Boston Private Financial Hldg Inc (NASDAQ:BPFH) – Stock analysts at Piper Sandler upped their Q4 2020 earnings estimates for shares of Boston Private Financial in a research report issued to clients and investors on Monday, June 29th. Piper Sandler analyst A. Twerdahl now anticipates that the bank will earn $0.19 per share for the quarter, up from their previous estimate of $0.18.
A number of other analysts have also recently commented on BPFH. Keefe, Bruyette & Woods cut Boston Private Financial from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $10.00 to $9.00 in a research report on Thursday, April 30th. Wedbush started coverage on Boston Private Financial in a research report on Monday, April 6th. They issued a “neutral” rating and a $8.50 price target for the company. SunTrust Banks upped their price target on Boston Private Financial from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Zacks Investment Research cut Boston Private Financial from a “hold” rating to a “sell” rating in a research report on Thursday, June 11th. Finally, ValuEngine cut Boston Private Financial from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. Boston Private Financial presently has a consensus rating of “Hold” and an average target price of $8.83.
Boston Private Financial stock opened at $6.67 on Wednesday. The stock has a market cap of $546.02 million, a PE ratio of 9.14 and a beta of 1.09. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.01 and a current ratio of 1.01. Boston Private Financial has a one year low of $5.18 and a one year high of $13.08. The stock has a fifty day moving average of $6.81 and a 200 day moving average of $9.03.
Boston Private Financial (NASDAQ:BPFH) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.16). The firm had revenue of $78.78 million for the quarter, compared to analysts’ expectations of $80.16 million. Boston Private Financial had a net margin of 15.45% and a return on equity of 7.55%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Boston Private Financial during the fourth quarter valued at approximately $12,284,000. Investment Counselors of Maryland LLC boosted its stake in Boston Private Financial by 54.3% during the first quarter. Investment Counselors of Maryland LLC now owns 1,495,881 shares of the bank’s stock valued at $10,696,000 after buying an additional 526,335 shares during the last quarter. Kestrel Investment Management Corp bought a new position in Boston Private Financial during the first quarter valued at approximately $3,725,000. AJO LP bought a new position in Boston Private Financial during the first quarter valued at approximately $1,556,000. Finally, State Street Corp boosted its stake in Boston Private Financial by 6.3% during the first quarter. State Street Corp now owns 3,221,767 shares of the bank’s stock valued at $23,036,000 after buying an additional 189,639 shares during the last quarter. 92.24% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP W. Timothy Macdonald sold 6,635 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $7.22, for a total value of $47,904.70. Following the completion of the transaction, the executive vice president now owns 94,705 shares of the company’s stock, valued at $683,770.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Anthony Dechellis acquired 14,586 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was acquired at an average cost of $6.83 per share, with a total value of $99,622.38. Following the purchase, the chief executive officer now owns 208,897 shares of the company’s stock, valued at $1,426,766.51. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 26,136 shares of company stock valued at $179,042 and sold 12,381 shares valued at $86,072. Corporate insiders own 0.82% of the company’s stock.
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. It operates in three segments: Private Banking, Wealth Management and Trust, and Affiliate Partners. The company accepts deposit products, such as checking accounts, savings and NOW accounts, money market accounts, and certificates of deposit.
Further Reading: What’s a Black Swan?
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.