Silicon Valley Banks parent company has completed its acquisition of Boston Private Financial Holdings Inc., months after the deal seemed in danger of being rejected. For Boston Private, it took an extra week this spring to secure the shareholder votes necessary to score deal approval.
SANTA CLARA, Calif. , July 1, 2021 /PRNewswire/ -- SVB Financial Group ("SVB") (NASDAQ: SIVB ), the parent of Silicon Valley Bank, today announced it has completed the acquisition of Boston Private Financial Holdings, Inc. ("Boston Private"), the parent company of Boston Private Bank & Trust Company ("Boston Private Bank"), a leading provider of integrated wealth management, trust and banking services to individuals, families, businesses and nonprofits. Boston Private is now part of SVB. The combined private banking and wealth management business will be led by Anthony DeChellis , CEO of SVB Private Banking & Wealth Management and Yvette Butler , President of SVB Private Banking & Wealth Management. The private banking and wealth management leadership team will now also include Jim Brown , Head of Specialty Commercial and John Longley , head of Private Bank, Wealth, Trust & Wine. "With the close of our acquisition of Boston Private, we are well positioned to deliver the understanding, guidance and solutions to
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WASHINGTON, DC (STL.News) The Federal Reserve Board on Thursday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by SVB Financial Group, Santa Clara, California, to merge with Boston Private Financial Holdings, Inc., and thereby indirectly acquire its subsidiary state member bank, The News Federal Reserve Board Approves Boston Private Financial Holdings appeared first on STL.News .
WASHINGTON The Federal Reserve announced ON Thursday it had approved a merger between Boston Private Financial Holdings Inc and SVB Financial Group . The approval clears the way for SVB to indirectly acquire the subsidiary state member bank, Boston Private Bank & Trust Company, and for Silicon Valley Bank to merge with that bank. []
Boston Private Financial Holdings Inc (BPFH) shares closed today at 1.7% below its 52 week high of $15.74, giving the company a market cap of $1B. The stock is currently up 84.1% year-to-date, up 138.1% over the past 12 months, and up 45.2% over the past five years. This week, the Dow Jones Industrial Average rose 0.9%, and the S&P 500 rose 0.3%. Trading Activity Trading volume this week was 60.3% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.3. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 148.3% The company's stock price performance over the past 12 months beats the peer average by 98.6% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 211.5% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
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 investors, today announced a proposed five-year, $11.2 billion community benefits plan that builds on its long-standing commitment toward helping small businesses, financing affordable housing, reinvesting in low- and moderate-income ("LMI") communities and supporting the greater good through philanthropy and volunteering. The plan was developed in collaboration with the California Reinvestment Coalition ("CRC"), The Greenlining Institute, Massachusetts Affordable Housing Alliance ("MAHA") and Massachusetts Association of Community Development Corporations ("MACDC"), based on anticipated growth resulting from and subject to the completion of SVB''s pending acquisition of Boston Private Financial Holdings, Inc. ("Boston Private") (NASDAQ: BPFH ), the parent of Boston Private Bank & Trust Company.
HoldCo Asset Management Issues Second Public Letter To Boston Private Financial Holdings PRNewswire
BOSTON--(BUSINESS WIRE)--The Board of Directors of Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) (“Boston Private”), a leading provider of integrated wealth management, trust and banking services to individuals, families, businesses and nonprofits, today sent a letter to Boston Private’s shareholders regarding the previously announced definitive merger agreement with SVB Financial Group (NASDAQ: SIVB) (“SVB Financial”). The letter underscores how the SVB Financial transaction provides
BOSTON--(BUSINESS WIRE)--Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) (“Boston Private”), a leading provider of integrated wealth management, trust, and banking services, today announced the expansion of its Miami, FL office, more than doubling the size of the firm’s space in the Four Seasons Hotel Office Tower just one year after opening the office. Boston Private announced the opening of its office in Miami’s Brickell neighborhood in January of 2020. The firm is now expanding its ph
BOSTON--(BUSINESS WIRE)--Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) (“Boston Private”), a leading provider of integrated wealth management, trust and banking services, has announced the launch of its Mentorship and Preparedness Program (MAPP), created in partnership with the University of Chicago Booth School of Business. The executive education program, offered exclusively to the children and grandchildren of Boston Private clients, is an educational experience designed to provide
Boston Private Financial Holdings Inc. shares closed today at 0.2% below its 52 week high of $13.89, giving the company a market cap of $1B. The stock is currently up 64.8% year-to-date, up 23.1% over the past 12 months, and up 66.8% over the past five years. This week, the Dow Jones Industrial Average rose 1.1%, and the S&P 500 rose 1.3%. Trading Activity Trading volume this week was 57.3% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.2. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.The stock closed at 2.4% higher than its 5-day moving average, 6.6% higher than its 20-day moving average, and 55.6% higher than its 90-day moving average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by 553.5% The company's stock price performance over the past 12 months beats the peer average by 1036.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 234.4% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
NEW ORLEANS, Feb. 9, 2021 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Boston Private Financial Holdings, Inc. (NasdaqGS: BPFH) to SVB Financial Group (NasdaqGS:…
Boston Private Financial Holdings Inc. shares closed today at 0.8% below its 52 week high of $13.27, giving the company a market cap of $1B. The stock is currently up 56.6% year-to-date, up 16.4% over the past 12 months, and up 61.6% over the past five years. This week, the Dow Jones Industrial Average rose 3.9%, and the S&P 500 rose 4.8%. Trading Activity Trading volume this week was 13.0% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.2. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock priceperformance year-to-date beats the peer average by 597.5% The company's stock price performance over the past 12 months beats the peer average by -1810.1% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 222.4% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
BOSTON--(BUSINESS WIRE)--Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) (“Boston Private”), a leading provider of integrated wealth management, trust and banking services to individuals, families, businesses and nonprofits, today confirmed that HoldCo Opportunities Fund III, L.P. (“HoldCo Fund”) has delivered a notice that purports to nominate five nominees for election to the Boston Private board of directors at the 2021 annual meeting of Boston Private shareholders. Boston Private wil
The investment fund HoldCo Asset Management said SVB Financial Group's $900 million acquisition “substantially undervalues” Boston Private Financial Holdings.
BOSTON--(BUSINESS WIRE)--Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) (the “Company” or “Boston Private”) today reported fourth quarter 2020 Net income attributable to the Company of $25.0 million, compared to $22.7 million for the third quarter of 2020 and $21.2 million for the fourth quarter of 2019. Fourth quarter 2020 Diluted earnings per share were $0.30, compared to $0.28 in the third quarter of 2020 and $0.26 in the fourth quarter of 2019. "Fourth quarter 2020 results were posi
Boston Private Financial Holdings Inc. shares closed today at 1.7% below its 52 week high of $12.92, giving the company a market cap of $1B. The stock is currently up 50.3% year-to-date, up 10.2% over the past 12 months, and up 52.6% over the past five years. This week, the Dow Jones Industrial Average fell 0.9%, and the S&P 500 fell 1.5%. Trading Activity Trading volume this week was 54.5% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.2. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought.The stock closed at 1.5% higher than its 5-day moving average, 26.7% higher than its 20-day moving average, and 73.0% higher than its 90-day moving average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock priceperformance year-to-date beats the peer average by 540.7% The company's stock price performance over the past 12 months beats the peer average by -358.0% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 202.9% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
NEW YORK, Jan. 14, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) concerning potential violations of the federal securities laws and/or breaches of…
Boston Private Financial Holdings Inc. shares closed this week 43.0% higher than it did at the end of last week. The stock is currently up 43.0% year-to-date, up 5.4% over the past 12 months, and up 34.2% over the past five years. This week, the Dow Jones Industrial Average rose 1.5%, and the S&P 500 rose 1.4%. Trading Activity Shares traded as high as $12.19 and as low as $8.16 this week.Trading volume this week was 14.2% lower than the 10-day average and 99.2% higher than the 30-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.2. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought. Market Comparative Performance The company's share price beats the S&P 500 Index this week, lags it on a 1-year basis, and lags it on a 5-year basis The company's share price beats the Dow Jones Industrial Average this week, lags it on a 1-year basis, and lags it on a 5-year basis The company share price beats the performance of its peers in the Financials industry sector this week, beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock priceperformance year-to-date beats the peer average by 506.3% The company's stock price performance over the past 12 months beats the peer average by -187.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 192.8% higher than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Boston Private Financial Holdings, Inc. (NasdaqGS: BPFH) to SVB Financial Group (NasdaqGS: SIVB). Under the terms of the proposed transaction, shareholders of Boston Private will receive only 0.0228 shares of SVB common stock and $2.10 in cash for each share of Boston Private that they own. KSF is seeking to d
In today’s top news in digital-first banking, Oxygen has completed a $17 million Series A funding round, while SVB Financial Group plans to acquire Boston Private Financial Holdings. Plus, China’s Banking and Insurance Regulatory Commission (CBIRC) is moving to build up at-risk rural banks. Digital Banking Startup Oxygen Secures $17 Million Series A Online banking […]
NEW YORK, Jan. 5, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Boston Private Financial Holdings, Inc. ("BPFH" or the "Company") (NASDAQ: BPFH) in connection with the proposed acquisition of…
Boston Private Financial Holdings shares surged after SVB Financial Group agreed to acquire the company for $900 million.
SVB Financial Group plans to acquire Boston Private Financial Holdings for about $900 million. The merger deal means that Boston Private shareholders would get 0.0228 shares of SVB common stock and $2.10 of cash for each Boston Private share they own, the companies said in a press release. The arrangement is based on SVB's closing stock […]
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) to SVB Financial Group is fair to Boston Private shareholders. Under the terms of the merger agreement, Boston Private shareholders will receive 0.0228 shares of SVB common stock and $2.10 of cash for each share of Boston Private they own. Halper Sadeh encourages Boston Private shareholders to click here to learn more about t
Silicon Valley Bank Financial Group recently agreed to buy Boston Private Financial Holdings in Boston for $900 mn in cash and stock. SVB…
BOSTON--(BUSINESS WIRE)--Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) (the “Company” or “BPFH”) today reported third quarter 2020 Net income attributable to the Company of $22.7 million, compared to Net loss attributable to the Company of $(3.3) million for the second quarter of 2020 and Net income attributable to the Company of $20.0 million for the third quarter of 2019. Third quarter 2020 Diluted earnings per share were $0.28, compared to Diluted loss per share of $(0.04) in the se
BOSTON--(BUSINESS WIRE)--Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) will report third quarter 2020 financial results after market close on Wednesday, October 21, 2020. Management will hold a conference call at 8 a.m. Eastern Time on Thursday, October 22, 2020 to discuss the financial results, business highlights and outlook. To access the call: Dial In #: (888) 317-6003 Elite Entry Number: 0457772 Replay Information: Available from October 22 at 12 noon until October 29 Dial In #: (8
Boston Private Financial (NASDAQ:BPFH): Q2 GAAP EPS of -$0.04 misses by $0.10. Revenue of $81.6M (-0.3% Y/Y) beats by $0.85M. Press Release
Boston Private Financial (BPFH) delivered earnings and revenue surprises of -93.75% and -1.72%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
BOSTON--(BUSINESS WIRE)--Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) (the “Company” or “BPFH”) today reported first quarter 2020 Net income attributable to the Company of $0.8 million, compared to $21.2 million for the fourth quarter of 2019 and $19.4 million for the first quarter of 2019. First quarter 2020 Diluted earnings per share were $0.01, compared to $0.26 in the fourth quarter of 2019 and $0.25 in the first quarter of 2019. “I am extremely proud of the commitment and dedicat
Boston Private (BPFH) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Boston Private Financial (BPFH) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
BOSTON--(BUSINESS WIRE)--Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) will report first quarter 2020 financial results after market close on Wednesday, April 29, 2020. Management will hold a conference call at 8 a.m. Eastern Time on Thursday, April 30, 2020 to discuss the financial results, business highlights and outlook. To access the call: Dial In #: (888) 317-6003 Elite Entry Number: 6465914 Replay Information: Available from April 30 at 12 noon until May 7 Dial In #: (877) 344-75
BOSTON--(BUSINESS WIRE)--Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) (the “Company” or “Boston Private”) announced today that, in accordance with orders issued by the Governor of the Commonwealth of Massachusetts, the Company’s 2020 Annual Meeting of Shareholders (the “Annual Meeting”) will be held solely through remote audio access via a webcast. The previously announced date and time of the Annual Meeting (April 23, 2020 at 10:00 a.m., Eastern Time) have not changed. Shareholders w
BOSTON--(BUSINESS WIRE)--Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) (“Boston Private” or the “Company”), a leading provider of integrated wealth management, trust and banking services, today announced that the Company previously granted equity awards, representing an aggregate of 84,682 shares of its common stock, to 13 employees between February 2015 and August 2017 in order to induce such individuals to commence employment with Boston Private. The awards were made under the Boston
The following slide deck was published by Boston Private Financial Holdings, Inc. in conjunction with their 2020 Q4 earnings call.
Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) Q4 2019 Earnings Conference Call January 23, 2020 8:00 AM ET Company Participants Adam Bromley – Director-
Boston Private Financial (NASDAQ:BPFH): Q4 Non-GAAP EPS of $0.25 beats by $0.03; GAAP EPS of $0.26 beats by $0.04. Revenue of $82.92M (-21.7% Y/Y) beats by
BOSTON--(BUSINESS WIRE)--Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) (the “Company” or “BPFH”) today reported fourth quarter 2019 Net income attributable to the Company of $21.2 million, compared to $20.0 million for the third quarter of 2019 and $33.3 million for the fourth quarter of 2018. Fourth quarter 2019 Diluted earnings per share were $0.26, compared to $0.24 in the third quarter of 2019 and $0.42 in the fourth quarter of 2018. "Our fourth quarter results reflect linked quart
BOSTON--(BUSINESS WIRE)--Boston Private Financial Holdings, Inc. (NASDAQ: BPFH) will report fourth quarter and full year 2019 financial results after market close on Wednesday, January 22, 2020. Management will hold a conference call at 8 a.m. Eastern Time on Thursday, January 23, 2020 to discuss the financial results, business highlights and outlook. To access the call: Dial In #: (888) 317-6003Elite Entry Number: 8476896 Replay Information:Available from January 23 at 12 noon until January 30
Boston Private Financial (BPFH) delivered earnings and revenue surprises of 0.00% and -1.36%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Boston Private Financial (BPFH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Boston Private Financial (BPFH) delivered earnings and revenue surprises of -8.33% and -4.00%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Boston Private Financial (BPFH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Boston Private Financial (BPFH) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Boston Private Financial (BPFH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.