Boston Private Financial Holdings, Inc. (BPFH) saw a big move last session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for BPFH, as the stock is now down 12.7% in the past one-month time frame.
On Jan 21, 2015, Boston Private Financial reported fourth-quarter 2014 earnings per share of 13 cents, down from 20 cents per share in fourth-quarter 2013. Lower than expected resulted might be the reason behind the recent fall in share price.
Although this slump was obviously disappointing, Boston Private Financial has seen 1 positive revision and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for BPFH. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
BPFH currently has a Zacks Rank #3 (Hold).
Investors interested in the northeastern banks industry may consider better-ranked stock like The Bancorp Inc. (TBBK), which carries a Zacks Rank #2 (Buy).
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