According to Zacks, “Boston Private Bancorp, through its subsidiaries offers a full range of banking, commercial and residential lending, and trust and investment management services to its domestic and international clientele with a commitment to exceptional service. In the city of Boston, Boston Private Bank & Trust Company offers a First Time Homebuyer program, and “soft second” mortgage financing. Under its Accessible Banking program, the Bank is an active provider of real estate financing for affordable housing, economic development, and small businesses. “
Separately, BMO Capital Markets reissued a market perform rating and issued a $12.00 target price on shares of Boston Private Financial Holdings in a report on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $14.17.
Shares of Boston Private Financial Holdings (NASDAQ:BPFH) opened at 12.60 on Monday. The company has a 50-day moving average price of $12.61 and a 200 day moving average price of $12.12. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 17.43 and a beta of 1.26. Boston Private Financial Holdings has a one year low of $9.34 and a one year high of $13.02.
Boston Private Financial Holdings (NASDAQ:BPFH) last released its earnings results on Wednesday, July 20th. The company reported $0.18 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Boston Private Financial Holdings had a return on equity of 8.33% and a net margin of 16.53%. During the same period in the prior year, the business earned $0.20 EPS. Equities research analysts expect that Boston Private Financial Holdings will post $0.79 earnings per share for the current year.
In other Boston Private Financial Holdings news, CEO Corey Griffin purchased 5,000 shares of the stock in a transaction dated Thursday, August 4th. The shares were purchased at an average cost of $12.04 per share, with a total value of $60,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 45,468 shares in the company, valued at approximately $547,434.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David J. Kaye sold 7,500 shares of the company’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $12.17, for a total value of $91,275.00. Following the transaction, the chief financial officer now directly owns 137,485 shares in the company, valued at $1,673,192.45. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Macquarie Group Ltd. increased its position in Boston Private Financial Holdings by 2.8% in the second quarter. Macquarie Group Ltd. now owns 2,935,321 shares of the company’s stock worth $34,578,000 after buying an additional 78,958 shares in the last quarter. Mason Street Advisors LLC purchased a new position in Boston Private Financial Holdings during the second quarter worth $191,000. Royal Bank of Canada increased its position in Boston Private Financial Holdings by 32.7% in the second quarter. Royal Bank of Canada now owns 1,056,062 shares of the company’s stock worth $12,440,000 after buying an additional 260,173 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Boston Private Financial Holdings by 4.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 377,606 shares of the company’s stock worth $4,449,000 after buying an additional 16,582 shares in the last quarter. Finally, Arizona State Retirement System increased its position in Boston Private Financial Holdings by 0.9% in the second quarter. Arizona State Retirement System now owns 43,111 shares of the company’s stock worth $508,000 after buying an additional 400 shares in the last quarter. 90.11% of the stock is currently owned by hedge funds and other institutional investors.
Boston Private Financial Holdings Company Profile
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Boston Private Financial Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Private Financial Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.