Boston Private Financial Holdings, Inc. (BPFH) Given Average Rating of “Hold” by Brokerages

Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) has been assigned a consensus recommendation of “Hold” from the six research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $15.67.

Several analysts have recently weighed in on BPFH shares. BidaskClub downgraded Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BMO Capital Markets reissued a “hold” rating and issued a $15.00 target price on shares of Boston Private Financial Holdings in a report on Thursday, October 5th. Zacks Investment Research raised Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. ValuEngine downgraded Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.00 target price on shares of Boston Private Financial Holdings in a report on Tuesday, October 3rd.

Institutional investors and hedge funds have recently bought and sold shares of the business. Amalgamated Bank raised its stake in Boston Private Financial Holdings by 2.6% during the 2nd quarter. Amalgamated Bank now owns 11,386 shares of the bank’s stock valued at $175,000 after acquiring an additional 290 shares during the last quarter. Nordea Investment Management AB raised its stake in Boston Private Financial Holdings by 32.3% during the 2nd quarter. Nordea Investment Management AB now owns 12,700 shares of the bank’s stock valued at $195,000 after acquiring an additional 3,100 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in Boston Private Financial Holdings during the 3rd quarter valued at approximately $234,000. Washington Trust Bank purchased a new stake in Boston Private Financial Holdings during the 2nd quarter valued at approximately $259,000. Finally, BlueCrest Capital Management Ltd purchased a new stake in Boston Private Financial Holdings during the 2nd quarter valued at approximately $261,000. 89.74% of the stock is owned by hedge funds and other institutional investors.

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Shares of Boston Private Financial Holdings (NASDAQ:BPFH) opened at $15.05 on Monday. Boston Private Financial Holdings has a fifty-two week low of $13.95 and a fifty-two week high of $17.88. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $1,267.82, a PE ratio of 17.30 and a beta of 1.06.

Boston Private Financial Holdings (NASDAQ:BPFH) last posted its earnings results on Wednesday, October 18th. The bank reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). Boston Private Financial Holdings had a net margin of 18.44% and a return on equity of 10.03%. The firm had revenue of $96.89 million during the quarter, compared to analysts’ expectations of $98.00 million. analysts anticipate that Boston Private Financial Holdings will post 0.89 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, November 3rd will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend is Thursday, November 2nd. Boston Private Financial Holdings’s dividend payout ratio is presently 51.16%.

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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