Boston Private Financial Holdings Inc. (BPFH) Hits New 12-Month High at $13.00
Boston Private Financial Holdings Inc. (NASDAQ:BPFH) shares hit a new 52-week high during trading on Monday . The stock traded as high as $13.00 and last traded at $12.99, with a volume of 451,100 shares. The stock had previously closed at $12.75.
BPFH has been the subject of several research reports. Zacks Investment Research upgraded Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Monday, June 13th. BMO Capital Markets reiterated a “market perform” rating and issued a $12.00 target price on shares of Boston Private Financial Holdings in a research report on Wednesday, July 6th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $14.17.
The stock has a 50 day moving average of $12.38 and a 200 day moving average of $11.86. The company has a market cap of $1.08 billion and a price-to-earnings ratio of 17.97.
Boston Private Financial Holdings (NASDAQ:BPFH) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. During the same period last year, the firm posted $0.20 earnings per share. On average, analysts forecast that Boston Private Financial Holdings Inc. will post $0.79 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 19th. Shareholders of record on Friday, August 5th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, August 3rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.08%.
In related news, CEO Clayton Deutsch sold 30,000 shares of the business’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $12.84, for a total transaction of $385,200.00. Following the completion of the transaction, the chief executive officer now owns 801,121 shares of the company’s stock, valued at approximately $10,286,393.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David J. Kaye sold 7,500 shares of the business’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $12.17, for a total value of $91,275.00. Following the transaction, the chief financial officer now directly owns 137,485 shares of the company’s stock, valued at approximately $1,673,192.45. The disclosure for this sale can be found here.