Price Action Alert: Could Boston Private Financial Hldg Inc See a Reversal After Breaking Its 52-Week High?

Price Action Alert: 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 $24.33 target or 53.00% above today’s $15.90 share price. The 6 months bullish chart indicates low risk for the $1.41B company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $24.33 price target is reached, the company will be worth $747.30 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 109,067 shares traded hands. Boston Private Financial Hldg Inc (NASDAQ:BPFH) has risen 30.10% since April 12, 2016 and is uptrending. It has outperformed by 25.12% the S&P500.

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. Boston Private Financial Holdings has been the topic of 9 analyst reports since July 17, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Friday, September 11 with “Sector Perform”. The stock of Boston Private Financial Hldg Inc (NASDAQ:BPFH) has “Sector Perform” rating given on Friday, January 29 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Friday, October 23 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 fall, 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.
Neuberger Berman Grp holds 0% or 10,000 shares in its portfolio. Banc Funds Lc holds 1.80 million shares or 1.24% of its portfolio. The New York-based Blackrock Incorporated has invested 0% in Boston Private Financial Hldg Inc (NASDAQ:BPFH). Panagora Asset Mngmt reported 52,142 shares or 0% of all its holdings. Victory Management Inc owns 8,767 shares or 0% of their US portfolio. Bnp Paribas Inv Ptnrs owns 574,977 shares or 0.06% of their US portfolio. The New York-based Teachers has invested 0% in Boston Private Financial Hldg Inc (NASDAQ:BPFH). New York State Common Retirement Fund has 0% invested in the company for 135,788 shares. Commercial Bank Of Ny Mellon Corporation has 0.01% invested in the company for 2.47M shares. Deutsche Natl Bank Ag has 0.01% invested in the company for 612,165 shares. The Manitoba – Canada-based Ig Inv Mgmt has invested 0.01% in Boston Private Financial Hldg Inc (NASDAQ:BPFH). Consector Cap L P has invested 2.75% of its portfolio in Boston Private Financial Hldg Inc (NASDAQ:BPFH). Cornerstone Hldgs Limited Liability holds 0% of its portfolio in Boston Private Financial Hldg Inc (NASDAQ:BPFH) for 21,490 shares. Kanaly Trust Communications holds 19 shares or 0% of its portfolio. Swiss Bancshares has invested 0% of its portfolio in Boston Private Financial Hldg Inc (NASDAQ:BPFH).

Insider Transactions: Since May 24, 2016, the stock had 2 buys, and 6 sales for $842,741 net activity. Kaye David J. sold 7,500 shares worth $91,283. Higgins Martha sold 7,500 shares worth $95,025. Deutsch Clayton sold $385,186 worth of stock or 30,000 shares. Griffin Corey bought 5,000 shares worth $60,200. 10,000 shares with value of $129,966 were sold by Schwartz George G on Tuesday, October 25. Morton John III sold $97,313 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 Second Quarter 2016 Results” on July 06, 2016, also Nasdaq.com published article titled: “Boston Private Financial Holdings’ Preferred Stock, Series D Shares Cross 6.5 …”, Forbes.com published: “Boston Private Financial Holdings Named Top Dividend Stock With Insider Buying …” on July 25, 2016. More interesting news about Boston Private Financial Hldg Inc (NASDAQ:BPFH) was released by: Forbes.com and their article: “Ex-Dividend Reminder: Brookline Bancorp, Boston Private Financial and Wells Fargo” with publication date: October 31, 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.

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