Boston Private Financial Hldg Inc (NASDAQ:BPFH) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,450,000 shares, an increase of 18.9% from the December 15th total of 1,220,000 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average trading volume of 465,800 shares, the days-to-cover ratio is currently 3.1 days.
BPFH opened at $12.17 on Tuesday. Boston Private Financial has a twelve month low of $9.77 and a twelve month high of $12.37. The company has a 50-day simple moving average of $11.85 and a 200 day simple moving average of $11.48. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 12.24 and a beta of 1.14.
Boston Private Financial (NASDAQ:BPFH) last posted its quarterly earnings data on Thursday, October 24th. The bank reported $0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Boston Private Financial had a net margin of 22.40% and a return on equity of 10.15%. The business had revenue of $81.28 million during the quarter, compared to analysts’ expectations of $82.40 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. Sell-side analysts anticipate that Boston Private Financial will post 0.94 EPS for the current fiscal year.
In other news, EVP W. Timothy Macdonald sold 20,546 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $11.25, for a total value of $231,142.50. Following the completion of the sale, the executive vice president now owns 113,851 shares of the company’s stock, valued at $1,280,823.75. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.87% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of BPFH. Meeder Asset Management Inc. bought a new stake in Boston Private Financial during the third quarter worth about $30,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Boston Private Financial during the third quarter worth about $30,000. Public Employees Retirement System of Ohio lifted its position in Boston Private Financial by 47.8% during the third quarter. Public Employees Retirement System of Ohio now owns 2,807 shares of the bank’s stock worth $33,000 after purchasing an additional 908 shares during the period. Allianz Asset Management GmbH bought a new stake in Boston Private Financial during the second quarter worth about $142,000. Finally, Cubist Systematic Strategies LLC raised its stake in Boston Private Financial by 22.4% during the second quarter. Cubist Systematic Strategies LLC now owns 15,264 shares of the bank’s stock worth $184,000 after acquiring an additional 2,797 shares in the last quarter. 93.03% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on BPFH shares. BidaskClub raised shares of Boston Private Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 13th. Zacks Investment Research raised shares of Boston Private Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, ValuEngine cut shares of Boston Private Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th.
Boston Private Financial Company Profile
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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