Boston Private Financial Hldg Inc (NASDAQ:BPFH) – Equities researchers at Piper Sandler issued their FY2020 EPS estimates for Boston Private Financial in a research note issued on Tuesday, January 14th. Piper Sandler analyst A. Twerdahl anticipates that the bank will earn $1.02 per share for the year.
Other equities research analysts have also issued reports about the stock. BidaskClub upgraded shares of Boston Private Financial from a “hold” rating to a “buy” rating in a research note on Friday, December 13th. ValuEngine lowered shares of Boston Private Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Finally, Zacks Investment Research upgraded shares of Boston Private Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th.
BPFH stock traded up $0.06 during midday trading on Friday, hitting $12.29. The company’s stock had a trading volume of 5,192 shares, compared to its average volume of 411,326. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.02 and a quick ratio of 1.02. Boston Private Financial has a twelve month low of $9.77 and a twelve month high of $12.37. The company’s fifty day moving average price is $11.88 and its 200 day moving average price is $11.49. The stock has a market capitalization of $1.02 billion, a P/E ratio of 12.67 and a beta of 1.14.
Boston Private Financial (NASDAQ:BPFH) last issued its quarterly earnings results on Thursday, October 24th. The bank reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.02. Boston Private Financial had a net margin of 22.40% and a return on equity of 10.15%. The firm had revenue of $81.28 million for the quarter, compared to analyst estimates of $82.40 million. During the same period in the previous year, the business earned $0.25 EPS.
In other news, EVP W. Timothy Macdonald sold 20,546 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $11.25, for a total transaction of $231,142.50. Following the transaction, the executive vice president now directly owns 113,851 shares in the company, valued at approximately $1,280,823.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.87% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Select Equity Group L.P. increased its stake in shares of Boston Private Financial by 71.2% during the 3rd quarter. Select Equity Group L.P. now owns 1,518,550 shares of the bank’s stock worth $17,699,000 after purchasing an additional 631,500 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Boston Private Financial by 25.6% in the third quarter. Russell Investments Group Ltd. now owns 103,173 shares of the bank’s stock worth $1,214,000 after acquiring an additional 21,020 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its holdings in Boston Private Financial by 18.2% in the third quarter. Metropolitan Life Insurance Co NY now owns 27,501 shares of the bank’s stock worth $321,000 after purchasing an additional 4,228 shares in the last quarter. Northern Trust Corp boosted its holdings in Boston Private Financial by 1.3% during the second quarter. Northern Trust Corp now owns 1,660,378 shares of the bank’s stock valued at $20,041,000 after acquiring an additional 20,942 shares during the period. Finally, Millennium Management LLC grew its stake in Boston Private Financial by 3,367.2% in the third quarter. Millennium Management LLC now owns 796,240 shares of the bank’s stock valued at $9,280,000 after purchasing an additional 773,275 shares during the last quarter. Institutional investors own 93.03% of the company’s stock.
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. It operates in three segments: Private Banking, Wealth Management and Trust, and Affiliate Partners. The company accepts deposit products, such as checking accounts, savings and NOW accounts, money market accounts, and certificates of deposit.
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