Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Wednesday.
BPFH has been the subject of several other research reports. Zacks Investment Research lowered shares of Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. ValuEngine upgraded shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. BMO Capital Markets restated a “hold” rating and set a $18.00 price target on shares of Boston Private Financial Holdings in a research note on Wednesday, March 22nd. Keefe, Bruyette & Woods set a $15.00 price target on shares of Boston Private Financial Holdings and gave the stock a “hold” rating in a research note on Monday, April 10th. Finally, Jefferies Group LLC restated a “hold” rating and set a $17.00 price target on shares of Boston Private Financial Holdings in a research note on Tuesday, April 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $15.60.
Boston Private Financial Holdings (BPFH) traded up 0.495% during trading on Wednesday, hitting $15.225. The stock had a trading volume of 202,959 shares. The firm has a market capitalization of $1.28 billion, a PE ratio of 20.007 and a beta of 1.06. The firm has a 50 day moving average price of $15.26 and a 200-day moving average price of $16.01. Boston Private Financial Holdings has a 1-year low of $11.77 and a 1-year high of $17.88.
Boston Private Financial Holdings (NASDAQ:BPFH) last issued its quarterly earnings results on Wednesday, April 26th. The bank reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.07. Boston Private Financial Holdings had a return on equity of 9.43% and a net margin of 17.49%. The company had revenue of $90.15 million for the quarter, compared to analysts’ expectations of $93.40 million. On average, equities research analysts expect that Boston Private Financial Holdings will post $0.88 EPS for the current year.
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In other Boston Private Financial Holdings news, Director Stephen M. Waters sold 9,000 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $15.46, for a total value of $139,140.00. Following the completion of the transaction, the director now directly owns 39,093 shares of the company’s stock, valued at approximately $604,377.78. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.07% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Aperio Group LLC increased its position in shares of Boston Private Financial Holdings by 29.4% in the second quarter. Aperio Group LLC now owns 50,938 shares of the bank’s stock valued at $782,000 after buying an additional 11,572 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Boston Private Financial Holdings by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 34,300 shares of the bank’s stock valued at $527,000 after buying an additional 100 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Boston Private Financial Holdings by 50.3% in the second quarter. State of Alaska Department of Revenue now owns 23,770 shares of the bank’s stock valued at $363,000 after buying an additional 7,960 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Boston Private Financial Holdings by 1.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 57,712 shares of the bank’s stock valued at $946,000 after buying an additional 913 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Boston Private Financial Holdings by 16.3% in the first quarter. AQR Capital Management LLC now owns 362,174 shares of the bank’s stock valued at $5,939,000 after buying an additional 50,635 shares during the last quarter. 90.32% of the stock is owned by hedge funds and other institutional investors.
Boston Private Financial Holdings Company Profile
Boston Private Financial Holdings, Inc is the bank holding company of Boston Private Bank & Trust Company. The Company offers private banking and wealth management services to high net worth individuals, families, businesses and select institutions. Its segments include Private Banking, Wealth Management and Trust, Investment Management and Wealth Advisory.
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