” rating in a research report on Thursday, September 13th. Finally, TheStreet cut shares of Boston Private Financial from a “b-” rating to a “c+” rating in a report on Thursday, August 9th. Two 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 an average target price of $15.75.
Large investors have recently modified their holdings of the stock. Bank of Montreal Can bought a new position in Boston Private Financial during the 2nd quarter valued at about $170,000. Alpine Woods Capital Investors LLC bought a new position in Boston Private Financial during the 3rd quarter valued at about $232,000. SG Americas Securities LLC bought a new position in Boston Private Financial during the 2nd quarter valued at about $255,000. UBS Group AG grew 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 valued at $271,000 after purchasing an additional 6,989 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew 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 valued at $275,000 after purchasing an additional 17,205 shares during the last quarter. Institutional investors own 94.17% of the company’s stock.
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About Boston Private Financial
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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