News stories about Boston Private Financial (NASDAQ:BPFH) have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Boston Private Financial earned a news impact score of 0.10 on Accern’s scale. Accern also gave media headlines about the bank an impact score of 48.1940179669992 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of research firms have issued reports on BPFH. Zacks Investment Research downgraded shares of Boston Private Financial from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine raised shares of Boston Private Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. BidaskClub downgraded shares of Boston Private Financial from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Sandler O’Neill set a $17.00 price objective on shares of Boston Private Financial and gave the company a “hold” rating in a report on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $16.00 price target on shares of Boston Private Financial in a report on Friday, January 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.50.
Shares of Boston Private Financial (BPFH) traded down $0.05 during trading on Wednesday, hitting $15.50. 173,472 shares of the stock were exchanged, compared to its average volume of 404,834. Boston Private Financial has a 12 month low of $13.95 and a 12 month high of $17.20. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $1,314.52, a P/E ratio of 36.16 and a beta of 1.03.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 2nd were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.10%. This is a boost from Boston Private Financial’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Thursday, February 1st. Boston Private Financial’s dividend payout ratio is currently 111.63%.
In related news, CEO Corey Griffin acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was acquired at an average cost of $15.19 per share, for a total transaction of $75,950.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP W. Timothy Macdonald acquired 3,129 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were bought at an average price of $15.44 per share, with a total value of $48,311.76. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 33,255 shares of company stock valued at $507,486. 2.07% of the stock is owned by corporate insiders.
About Boston Private Financial
Boston Private Financial Holdings, Inc is the bank holding company of Boston Private Bank & Trust Company. The Company offers private banking and wealth management services to high net worth individuals, families, businesses and select institutions. Its segments include Private Banking, Wealth Management and Trust, Investment Management and Wealth Advisory.
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