The Boston Private Financial Holdings Inc. (BPFH) Insider Sold $130,000.00 in Stock

The Boston Private Financial Holdings Inc. (BPFH) Insider Sold $130,000.00 in Stock

Boston Private Financial Holdings Inc. (NASDAQ:BPFH) insider George G. Schwartz sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $13.00, for a total transaction of $130,000.00. Following the completion of the sale, the insider now directly owns 132,035 shares of the company’s stock, valued at $1,716,455. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Boston Private Financial Holdings Inc. (NASDAQ:BPFH) opened at 12.98 on Monday. The stock’s 50 day moving average is $12.84 and its 200 day moving average is $12.37. Boston Private Financial Holdings Inc. has a 12-month low of $9.34 and a 12-month high of $13.44. The firm has a market cap of $1.08 billion, a P/E ratio of 16.71 and a beta of 1.30.

Boston Private Financial Holdings (NASDAQ:BPFH) last issued its quarterly earnings data on Thursday, October 20th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Boston Private Financial Holdings had a return on equity of 9.11% and a net margin of 19.70%. On average, equities research analysts expect that Boston Private Financial Holdings Inc. will post $0.82 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Investors of record on Friday, November 4th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date is Wednesday, November 2nd. Boston Private Financial Holdings’s payout ratio is 50.00%.

BPFH has been the subject of several analyst reports. BMO Capital Markets reissued a “market perform” rating and set a $12.00 price target on shares of Boston Private Financial Holdings in a research report on Wednesday, July 6th. Zacks Investment Research lowered shares of Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, Deutsche Bank AG increased their price target on shares of Boston Private Financial Holdings from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Tuesday, October 11th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.00.

Several hedge funds have recently modified their holdings of BPFH. Endeavour Capital Advisors Inc. increased its position in Boston Private Financial Holdings by 299.3% in the first quarter. Endeavour Capital Advisors Inc. now owns 1,290,573 shares of the company’s stock valued at $14,777,000 after buying an additional 967,398 shares in the last quarter. Ameriprise Financial Inc. increased its position in Boston Private Financial Holdings by 215.4% in the second quarter. Ameriprise Financial Inc. now owns 1,227,299 shares of the company’s stock valued at $14,457,000 after buying an additional 838,135 shares in the last quarter. Aberdeen Asset Management PLC UK increased its position in Boston Private Financial Holdings by 38.6% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,859,872 shares of the company’s stock valued at $21,908,000 after buying an additional 518,386 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Boston Private Financial Holdings by 123.8% in the second quarter. Thrivent Financial for Lutherans now owns 489,050 shares of the company’s stock valued at $5,761,000 after buying an additional 270,520 shares in the last quarter. Finally, 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 valued at $12,440,000 after buying an additional 260,173 shares in the last quarter. 91.06% of the stock is owned by hedge funds and other institutional investors.

Boston Private Financial Holdings Company Profile

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