On Jan. 05, Macdonald W. Timothy divested U.S. $114,394 in shares of Boston Private Financial Holdings Inc.. The EVP, Chief Risk Officer sold 10,586 shares at a price per share of $10.81. The transaction decreased this specific insider’s holdings to 94,705 shares worth around $1.14 million at present.
Keefe Bruyette took its Boston Private Financial Holdings Inc. [BPFH] rating to the equivalent of a Mkt perform from an Outperform, and the price target to $9 from $10, in a research note dated May 01, 2020. That figure represents around a -34.22% premium from where the company’s shares closed on Thursday. Other analysts also revised their coverage, with Keefe Bruyette’s analysts downgrading the shares from “an Outperform” rating to “a Mkt perform” rating in a research note to investors issued in early May. Meanwhile, Wedbush had launched its coverage on BPFH with “Neutral”, in a research note produced for clients April 07, 2020. In addition, there was a downgrade from Jefferies on November 28, 2016. The rater changed BPFH from “a Buy” to “a Hold”.
Is Boston Private Financial Holdings Inc. [NASDAQ:BPFH] a Good Buy Right Now?
It should be noted that BPFH technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 88% Buy in the last week and compares with 72% Buy in the past month. Data from Boston Private Financial Holdings Inc.’s Trend Spotter indicated that the signals were Weakening. The stock current average is 1.58 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 1.07 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.95 million shares.
BPFH Price Performance
On Wall Street, Boston Private Financial Holdings Inc. [NASDAQ:BPFH] finished Thursday’s session up 2.63% at $12.08. The stock went up to $12.19 at the same session while its lowest single day price was $11.83. In the last five days, it saw a rise of about 45.19%, Boston Private Financial Holdings Inc. shares gained by almost 42.96% since the beginning of the year. However, the share price has dropped to as low as -7.65% below its one year high. On 01/07/21, the company shares recorded $12.19, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $8.16. The company’s shares have declined by -0.66% in the past year. The 50-day SMA achieved is $7.68 while the 200-day SMA is $6.77. Volume dropped to 3.25 million from 4.43 million in the previous session.
Boston Private Financial Holdings Inc. [BPFH] Valuation Measures
Notably, Boston Private Financial Holdings Inc. [BPFH] stock cannot be classified as a good candidate in the listing of underestimated low-priced Banks – Regional companies to purchase soonest possible with the prevailing 12-month PE ratio of 23.92. The measure means the stock is exchanging at a premium as compared to the 11.75x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 3.46 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.42 which means BPFH serve an unattractive investment opportunity compared to its competitors.
BPFH Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 11.88 level, and in case of violation of this particular level, it will cause more drop to 11.67 level. On the upper level, 12.39 is still the key resistance. The stock may increase to the subsequent resistance at 12.24. The Relative Strength Index (RSI) pinned on the 14-day chart is 88.27, implying a overbought technical stance while the MACD stands at 2.76, meaning price will increase in the next trading period. Percent R indicator moved to 2.58%, implying bullish price movement. Stochastic %K at 95.22% suggest selling the stock.
What is the short interest in Boston Private Financial Holdings Inc.?
Short interest in the Boston Private Financial Holdings Inc. stock has plunged, decreasing by -1.57 million shares to total 2.35 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.78 million, data from Yahoo Finance shows. The increase of 66.96% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 3.90% of the overall float for the stock.
Boston Private Financial Holdings Inc.’s Biggest Shareholders: Who Owns Boston Private Financial Holdings Inc. [BPFH]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 11,138,470 shares or roughly 13.54% of the outstanding BPFH shares. This means their shares have increased by 27,711 from the 11,138,470 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, The Vanguard Group, Inc. updated stake is worth $58,531,246. Details in the latest 13F filings reveal that Dimensional Fund Advisors LP disposed off their -3.19% stake valued at $40,913,078 while SSgA Funds Management, Inc. cut theirs at $21,171,776. During the last quarter, Dimensional Fund Advisors LP liquidated -188,232 of its shares in Boston Private Financial Holdings Inc. while SSgA Funds Management, Inc. sold -176,860 shares. The FIAM LLC’s holdings currently number 2,933,407 shares at $35435556.56. According to the firm’s last 13F report, Mellon Investments Corp. shares in the company at filing stood at 2,057,155 shares, roughly $14,729,230.
BPFH Earnings Forecast For The Current Quarter
Boston Private Financial Holdings Inc. [BPFH] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $57.51M and an earnings per share of $0.17 for Dec 2020. Looking further ahead, the company is expected to report revenue of $58.29M at an EPS of $0.16 for Mar 2021. The estimates represent upside of 0.60% and 48.82% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
BPFH Earnings Estimates For The Current Year
For the financial year, Boston Private Financial Holdings Inc. [NASDAQ:BPFH] is expected to bring in revenue of $231.54M. The returns are nearly $3.46 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 0.42, lower than that of FY19 by -$0.55. Estimates put this year’s earnings growth at -56.70%, 50.00% for the next, and at an annual 10.18% over the next 5-year period. As for sales, forecasts are for an increase of 1.50% in the current fiscal year and a further 0.60% over the following year.
What are analyst thoughts on Boston Private Financial Holdings Inc.?
Looking forward to the Boston Private Financial Holdings Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Boston Private Financial Holdings Inc. stock at $10.75 within the next 12 months, which represents almost -12.37 per cent growth from its previous closing price of $12.08. The highest analysts’ target for Boston Private Financial Holdings Inc. stock projections is $11.00 and the lowest one is $8.50. Still, 5 analysts sharing their consensus rating for BPFH stock in 2021 agree that it is a Hold.