Insider Buying: Boston Private Financial Hldg Inc (BPFH) EVP Purchases 1,000 Shares of Stock

Boston Private Financial Hldg Inc (NASDAQ:BPFH) EVP Joy Enos bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was purchased at an average price of $14.00 per share, for a total transaction of $14,000.00. Following the transaction, the executive vice president now owns 1,000 shares of the company’s stock, valued at $14,000. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Boston Private Financial stock traded up $0.15 during trading on Thursday, reaching $13.95. 469,800 shares of the company were exchanged, compared to its average volume of 405,813. Boston Private Financial Hldg Inc has a 52-week low of $13.77 and a 52-week high of $17.85. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 15.82 and a beta of 0.96. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.06 and a current ratio of 1.06.

Boston Private Financial (NASDAQ:BPFH) last announced its quarterly earnings data on Wednesday, July 18th. The bank reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.02). Boston Private Financial had a return on equity of 10.48% and a net margin of 6.97%. The company had revenue of $89.64 million for the quarter, compared to analysts’ expectations of $92.53 million. During the same quarter in the previous year, the business posted $0.27 EPS. analysts predict that Boston Private Financial Hldg Inc will post 0.94 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 17th. Investors of record on Friday, August 3rd will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, August 2nd. This represents a $0.48 dividend on an annualized basis and a yield of 3.44%. Boston Private Financial’s payout ratio is 54.55%.

A number of institutional investors have recently made changes to their positions in BPFH. FMR LLC lifted its position in Boston Private Financial by 9.6% during the second quarter. FMR LLC now owns 7,513,673 shares of the bank’s stock worth $119,467,000 after buying an additional 656,820 shares in the last quarter. BlackRock Inc. lifted its position in Boston Private Financial by 5.1% during the first quarter. BlackRock Inc. now owns 11,739,374 shares of the bank’s stock worth $176,678,000 after buying an additional 567,407 shares in the last quarter. Citadel Advisors LLC lifted its position in Boston Private Financial by 334.8% during the first quarter. Citadel Advisors LLC now owns 505,531 shares of the bank’s stock worth $7,609,000 after buying an additional 389,254 shares in the last quarter. American Century Companies Inc. lifted its position in Boston Private Financial by 22.2% during the first quarter. American Century Companies Inc. now owns 1,589,541 shares of the bank’s stock worth $23,923,000 after buying an additional 288,442 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in Boston Private Financial by 49.7% during the first quarter. Prudential Financial Inc. now owns 306,269 shares of the bank’s stock worth $4,609,000 after buying an additional 101,720 shares in the last quarter. Hedge funds and other institutional investors own 92.90% of the company’s stock.

Several equities analysts have recently weighed in on BPFH shares. BMO Capital Markets decreased their target price on Boston Private Financial from $17.00 to $15.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 24th. BidaskClub downgraded Boston Private Financial from a “buy” rating to a “hold” rating in a research report on Saturday, June 30th. ValuEngine downgraded Boston Private Financial from a “buy” rating to a “hold” rating in a research report on Monday, June 11th. Finally, Zacks Investment Research downgraded Boston Private Financial from a “buy” rating to a “hold” rating in a research report on Monday, April 23rd. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Boston Private Financial has an average rating of “Hold” and an average target price of $16.80.

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. The company operates through four segments: Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory.

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Insider Buying and Selling by Quarter for Boston Private Financial (NASDAQ:BPFH)

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