Several other brokerages have also issued reports on BPFH. ValuEngine upgraded shares of Boston Private Financial from a strong sell rating to a sell rating in a research note on Tuesday, August 20th. Zacks Investment Research lowered shares of Boston Private Financial from a hold rating to a sell rating in a research note on Wednesday, September 4th. Finally, TheStreet lowered shares of Boston Private Financial from a b- rating to a c+ rating in a research note on Friday, August 23rd.
Shares of NASDAQ:BPFH traded up $0.09 on Thursday, hitting $12.16. The company had a trading volume of 477,167 shares, compared to its average volume of 434,654. The firm’s 50-day simple moving average is $10.79 and its two-hundred day simple moving average is $11.21. Boston Private Financial has a 1 year low of $9.77 and a 1 year high of $14.50. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $970.75 million, a price-to-earnings ratio of 12.54 and a beta of 1.10.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $0.12 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.48 annualized dividend and a dividend yield of 3.95%. Boston Private Financial’s payout ratio is 49.48%.
In other Boston Private Financial news, Director Gloria C. Larson purchased 7,226 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was bought at an average cost of $10.08 per share, for a total transaction of $72,838.08. Following the purchase, the director now directly owns 23,075 shares in the company, valued at $232,596. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Steven M. Gaven purchased 3,800 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was acquired at an average price of $10.53 per share, with a total value of $40,014.00. Following the completion of the purchase, the chief financial officer now owns 11,412 shares in the company, valued at $120,168.36. The disclosure for this purchase can be found here. 1.87% of the stock is owned by company insiders.
Large investors have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH bought a new stake in Boston Private Financial during the 2nd quarter valued at about $142,000. Quantitative Systematic Strategies LLC bought a new stake in Boston Private Financial during the 2nd quarter valued at about $150,000. LSV Asset Management bought a new stake in Boston Private Financial during the 1st quarter valued at about $139,000. Magnus Financial Group LLC bought a new stake in Boston Private Financial during the 1st quarter valued at about $151,000. Finally, Cubist Systematic Strategies LLC increased its stake in Boston Private Financial by 22.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 15,264 shares of the bank’s stock valued at $184,000 after purchasing an additional 2,797 shares in the last quarter. Institutional investors and hedge funds own 91.74% of the company’s stock.
About Boston Private Financial
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.
Recommended Story: How interest rates affect municipal bond prices
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.