Boston Private Financial Hldg Inc (BPFH) EVP W. Timothy Macdonald Buys 12,483 Shares

Boston Private Financial Hldg Inc (NASDAQ:BPFH) EVP W. Timothy Macdonald purchased 12,483 shares of the business’s stock in a transaction on Thursday, January 25th. The stock was purchased at an average price of $15.32 per share, with a total value of $191,239.56. Following the purchase, the executive vice president now owns 71,052 shares of the company’s stock, valued at $1,088,516.64. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

W. Timothy Macdonald also recently made the following trade(s):

  • On Monday, January 22nd, W. Timothy Macdonald purchased 3,129 shares of Boston Private Financial stock. The stock was purchased at an average price of $15.44 per share, with a total value of $48,311.76.

Shares of Boston Private Financial Hldg Inc (NASDAQ:BPFH) traded up $0.05 on Monday, hitting $15.25. 256,188 shares of the stock traded hands, compared to its average volume of 412,131. The company has a market capitalization of $1,279.97, a price-to-earnings ratio of 35.40 and a beta of 1.06. Boston Private Financial Hldg Inc has a 52 week low of $13.95 and a 52 week high of $17.88. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.00 and a quick ratio of 1.00.

Boston Private Financial (NASDAQ:BPFH) last issued its quarterly earnings data on Wednesday, January 17th. The bank reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). The company had revenue of $96.45 million during the quarter, compared to the consensus estimate of $100.07 million. Boston Private Financial had a net margin of 9.58% and a return on equity of 9.95%. During the same period in the previous year, the company earned $0.24 earnings per share. sell-side analysts expect that Boston Private Financial Hldg Inc will post 1.02 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Friday, February 2nd will be given a $0.12 dividend. The ex-dividend date is Thursday, February 1st. This is a positive change from Boston Private Financial’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 3.15%. Boston Private Financial’s dividend payout ratio is presently 102.33%.

A number of large investors have recently added to or reduced their stakes in BPFH. Wells Fargo & Company MN increased its position in Boston Private Financial by 8.5% during the second quarter. Wells Fargo & Company MN now owns 90,884 shares of the bank’s stock worth $1,395,000 after acquiring an additional 7,153 shares during the period. Teachers Advisors LLC increased its position in Boston Private Financial by 0.9% during the second quarter. Teachers Advisors LLC now owns 148,221 shares of the bank’s stock worth $2,275,000 after acquiring an additional 1,317 shares during the period. Nationwide Fund Advisors increased its position in Boston Private Financial by 0.6% during the second quarter. Nationwide Fund Advisors now owns 70,809 shares of the bank’s stock worth $1,087,000 after acquiring an additional 397 shares during the period. Amalgamated Bank increased its position in Boston Private Financial by 2.6% during the second quarter. Amalgamated Bank now owns 11,386 shares of the bank’s stock worth $175,000 after acquiring an additional 290 shares during the period. Finally, New York State Common Retirement Fund increased its position in Boston Private Financial by 4.4% during the second quarter. New York State Common Retirement Fund now owns 157,976 shares of the bank’s stock worth $2,425,000 after acquiring an additional 6,699 shares during the period. 91.39% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the stock. BidaskClub lowered shares of Boston Private Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $16.00 price objective on shares of Boston Private Financial in a research report on Friday, January 19th. Zacks Investment Research lowered shares of Boston Private Financial from a “hold” rating to a “sell” rating in a research report on Monday, January 8th. Sandler O’Neill set a $17.00 price objective on shares of Boston Private Financial and gave the company a “hold” rating in a research report on Wednesday, January 3rd. Finally, SunTrust Banks set a $17.00 price objective on shares of Boston Private Financial and gave the company a “hold” rating in a research report on Friday, November 17th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Boston Private Financial has a consensus rating of “Hold” and an average target price of $16.50.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/29/boston-private-financial-hldg-inc-bpfh-evp-w-timothy-macdonald-buys-12483-shares.html.

About Boston Private Financial

Boston Private Financial Holdings, Inc is the bank holding company of Boston Private Bank & Trust Company. The Company offers private banking and wealth management services to high net worth individuals, families, businesses and select institutions. Its segments include Private Banking, Wealth Management and Trust, Investment Management and Wealth Advisory.

Receive News & Ratings for Boston Private Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Private Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply