Boston Private Financial Holdings Inc. (BPFH) Sees Unusually-High Trading Volume
Boston Private Financial Holdings Inc. (NASDAQ:BPFH) saw strong trading volume on Thursday . 644,864 shares changed hands during trading, an increase of 81% from the previous session’s volume of 357,087 shares.The stock last traded at $12.33 and had previously closed at $12.46.
Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. BMO Capital Markets restated a “market perform” rating and set 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 given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $14.17.
The stock has a 50-day moving average of $12.28 and a 200-day moving average of $11.77. The stock has a market capitalization of $1.06 billion and a price-to-earnings ratio of 17.52.
Boston Private Financial Holdings (NASDAQ:BPFH) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. During the same period last year, the business earned $0.20 EPS. On average, analysts forecast that Boston Private Financial Holdings Inc. will post $0.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Friday, August 5th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Wednesday, August 3rd.
In related news, CEO Corey Griffin bought 5,000 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were purchased at an average cost of $12.04 per share, with a total value of $60,200.00. Following the completion of the transaction, the chief executive officer now directly owns 45,468 shares of the company’s stock, valued at $547,434.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO David J. Kaye sold 7,500 shares of the stock in a transaction on Thursday, July 28th. The stock was 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 directly 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. California Public Employees Retirement System increased its stake in Boston Private Financial Holdings Inc. (NASDAQ:BPFH) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 0.29% of Boston Private Financial Holdings worth $2,747,000 at the end of the most recent reporting period.
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