Boston Private Financial Holdings Inc. (BPFH) Trading Up 2%
Boston Private Financial Holdings Inc. (NASDAQ:BPFH) shares were up 2% during trading on Friday . The stock traded as high as $12.65 and last traded at $12.58, with a volume of 192,320 shares trading hands. The stock had previously closed at $12.33.
Several research analysts recently commented on BPFH shares. Zacks Investment Research raised Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Monday, June 13th. BMO Capital Markets reissued a “market perform” rating and issued a $12.00 price objective on shares of Boston Private Financial Holdings in a research note 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 has a consensus rating of “Hold” and an average target price of $14.17.
The company has a market capitalization of $1.06 billion and a price-to-earnings ratio of 17.52. The stock has a 50 day moving average price of $12.25 and a 200 day moving average price of $11.75.
Boston Private Financial Holdings (NASDAQ:BPFH) last released its earnings results on Wednesday, July 20th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.18. During the same period last year, the business posted $0.20 earnings per share. On average, analysts anticipate that Boston Private Financial Holdings Inc. will post $0.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 19th. Investors 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 dividend on an annualized basis and a dividend yield of 3.16%.
In other Boston Private Financial Holdings news, CEO Corey Griffin purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 4th. The shares were purchased at an average cost 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 in the company, valued at $547,434.72. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David J. Kaye sold 7,500 shares of Boston Private Financial Holdings 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 $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. Dimensional Fund Advisors LP raised its position in shares of Boston Private Financial Holdings Inc. (NASDAQ:BPFH) by 9.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,569,725 shares of the company’s stock after buying an additional 412,080 shares during the period. Dimensional Fund Advisors LP owned about 5.48% of Boston Private Financial Holdings worth $51,821,000 at the end of the most recent reporting period.
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