Boston Private Financial Holdin (NASDAQ:BPFHP) Sees Significantly Higher Trading Volume

Paterniano Del Favero
Agosto 6, 2017

(NASDAQ:BPFH) by 6.3% during the first quarter, according to its most recent filing with the SEC. Hedge funds and other institutional investors own 91.03% of the company's stock.

Boston Private Financial Holdings (NASDAQ:BPFH) traded down 1.144% on Monday, hitting $15.125.

Several other large investors also recently modified their holdings of BPFH. Thrivent Financial For Lutherans boosted its position in shares of Boston Private Financial Holdings by 0.5% in the first quarter. Thrivent Financial For Lutherans now owns 617,390 shares of the bank's stock valued at $10,125,000 after buying an additional 2,920 shares during the period. Glen Harbor Capital Management LLC increased its stake in Boston Private Financial Holdings by 8.4% in the first quarter. Meadow Creek Investment Management LLC now owns 6,496 shares of the bank's stock valued at $107,000 after buying an additional 504 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Boston Private Financial Holdings by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 15,810 shares of the bank's stock worth $258,000 after buying an additional 230 shares in the last quarter. Glen Harbor Capital Management LLC increased its stake in Boston Private Financial Holdings by 8.4% in the first quarter. Arizona State Retirement System now owns 43,911 shares of the bank's stock worth $674,000 after buying an additional 200 shares during the last quarter. Finally, Systematic Financial Management LP bought a new stake in shares of Boston Private Financial Holdings during the first quarter worth about $1,700,000.

Boston Private Financial Holdings, Inc. has a 1-year low of $11.77 and a 1-year high of $17.88.

204K shares changed hands by the end of trading on Friday. Trading volume was down 41.70% under the stocks average daily volume. Boston Private Financial Holdings, Inc. The firm has a market capitalization of $1.27 billion, a P/E ratio of 19.875 and a beta of 1.06. The stock has a 50 day moving average price of $15.35 and a 200 day moving average price of $15.93.

Boston Private Financial Holdings (NASDAQ:BPFH) last announced its quarterly earnings data on Wednesday, July 26th. The bank reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. Boston Private Financial Holdings had a net margin of 17.49% and a return on equity of 9.43%. The firm had revenue of $94.37 million during the quarter, compared to analyst estimates of $95.70 million. Research analysts at Jefferies Group raised their FY2017 EPS estimates for shares of Boston Private Financial Holdings in a research report issued to clients and investors on Wednesday.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Wednesday, August 9th will be paid a dividend of $0.11 per share. The dividend yield will be $6.67. The ex-dividend date is Monday, August 7th. Boston Private Financial Holdings's payout ratio is now 51.16%.

TRADEMARK VIOLATION NOTICE: This story was first posted by Week Herald and is the property of of Week Herald. "(BPFH) Given Average Recommendation of "Hold" by Analysts" was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another website, it was copied illegally and reposted in violation of USA & worldwide trademark and copyright legislation. The legal version of this report can be read at https://baseballnewssource.com/markets/boston-private-financial-holdings-inc-nasdaqbpfh-shares-sold-by-fox-run-management-l-l-c-updated/1275469.html.

A number of brokerages recently issued reports on BPFH. ValuEngine upgraded Boston Private Financial Holdings from a "hold" rating to a "buy" rating in a research note on Wednesday, June 28th. Zacks Investment Research raised shares of Boston Private Financial Holdings from a "hold" rating to a "buy" rating and set a $17.00 target price for the company in a report on Tuesday, July 4th. BidaskClub upgraded shares of Boston Private Financial Holdings from a "sell" rating to a "hold" rating in a report on Thursday, June 15th. Keefe, Bruyette & Woods set a $15.00 target price on Boston Private Financial Holdings and gave the stock a "hold" rating in a research note on Monday, April 10th. BMO Capital Markets reissued a hold rating and set a $16.00 price target on shares of Boston Private Financial Holdings in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the previous year is $15.25. The Company conducts its business through four segments: Private Banking, Wealth Management and Trust, Investment Management and Wealth Advisory. The Company offers a range of private banking and wealth management services to high net worth individuals, families, businesses and select institutions.

Altre relazioni OverNewsmagazine

Discuti questo articolo

SEGUI I NOSTRI GIORNALE