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BPFH Boston Private Financial

Boston Private is a leading provider of integrated wealth management, trust and banking services to individuals, families, businesses and nonprofits. For more than 30 years, Boston Private has delivered comprehensive advice coupled with deep technical expertise to help clients simplify their lives and achieve their goals. The firm offers the capabilities of a large institution with the superior service of a boutique firm to clients across the United States. Boston Private is the corporate brand of Boston Private Financial Holdings, Inc..

Company profile

Ticker
BPFH
Exchange
NASDAQ
Website
www.bostonprivate.com
CEO
Anthony DeChellis
Employees
Incorporated
Massachusetts
Location
Massachusetts
Fiscal year end
Dec 31
Sector
Finance and Insurance > Commercial Banking
Industry (SIC)
State Commercial Banks
Bank Of New York Mellon • State Street • Citizens Financial • Fifth Third Bancorp • Northern Trust • M & T Bank • Popular • Ally Financial • Associated Banc-Corp. • First Citizens Bancshares, Inc ...
Former names
BOSTON PRIVATE BANCORP INC
SEC CIK
0000821127
Corporate docs
IRS number
42976299

BPFH stock data

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News

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Why Is Cerence (CRNC) Stock Surging?
2 Jul 21
Adtalem Global Education To Join S&P SmallCap 600, To Replace Boston Private Financial Holdings
1 Jul 21
https://www.spglobal.com/spdji/en/media-center/news-announcements/#indexNews
Stocks That Hit 52-Week Highs On Monday
7 Jun 21
Before 10 a.m. ET Monday, 296 stocks made new 52-week highs.
Stocks That Hit 52-Week Highs On Tuesday
1 Jun 21
Stocks That Hit 52-Week Highs On Thursday
27 May 21

Press releases

Pro users get this 30m faster
Cerence Set to Join S&P MidCap 400; Adtalem Global Education to Join S&P SmallCap 600
1 Jul 21
NEW YORK, July 1, 2021 /PRNewswire/ -- Cerence Inc (NASD: CRNC) will replace Adtalem Global Education Inc. (NYSE:ATGE) in the S&P MidCap 400 and Adtalem Global Education will replace Boston Private Financial Holdings
KBW Announces Index Rebalancing for Second-Quarter 2021
11 Jun 21
NEW YORK, June 11, 2021 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp.
SVB Financial Group Announces $11.2 Billion Community Benefits Plan
20 May 21
SANTA CLARA, Calif. and BOSTON, May 20, 2021 /PRNewswire/ -- SVB Financial Group ("SVB") (NASDAQ:SIVB), the parent of Silicon Valley Bank, the bank of the world's most innovative companies and their
Boston Private Shareholders Approve Merger with SVB Financial
4 May 21

Calendar

5 May 21
31 Jul 21
31 Dec 21

Financial summary

Financial statements Chart BPFH financial data
Quarter (USD)
 Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Recent insider trades

BPFH insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 21 Graham Colleen A Common Stock Sale back to company Dispose D No No 0 4,801 0 0
1 Jul 21 Graham Colleen A Stock Option Common Stock Sale back to company Dispose D No No 6.16 38,462 236.93K 0
1 Jul 21 Graham Colleen A Stock Option Common Stock Sale back to company Dispose D No No 11.08 22,727 251.82K 0
1 Jul 21 Graham Colleen A RSU Common Stock Sale back to company Dispose D No No 0 18,953 0 0
1 Jul 21 Graham Colleen A RSU Common Stock Sale back to company Dispose D No No 0 26,786 0 0
1 Jul 21 Graham Colleen A RSU Common Stock Sale back to company Dispose D No No 0 5,953 0 0
1 Jul 21 Graham Colleen A RSU Common Stock Sale back to company Dispose D No No 0 17,992 0 0
1 Jul 21 Graham Colleen A RSU Common Stock Sale back to company Dispose D No No 0 2,106 0 0
1 Jul 21 Ubinas Luis A Common Stock Sale back to company Dispose D No No 0 20,316.06 0 0
1 Jul 21 Woodson William I Common Stock Sale back to company Dispose D No No 0 25,242 0 0
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

BPFH institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

92.8% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 171 168 +1.8%
Opened positions 41 19 +115.8%
Closed positions 38 25 +52.0%
Increased positions 49 54 -9.3%
Reduced positions 62 64 -3.1%
13F shares
 Current Prev Q Change
Total value 1.57B 653.12M +140.5%
Total shares 76.56M 76.82M -0.3%
Total puts 42K 12.2K +244.3%
Total calls 10.6K 13.2K -19.7%
Total put/call ratio 4.0 0.9 +328.7%
Largest owners
 Shares Value Change
BLK Blackrock 12.19M $162.36M +1.3%
Vanguard 8.9M $118.61M +4.8%
Dimensional Fund Advisors 5.29M $70.57M -2.9%
STT State Street 4.64M $61.86M +45.2%
HoldCo Asset Management 4.05M $53.94M +0.0%
Water Island Capital 2.71M $36.13M NEW
Millennium Management 2.69M $35.78M +1308.9%
BAC Bank Of America 2.65M $35.27M +2387.6%
Hudson Bay Capital Management 2.02M $26.92M NEW
Omni Partners 1.65M $21.93M NEW
Largest transactions
 Shares Bought/sold Change
Wellington Management 780.46K -4.98M -86.5%
Water Island Capital 2.71M +2.71M NEW
BAC Bank Of America 2.65M +2.54M +2387.6%
Millennium Management 2.69M +2.5M +1308.9%
FMR 0 -2.32M EXIT
Hudson Bay Capital Management 2.02M +2.02M NEW
Omni Partners 1.65M +1.65M NEW
AMP Ameriprise Financial 539.88K -1.59M -74.6%
BK Bank Of New York Mellon 916.92K -1.57M -63.1%
STT State Street 4.64M +1.45M +45.2%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Management Discussion
  • Net income. The Company recorded Net income from continuing operations for the year ended December 31, 2020 of $45.2 million, compared to Net income from continuing operations of $80.4 million and $81.9 million in 2019 and 2018, respectively. Net income attributable to the Company, which includes income from both continuing and discontinued operations, if any, less Net income attributable to noncontrolling interests, for the year ended December 31, 2020 was $45.2 million, compared to income of $80.0 million and $80.4 million in 2019 and 2018, respectively.
  • The Company recognized Diluted earnings per share from continuing operations for the year ended December 31, 2020 of $0.55 per share, compared to $0.97 per share and $0.90 per share in 2019 and 2018, respectively. Diluted earnings per share attributable to common shareholders, which includes both continuing and discontinued operations, if any, for the year ended December 31, 2020 was $0.55 per share, compared to earnings of $0.97 per share and $0.92 per share in 2019 and 2018, respectively. Net income from continuing operations in 2020 and 2019 was positively impacted by decreases in the redemption value of certain redeemable noncontrolling interests, which increased income available to common shareholders. Net income from continuing operations in 2018 was partially offset by dividends paid on preferred stock, net of a decrease in the redemption value of certain redeemable noncontrolling interests. See Part II. Item 8. “Financial Statements and Supplementary Data - Note 16: Earnings Per Share” for further detail on the charges made to arrive at income attributable to common shareholders.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: circumstance, converted, curtailment, customary, deciding, Department, elapse, exhausted, issuer, multiplying, occurrence, product, pursuant, satisfaction, stopped, SVB, unavailable, undiscounted, Urban
Removed: accuracy, aggregating, August, beneficial, bifurcated, captioned, certainty, clarify, combat, compete, conduct, conform, continued, contraction, create, deficiency, delay, delaying, deny, depreciation, disclose, disrupted, disruption, distancing, easing, efficiency, eliminate, expose, faced, February, finance, found, governmental, guaranty, harm, heightened, hinder, hiring, immaterial, incentive, integration, KLS, largest, leasehold, leasing, length, magnitude, merged, negatively, Occupancy, operate, originating, package, posed, practical, predicted, prescribed, Professional, public, reduce, Refer, referenced, relate, remove, reorganized, reputation, responsive, rollforward, scope, scrutiny, selling, September, set, structure, suffer, supplemental, trusted, unclear, workforce, worsening
From filing 10-Q 2021 Q1

Financial reports

View all
10-Q
2021 Q1
Quarterly report
5 May 21
10-K/A
2020 FY
Annual report (amended)
15 Mar 21
10-K
2020 FY
Annual report
1 Mar 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
8 May 20
10-K
2019 FY
Annual report
28 Feb 20
10-Q
2019 Q3
Quarterly report
4 Nov 19
10-Q
2019 Q2
Quarterly report
5 Aug 19
10-Q
2019 Q1
Quarterly report
8 May 19

Current reports

View all
8-K
Entry into a Material Definitive Agreement
1 Jul 21
8-K
Financial Statements and Exhibits
27 May 21
8-K/A
Submission of Matters to a Vote of Security Holders
6 May 21
8-K
Submission of Matters to a Vote of Security Holders
5 May 21
8-K
Boston Private Shareholders Approve Merger with SVB Financial
4 May 21
8-K
Boston Private Announces Adjournment of
27 Apr 21
8-K
Boston Private Reports First Quarter 2021 Results
22 Apr 21
8-K
Other Events
16 Apr 21
8-K
Regulation FD Disclosure
9 Mar 21
8-K
Boston Private Reports Fourth Quarter and Full Year 2020 Results
21 Jan 21

Registration and prospectus

View all
15-12B
Securities registration termination
15 Jul 21
POS AM
Prospectus update (post-effective amendment)
1 Jul 21
POS AM
Prospectus update (post-effective amendment)
1 Jul 21
POS AM
Prospectus update (post-effective amendment)
1 Jul 21
POS AM
Prospectus update (post-effective amendment)
1 Jul 21
POS AM
Prospectus update (post-effective amendment)
1 Jul 21
POS AM
Prospectus update (post-effective amendment)
1 Jul 21
POS AM
Prospectus update (post-effective amendment)
1 Jul 21
POS AM
Prospectus update (post-effective amendment)
1 Jul 21
POS AM
Prospectus update (post-effective amendment)
1 Jul 21

Proxies

View all
DFAN14A
Additional proxy materials by non-management
28 Apr 21
DFAN14A
Additional proxy materials by non-management
28 Apr 21
DFAN14A
Additional proxy materials by non-management
15 Apr 21
DFAN14A
Additional proxy materials by non-management
9 Apr 21
DFAN14A
Additional proxy materials by non-management
30 Mar 21
DFAN14A
Additional proxy materials by non-management
24 Mar 21
DEFC14A
Proxy in contested situation
22 Mar 21
DFAN14A
Additional proxy materials by non-management
19 Mar 21
DEFM14A
Proxy related to merger
17 Mar 21
PREC14A
Preliminary proxy with contested solicitation
24 Feb 21

Other

View all
EFFECT
Notice of effectiveness
9 Jul 21
EFFECT
Notice of effectiveness
9 Jul 21
EFFECT
Notice of effectiveness
9 Jul 21
EFFECT
Notice of effectiveness
9 Jul 21
EFFECT
Notice of effectiveness
9 Jul 21
EFFECT
Notice of effectiveness
9 Jul 21
EFFECT
Notice of effectiveness
9 Jul 21
EFFECT
Notice of effectiveness
9 Jul 21
EFFECT
Notice of effectiveness
9 Jul 21
EFFECT
Notice of effectiveness
29 May 20

Ownership

View all
4
BOSTON PRIVATE FINANCIAL / Maura Almy ownership change
6 Jul 21
4
BOSTON PRIVATE FINANCIAL / Lizabeth H Zlatkus ownership change
6 Jul 21
4
BOSTON PRIVATE FINANCIAL / GLORIA C LARSON ownership change
6 Jul 21
4
BOSTON PRIVATE FINANCIAL / W. Timothy MacDonald ownership change
6 Jul 21
4
BOSTON PRIVATE FINANCIAL / Joseph D Regan ownership change
6 Jul 21
4
BOSTON PRIVATE FINANCIAL / DEBORAH F KUENSTNER ownership change
6 Jul 21
4
BOSTON PRIVATE FINANCIAL / Kimberly S Stevenson ownership change
6 Jul 21
4
BOSTON PRIVATE FINANCIAL / MARK F FURLONG ownership change
6 Jul 21
4
BOSTON PRIVATE FINANCIAL / Joy Enos ownership change
6 Jul 21
4
BOSTON PRIVATE FINANCIAL / James Cannon Brown ownership change
6 Jul 21

Transcripts

View all
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
2 Aug 20
2020 Q1
Earnings call transcript
2 May 20
2019 Q4
Earnings call transcript
23 Jan 20
2019 Q3
Earnings call transcript
25 Oct 19
2019 Q2
Earnings call transcript
28 Jul 19
2019 Q1
Earnings call transcript
18 Apr 19
2018 Q4
Earnings call transcript
31 Jan 19
2018 Q3
Earnings call transcript
18 Oct 18
2018 Q2
Earnings call transcript
19 Jul 18

Reddit threads

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