Boston Private Financial Hldg Inc (BPFH) Receives Consensus Rating of “Hold” from Analysts

Boston Private Financial Hldg Inc (NASDAQ:BPFH) has received an average rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $16.00.

A number of research analysts have recently commented on the company. Zacks Investment Research lowered Boston Private Financial from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. BidaskClub lowered Boston Private Financial from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. BMO Capital Markets cut their price target on Boston Private Financial from $17.00 to $15.00 and set a “market perform” rating for the company in a report on Tuesday, July 24th. ValuEngine upgraded Boston Private Financial from a “sell” rating to a “hold” rating in a report on Friday, September 7th. Finally, TheStreet lowered Boston Private Financial from a “b-” rating to a “c+” rating in a report on Thursday, August 9th.

Shares of BPFH stock opened at $13.11 on Monday. Boston Private Financial has a 12 month low of $12.50 and a 12 month high of $17.85. The company has a market cap of $1.11 billion, a PE ratio of 14.90 and a beta of 0.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98.



Boston Private Financial (NASDAQ:BPFH) last issued its quarterly earnings results on Wednesday, October 17th. The bank reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Boston Private Financial had a return on equity of 11.27% and a net margin of 6.76%. The company had revenue of $91.96 million during the quarter, compared to analyst estimates of $92.03 million. During the same period in the previous year, the company earned $0.22 earnings per share. Equities analysts anticipate that Boston Private Financial will post 0.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 16th. Investors of record on Friday, November 2nd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.66%. Boston Private Financial’s payout ratio is 54.55%.

In related news, insider George G. Schwartz sold 6,205 shares of the company’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $14.20, for a total value of $88,111.00. Following the completion of the transaction, the insider now directly owns 152,557 shares in the company, valued at $2,166,309.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.11% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can acquired a new position in shares of Boston Private Financial in the second quarter valued at $170,000. CIBC World Markets Inc. acquired a new position in shares of Boston Private Financial in the first quarter valued at $238,000. SG Americas Securities LLC acquired a new position in shares of Boston Private Financial in the second quarter valued at $255,000. Tower Research Capital LLC TRC raised its stake in shares of Boston Private Financial by 17,205.0% in the second quarter. Tower Research Capital LLC TRC now owns 17,305 shares of the bank’s stock valued at $275,000 after purchasing an additional 17,205 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Boston Private Financial in the second quarter valued at $283,000. Institutional investors and hedge funds own 92.48% of the company’s stock.

Boston Private Financial Company Profile

Boston Private Financial Holdings, Inc operates as the bank holding company for Boston Private Bank & Trust Company that provides a range of banking services in the United States. The company operates through four segments: Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory.

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