Price Action Don’t Lie: Boston Private Financial Hldg Inc Stock Is An 52-Week High Flier

Price Action Don't Lie: Boston Private Financial Hldg Inc Stock Is An 52 Week High Flier

The stock of Boston Private Financial Hldg Inc (NASDAQ:BPFH) hit a new 52-week high and has $19.11 target or 41.00% above today’s $13.55 share price. The 6 months bullish chart indicates low risk for the $1.12 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $19.11 price target is reached, the company will be worth $459.20 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. The stock increased 5.04% or $0.65 during the last trading session, hitting $13.55. About 815,460 shares traded hands or 91.00% up from the average. Boston Private Financial Hldg Inc (NASDAQ:BPFH) has risen 14.36% since April 7, 2016 and is uptrending. It has outperformed by 9.58% 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. On Friday, January 29 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, September 11. RBC Capital Markets maintained Boston Private Financial Hldg Inc (NASDAQ:BPFH) on Friday, October 23 with “Sector Perform” rating.

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 Q2 2016. Its down 0.66, from 1.62 in 2016Q1. The ratio turned negative, 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.
Teachers Retirement System Of The State Of Kentucky has 32,800 shares for 0.01% of their US portfolio. Gabelli accumulated 15,000 shares or 0.02% of the stock. Cibc Markets has 0% invested in the company for 48,005 shares. Principal Financial Group reported 601,683 shares or 0.01% of all its holdings. Citigroup Inc holds 45,227 shares or 0% of its portfolio. State Of Alaska Department Of Revenue accumulated 0.01% or 6,550 shares. The Pennsylvania-based Brandywine Global Mgmt Llc has invested 0.01% in Boston Private Financial Hldg Inc (NASDAQ:BPFH). Northeast Investment Mngmt has 413,024 shares for 0.49% of their US portfolio. Cramer Rosenthal Mcglynn Ltd, a New York-based fund reported 1.21 million shares. Perkins Investment Management Lc, a Illinois-based fund reported 773,262 shares. Federated Inc Pa holds 0% of its portfolio in Boston Private Financial Hldg Inc (NASDAQ:BPFH) for 2,115 shares. Consector Ltd Partnership accumulated 2.75% or 100,000 shares. Blackrock Advsr Limited Com reported 39,711 shares or 0% of all its holdings. Morgan Stanley holds 0% of its portfolio in Boston Private Financial Hldg Inc (NASDAQ:BPFH) for 32,896 shares. Guggenheim Ltd Liability accumulated 132,414 shares or 0% of the stock.

Insider Transactions: Since May 13, 2016, the stock had 2 insider purchases, and 6 sales for $842,741 net activity. Deutsch Clayton also sold $355,800 worth of Boston Private Financial Hldg Inc (NASDAQ:BPFH) on Friday, May 13. 1,600 shares were bought by Griffin Corey, worth $20,032 on Wednesday, August 24. The insider Schwartz George G sold $129,966. On Thursday, September 1 Higgins Martha sold $95,025 worth of the stock or 7,500 shares. 7,500 shares with value of $91,283 were sold by Kaye David J. on Thursday, July 28. Morton John III sold $97,313 worth of stock or 7,500 shares.

More 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 Forbes.com published the news titled: “Boston Private Financial Holdings Named Top Dividend Stock With Insider Buying …” on July 25, 2016. Businesswire.com‘s news article titled: “Boston Private Financial Holdings, Inc. Reports Second Quarter 2016 Results” with publication date: July 20, 2016 was also an interesting one.

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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