Boston Private Financial Holdings Inc. (BPFH) Shares Up 2%
Shares of Boston Private Financial Holdings Inc. (NASDAQ:BPFH) shot up 2% on Friday . The stock traded as high as $12.65 and last traded at $12.58, with a volume of 192,320 shares traded. The stock had previously closed at $12.33.
Several brokerages have recently weighed in on BPFH. Zacks Investment Research lowered Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. BMO Capital Markets reissued a “market perform” rating and set a $12.00 price objective on shares of Boston Private Financial Holdings in a report on Wednesday, July 6th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $14.17.
The company has a market cap of $1.06 billion and a price-to-earnings ratio of 17.52. The company’s 50 day moving average is $12.28 and its 200 day moving average is $11.77.
Boston Private Financial Holdings (NASDAQ:BPFH) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. During the same period last year, the firm earned $0.20 EPS. On average, equities research analysts forecast that Boston Private Financial Holdings Inc. will post $0.79 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Friday, August 5th were paid a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $0.40 annualized dividend and a yield of 3.16%.
In other Boston Private Financial Holdings news, CEO Corey Griffin acquired 5,000 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were purchased at an average price of $12.04 per share, for a total transaction of $60,200.00. Following the completion of the purchase, the chief executive officer now directly owns 45,468 shares of the company’s stock, valued at $547,434.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO David J. Kaye sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $12.17, for a total value of $91,275.00. Following the completion of the sale, the chief financial officer now owns 137,485 shares in the company, valued at approximately $1,673,192.45. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Boston Private Financial Holdings stock. California Public Employees Retirement System raised its stake in shares of Boston Private Financial Holdings Inc. (NASDAQ:BPFH) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,200 shares of the company’s stock after buying an additional 2,900 shares during the period. California Public Employees Retirement System owned approximately 0.29% of Boston Private Financial Holdings worth $2,747,000 as of its most recent SEC filing.
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