Paul M. Simons Purchases 10,560 Shares of Boston Private Financial Hldg Inc (BPFH) Stock

Boston Private Financial Hldg Inc (NASDAQ:BPFH) EVP Paul M. Simons bought 10,560 shares of the company’s stock in a transaction dated Wednesday, December 12th. The stock was bought at an average cost of $11.35 per share, with a total value of $119,856.00. Following the transaction, the executive vice president now directly owns 300 shares in the company, valued at approximately $3,405. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of BPFH traded down $0.20 during midday trading on Thursday, hitting $11.03. The company had a trading volume of 681,814 shares, compared to its average volume of 454,616. The company has a market capitalization of $935.74 million, a P/E ratio of 12.53 and a beta of 0.80. Boston Private Financial Hldg Inc has a 52 week low of $10.99 and a 52 week high of $17.85. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98.

Boston Private Financial (NASDAQ:BPFH) last released its earnings results on Wednesday, October 17th. The bank reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The company had revenue of $91.96 million during the quarter, compared to the consensus estimate of $92.03 million. Boston Private Financial had a net margin of 6.76% and a return on equity of 11.27%. During the same quarter in the previous year, the firm earned $0.22 EPS. As a group, sell-side analysts expect that Boston Private Financial Hldg Inc will post 0.93 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 16th. Stockholders of record on Friday, November 2nd were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.35%. The ex-dividend date was Thursday, November 1st. Boston Private Financial’s dividend payout ratio (DPR) is presently 54.55%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Boston Private Financial by 14.2% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 29,365 shares of the bank’s stock valued at $467,000 after buying an additional 3,653 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in shares of Boston Private Financial by 21.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 22,693 shares of the bank’s stock valued at $310,000 after buying an additional 3,955 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Boston Private Financial by 2.8% in the 3rd quarter. Teachers Advisors LLC now owns 158,713 shares of the bank’s stock valued at $2,166,000 after buying an additional 4,296 shares during the period. First Trust Advisors LP boosted its holdings in shares of Boston Private Financial by 5.4% in the 3rd quarter. First Trust Advisors LP now owns 152,693 shares of the bank’s stock valued at $2,084,000 after buying an additional 7,886 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Boston Private Financial by 5.2% in the 2nd quarter. Legal & General Group Plc now owns 183,906 shares of the bank’s stock valued at $2,932,000 after buying an additional 9,155 shares during the period. 94.17% of the stock is owned by institutional investors and hedge funds.

BPFH has been the subject of several research analyst reports. BidaskClub downgraded shares of Boston Private Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. Zacks Investment Research raised shares of Boston Private Financial from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. Finally, ValuEngine raised shares of Boston Private Financial from a “sell” rating to a “hold” rating in a research report on Friday, September 7th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.75.

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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. The company operates through four segments: Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory.

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