Stock of The Day: Could Boston Private Financial Hldg Inc See a Reversal After Breaking Its 52-Week High?

Stock of The Day: Could Boston Private Financial Hldg Inc See a Reversal After Breaking Its 52 Week High?

The stock of Boston Private Financial Hldg Inc (NASDAQ:BPFH) hit a new 52-week high and has $20.22 target or 51.00% above today’s $13.39 share price. The 9 months bullish chart indicates low risk for the $1.12B company. The 1-year high was reported on Oct, 10 by Barchart.com. If the $20.22 price target is reached, the company will be worth $571.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 24,869 shares traded hands. Boston Private Financial Hldg Inc (NASDAQ:BPFH) has risen 16.53% since March 7, 2016 and is uptrending. It has outperformed by 8.94% the S&P500.

Analysts await Boston Private Financial Hldg Inc (NASDAQ:BPFH) to report earnings on October, 19. They expect $0.20 earnings per share, up 42.86% or $0.06 from last year’s $0.14 per share. BPFH’s profit will be $16.73 million for 16.74 P/E if the $0.20 EPS becomes a reality. After $0.20 actual earnings per share reported by Boston Private Financial Hldg Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Boston Private Financial Hldg Inc (NASDAQ:BPFH) Ratings Coverage

Out of 4 analysts covering Boston Private Financial Holdings (NASDAQ:BPFH), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $13 is the highest target while $11 is the lowest. The $12.36 average target is -7.69% below today’s ($13.39) stock price. Boston Private Financial Holdings has been the topic of 9 analyst reports since July 17, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Boston Private Financial Hldg Inc (NASDAQ:BPFH) on Friday, September 11 with “Sector Perform” rating. The rating was maintained by RBC Capital Markets on Friday, October 23 with “Sector Perform”. On Friday, January 29 the stock rating was maintained by RBC Capital Markets with “Sector Perform”.

According to Zacks Investment Research, “Boston Private Bancorp, through its subsidiaries offers a full range of banking, commercial and residential lending, and trust and investment management services to its domestic and international clientele with a commitment to exceptional service. In the city of Boston, Boston Private Bank & Trust Company offers a First Time Homebuyer program, and “soft second” mortgage financing. Under its Accessible Banking program, the Bank is an active provider of real estate financing for affordable housing, economic development, and small businesses.”

Insitutional Activity: The institutional sentiment decreased to 0.96 in 2016 Q2. Its down 0.66, from 1.62 in 2016Q1. The ratio dropped, as 13 funds sold all Boston Private Financial Hldg Inc shares owned while 56 reduced positions. 17 funds bought stakes while 49 increased positions. They now own 72.26 million shares or 4.20% less from 75.42 million shares in 2016Q1.
California State Teachers Retirement Sys reported 171,695 shares or 0% of all its holdings. Summit Securities Limited accumulated 0.1% or 15,403 shares. Ig Invest Mgmt Ltd has 156,800 shares for 0.01% of their US portfolio. Dimensional Fund L P accumulated 0.03% or 5.09M shares. Endeavour Cap Advsr has invested 0.39% of its portfolio in Boston Private Financial Hldg Inc (NASDAQ:BPFH). Legal And General Public Limited Company reported 23,542 shares or 0% of all its holdings. Commonwealth Equity Services holds 11,499 shares or 0% of its portfolio. Clarivest Asset Mgmt Limited Com holds 17,314 shares or 0.01% of its portfolio. Bnp Paribas Arbitrage holds 0% of its portfolio in Boston Private Financial Hldg Inc (NASDAQ:BPFH) for 25,802 shares. Moreover, Pinebridge Lp has 0.01% invested in Boston Private Financial Hldg Inc (NASDAQ:BPFH) for 10,201 shares. Federated Invsts Incorporated Pa last reported 2,115 shares in the company. Ubs Asset Mgmt Americas Inc owns 49,396 shares or 0% of their US portfolio. Blackrock Advsrs Llc last reported 0% of its portfolio in the stock. Pnc Financial Services Gru owns 511 shares or 0% of their US portfolio. Wellington Management Gp Llp owns 31,327 shares or 0% of their US portfolio.

Insider Transactions: Since May 13, 2016, the stock had 2 insider purchases, and 5 insider sales for $971,262 net activity. $95,025 worth of Boston Private Financial Hldg Inc (NASDAQ:BPFH) was sold by Higgins Martha. The insider Deutsch Clayton sold $385,186. $91,283 worth of Boston Private Financial Hldg Inc (NASDAQ:BPFH) was sold by Kaye David J.. Griffin Corey bought $60,200 worth of stock.

More important recent Boston Private Financial Hldg Inc (NASDAQ:BPFH) news were published by: Businesswire.com which released: “Boston Private Financial Holdings, Inc. to Announce Third Quarter 2016 Results” on October 03, 2016, also Forbes.com published article titled: “Boston Private Financial Holdings Named Top Dividend Stock With Insider Buying …”, Businesswire.com published: “Boston Private Financial Holdings, Inc. to Announce Second Quarter 2016 Results” on July 06, 2016. More interesting news about Boston Private Financial Hldg Inc (NASDAQ:BPFH) was released by: Businesswire.com and their article: “Boston Private Financial Holdings, Inc. Reports Second Quarter 2016 Results” with publication date: July 20, 2016.

BPFH Company Profile

Boston Private Financial Holdings, Inc., incorporated on September 2, 1987, is the bank holding firm of Boston Private Bank & Trust Company (the Bank or Boston Private Bank). The Firm offers a range of wealth management and private banking services to high net worth individuals, families, businesses and select institutions. The Firm conducts its business through four divisions: Private Banking, Wealth Management and Trust, Investment Management and Wealth Advisory.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment