BPFH has been the subject of several other reports. ValuEngine upgraded shares of Boston Private Financial from a strong sell rating to a sell rating in a research note on Tuesday, August 20th. TheStreet cut shares of Boston Private Financial from a b- rating to a c+ rating in a research note on Friday, August 23rd. Finally, Zacks Investment Research cut shares of Boston Private Financial from a hold rating to a sell rating in a research note on Wednesday, September 4th.
NASDAQ:BPFH opened at $12.16 on Thursday. The stock has a market cap of $1.01 billion, a P/E ratio of 12.54 and a beta of 1.10. Boston Private Financial has a one year low of $9.77 and a one year high of $14.50. The company has a fifty day moving average price of $10.80 and a 200 day moving average price of $11.21. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.07 and a quick ratio of 1.07.
The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.95%. The ex-dividend date was Thursday, August 8th. Boston Private Financial’s payout ratio is currently 49.48%.
In other Boston Private Financial news, CFO Steven M. Gaven acquired 3,800 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was bought at an average price of $10.53 per share, for a total transaction of $40,014.00. Following the purchase, the chief financial officer now owns 11,412 shares in the company, valued at approximately $120,168.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gloria C. Larson acquired 7,226 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average price of $10.08 per share, with a total value of $72,838.08. Following the purchase, the director now owns 23,075 shares in the company, valued at approximately $232,596. The disclosure for this purchase can be found here. 1.87% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the company. Allianz Asset Management GmbH acquired a new position in shares of Boston Private Financial in the 2nd quarter valued at $142,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Boston Private Financial in the 2nd quarter valued at $150,000. LSV Asset Management acquired a new position in shares of Boston Private Financial in the 1st quarter valued at $139,000. Magnus Financial Group LLC acquired a new position in shares of Boston Private Financial in the 1st quarter valued at $151,000. Finally, Cubist Systematic Strategies LLC raised its stake in shares of Boston Private Financial by 22.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 15,264 shares of the bank’s stock valued at $184,000 after buying an additional 2,797 shares in the last quarter. Institutional investors 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.
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