Boston Private Financial Hldg Inc (NASDAQ:BPFH) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 1,490,900 shares, an increase of 35.7% from the July 31st total of 1,098,300 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average trading volume of 456,600 shares, the days-to-cover ratio is currently 3.3 days.

In related news, Director Gloria C. Larson purchased 7,226 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were acquired at an average price of $10.08 per share, for a total transaction of $72,838.08. Following the purchase, the director now owns 23,075 shares of the company’s stock, valued at approximately $232,596. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Steven M. Gaven purchased 3,800 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average price of $10.53 per share, for a total transaction of $40,014.00. Following the purchase, the chief financial officer now directly owns 11,412 shares in the company, valued at approximately $120,168.36. The disclosure for this purchase can be found here. Insiders own 1.87% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH purchased a new stake in shares of Boston Private Financial in the 2nd quarter valued at $142,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Boston Private Financial in the 2nd quarter valued at $150,000. LSV Asset Management purchased a new stake in shares of Boston Private Financial in the 1st quarter valued at $139,000. Strs Ohio purchased a new stake in shares of Boston Private Financial in the 1st quarter valued at $140,000. Finally, Magnus Financial Group LLC purchased a new stake in shares of Boston Private Financial in the 1st quarter valued at $151,000. 91.74% of the stock is currently owned by institutional investors and hedge funds.

Boston Private Financial stock traded up $0.10 during mid-day trading on Friday, reaching $12.17. 36,246 shares of the company traded hands, compared to its average volume of 404,494. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.07 and a quick ratio of 1.07. Boston Private Financial has a fifty-two week low of $9.77 and a fifty-two week high of $14.50. The company has a market capitalization of $970.75 million, a price-to-earnings ratio of 12.54 and a beta of 1.10. The firm’s fifty day moving average is $10.79 and its two-hundred day moving average is $11.21.

Boston Private Financial (NASDAQ:BPFH) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.02). Boston Private Financial had a net margin of 21.54% and a return on equity of 10.68%. The company had revenue of $81.84 million for the quarter, compared to analyst estimates of $85.25 million. During the same quarter in the previous year, the company posted $0.21 EPS. As a group, equities research analysts predict that Boston Private Financial will post 0.95 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.94%. The ex-dividend date of this dividend was Thursday, August 8th. Boston Private Financial’s dividend payout ratio (DPR) is currently 49.48%.

BPFH has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of Boston Private Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 20th. BidaskClub upgraded shares of Boston Private Financial from a “hold” rating to a “buy” rating in a research note on Thursday. TheStreet lowered shares of Boston Private Financial from a “b-” rating to a “c+” rating in a research note on Friday, August 23rd. Finally, Zacks Investment Research lowered shares of Boston Private Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th.

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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