Boston Private Financial Hldg Inc (BPFH)’s Stock Formed A Several Months Bearish Wedge Down Chart Pattern

July 17, 2017 - By Vivian Park

Investors sentiment decreased to 1.09 in 2016 Q4. Its down 0.17, from 1.26 in 2016Q3. It turned negative, as 9 investors sold Boston Private Financial Hldg Inc shares while 58 reduced holdings. 28 funds opened positions while 45 raised stakes. 73.50 million shares or 1.67% less from 74.75 million shares in 2016Q3 were reported.
Blackrock has invested 0% in Boston Private Financial Hldg Inc (NASDAQ:BPFH). Princeton Alpha Management Limited Partnership stated it has 0.18% in Boston Private Financial Hldg Inc (NASDAQ:BPFH). Blackrock Fund Advsrs holds 0.02% or 6.57M shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 2,422 shares or 0% of their US portfolio. D E Shaw & Incorporated holds 0% of its portfolio in Boston Private Financial Hldg Inc (NASDAQ:BPFH) for 134,903 shares. Goldman Sachs Gp Inc holds 0.01% in Boston Private Financial Hldg Inc (NASDAQ:BPFH) or 2.89 million shares. The United Kingdom-based Gsa Cap Partners Ltd Liability Partnership has invested 0.01% in Boston Private Financial Hldg Inc (NASDAQ:BPFH). Amalgamated Bankshares has 0.01% invested in Boston Private Financial Hldg Inc (NASDAQ:BPFH). Sei Investments Company holds 65,838 shares. Financial Bank Of New York Mellon holds 1.38M shares. Prudential Financial reported 425,535 shares. Legal General Group Inc Pcl reported 0% of its portfolio in Boston Private Financial Hldg Inc (NASDAQ:BPFH). 311,539 are held by Aqr Capital Management Ltd Liability Corporation. California Employees Retirement System stated it has 0.01% of its portfolio in Boston Private Financial Hldg Inc (NASDAQ:BPFH). Signia Cap Mgmt Limited Liability Company has 111,060 shares.

Since January 25, 2017, it had 0 insider purchases, and 3 selling transactions for $979,623 activity. Waters Stephen M sold 9,000 shares worth $139,180. Another trade for 25,000 shares valued at $425,610 was sold by Regan Joseph D. Deutsch Clayton also sold $414,833 worth of Boston Private Financial Hldg Inc (NASDAQ:BPFH) on Friday, January 27.

The stock of Boston Private Financial Hldg Inc (BPFH) formed a down wedge with $14.79 target or 3.00 % below today’s $15.25 share price. The 5 months wedge indicates high risk for the $1.28 billion company. If the $14.79 price target is reached, the company will be worth $38.40M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

About 161,794 shares traded. Boston Private Financial Hldg Inc (NASDAQ:BPFH) has risen 23.13% since July 17, 2016 and is uptrending. It has outperformed by 6.43% the S&P500.

Investors wait Boston Private Financial Hldg Inc (NASDAQ:BPFH) to report on July, 19. its quarterly earnings Wall Street analysts expect $0.22 earnings per share, up $0.02 or 10.00 % from last year’s $0.2 same quarter earnings. This translates into $18.47 million profit for BPFH giving the stock a 17.33 P/E. This is assuming the current $0.22 EPS is accurate. Boston Private Financial Hldg Inc’s Wall Street analysts see 46.67 % EPS growth, taking into account the $0.15 EPS reproted in the previous quarter,

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

Among 4 analysts covering Boston Private Financial Holdings (NASDAQ:BPFH), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Boston Private Financial Holdings had 12 analyst reports since July 17, 2015 according to SRatingsIntel. On Friday, January 29 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. BMO Capital Markets maintained the shares of BPFH in report on Thursday, June 8 with “Hold” rating. The stock of Boston Private Financial Hldg Inc (NASDAQ:BPFH) has “Hold” rating given on Monday, November 28 by Jefferies. RBC Capital Markets maintained Boston Private Financial Hldg Inc (NASDAQ:BPFH) on Friday, September 11 with “Sector Perform” rating. RBC Capital Markets maintained Boston Private Financial Hldg Inc (NASDAQ:BPFH) rating on Friday, October 23. RBC Capital Markets has “Sector Perform” rating and $12 target. Jefferies maintained the stock with “Hold” rating in Friday, June 9 report.

More recent Boston Private Financial Hldg Inc (NASDAQ:BPFH) news were published by: Seekingalpha.com which released: “Boston Private Financial Holdings’ (BPFH) CEO Clayton Deutsch on Q1 2017 …” on April 27, 2017. Also Businesswire.com published the news titled: “Boston Private Adds Trust Services Industry Veteran to West Coast Team” on July 12, 2017. Nytimes.com‘s news article titled: “Trump’s Fed Nominee Has History of Benefiting From Bailouts” with publication date: July 12, 2017 was also an interesting one.

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