A number of other research firms have also weighed in on BPFH. TheStreet raised Boston Private Financial from a c+ rating to a b- rating in a research note on Friday, July 12th. Zacks Investment Research lowered Boston Private Financial from a buy rating to a hold rating in a research note on Monday, July 29th. Finally, ValuEngine lowered Boston Private Financial from a sell rating to a strong sell rating in a research report on Thursday, August 8th.
NASDAQ BPFH opened at $10.70 on Thursday. Boston Private Financial has a 1-year low of $9.77 and a 1-year high of $14.60. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.44. The stock has a 50-day moving average of $11.36 and a 200-day moving average of $11.34. The firm has a market cap of $869.23 million, a PE ratio of 11.03 and a beta of 1.06.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Thursday, August 8th. Boston Private Financial’s payout ratio is 49.48%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teton Advisors Inc. bought a new position in shares of Boston Private Financial in the 1st quarter worth approximately $110,000. LSV Asset Management bought a new position in shares of Boston Private Financial in the 1st quarter worth approximately $139,000. Strs Ohio bought a new position in shares of Boston Private Financial in the 1st quarter worth approximately $140,000. Allianz Asset Management GmbH bought a new position in shares of Boston Private Financial in the 2nd quarter worth approximately $142,000. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Boston Private Financial in the 2nd quarter worth approximately $150,000. 91.58% of the stock is owned by institutional investors and hedge funds.
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. 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.
Further Reading: Oversold
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