Insider Selling: Boston Private Financial Hldg Director Sells 4,744 Shares of Stock (BPFH)
Boston Private Financial Hldg (NASDAQ:BPFH) Director Lynn Thompson Hoffman sold 4,744 shares of the company’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $12.30, for a total value of $58,351.20. Following the transaction, the director now directly owns 96,004 shares of the company’s stock, valued at approximately $1,180,849. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Boston Private Financial Hldg from $12.50 to $13.50 in a research note on Thursday, July 17th. Analysts at Macquarie reiterated a “neutral” rating on shares of Boston Private Financial Hldg in a research note on Thursday, July 17th. They now have a $13.50 price target on the stock, up previously from $13.00. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $13.07.
Shares of Boston Private Financial Hldg (NASDAQ:BPFH) traded down 0.16% during mid-day trading on Friday, hitting $12.13. 543,883 shares of the company’s stock traded hands. Boston Private Financial Hldg has a 52 week low of $10.07 and a 52 week high of $14.64. The stock has a 50-day moving average of $12.95 and a 200-day moving average of $12.85. The company has a market cap of $975.2 million and a price-to-earnings ratio of 13.84.
Boston Private Financial Hldg (NASDAQ:BPFH) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.04. During the same quarter in the previous year, the company posted $0.18 earnings per share. On average, analysts predict that Boston Private Financial Hldg will post $0.87 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 22nd. Shareholders of record on Friday, August 8th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Wednesday, August 6th.
Boston Private Financial Holdings, Inc (NASDAQ:BPFH) is the bank holding company for Boston Private Bank & Trust Company (the Bank).
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