The CEO Boston Private Wealth LLC of Boston Private Fin (NASDAQ: BPFH) is Buying Shares


Today, the CEO Boston Private Wealth LLC of Boston Private Fin (NASDAQ: BPFH), Corey Griffin, bought shares of BPFH for $148.1K.

This recent transaction increases Corey Griffin’s holding in the company by 18.72% to a total of $1.07 million. Following Corey Griffin’s last BPFH Buy transaction on August 25, 2016, the stock climbed by 4.6%.

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Based on Boston Private Fin’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $108 million and quarterly net profit of $22.66 million. In comparison, last year the company earned revenue of $97.52 million and had a net profit of $14.5 million. BPFH’s market cap is $1.38B and the company has a P/E ratio of 31.63. The company has a one-year high of $17.15 and a one-year low of $13.95.

Four different firms, including Jefferies and KBW, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $122.2K worth of BPFH shares and purchased $167.1K worth of BPFH shares. The insider sentiment on Boston Private Fin has been neutral according to 69 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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Boston Private Financial Holdings, Inc. engages in the business of wealth management. It operates through the following segments: Private Banking; Wealth Management and Trust; Investment Management; and Wealth Advisory. The Private Banking segment provides services to privately owned businesses, private partnerships, and nonprofit organizations.

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