Boston Private Financial (NASDAQ:BPFH) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, March 7th.
Several other equities analysts have also recently commented on BPFH. SunTrust Banks set a $17.00 price target on Boston Private Financial and gave the company a “hold” rating in a report on Friday, November 17th. BidaskClub cut Boston Private Financial from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $16.50 target price on shares of Boston Private Financial in a report on Friday, December 22nd. Sandler O’Neill set a $17.00 target price on Boston Private Financial and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Finally, Zacks Investment Research cut Boston Private Financial from a “hold” rating to a “sell” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Boston Private Financial currently has an average rating of “Hold” and an average target price of $16.50.
Boston Private Financial (NASDAQ:BPFH) traded down $0.03 during trading on Wednesday, reaching $15.52. The company’s stock had a trading volume of 37,347 shares, compared to its average volume of 403,887. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $1,314.52, a PE ratio of 36.16 and a beta of 1.03. Boston Private Financial has a 12-month low of $13.95 and a 12-month high of $17.20.
Boston Private Financial (NASDAQ:BPFH) last posted its quarterly earnings results on Wednesday, January 17th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $96.45 million during the quarter, compared to analyst estimates of $100.07 million. Boston Private Financial had a net margin of 9.58% and a return on equity of 9.95%. During the same period last year, the company earned $0.24 EPS. sell-side analysts expect that Boston Private Financial will post 0.93 earnings per share for the current year.
In other Boston Private Financial news, Director Mark F. Furlong purchased 5,700 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average cost of $15.24 per share, for a total transaction of $86,868.00. Following the transaction, the director now directly owns 12,175 shares in the company, valued at $185,547. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP W. Timothy Macdonald purchased 6,943 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average price of $15.14 per share, for a total transaction of $105,117.02. The disclosure for this purchase can be found here. Over the last three months, insiders bought 33,255 shares of company stock valued at $507,486. 2.07% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stone Ridge Asset Management LLC bought a new stake in Boston Private Financial during the 4th quarter worth approximately $169,000. CIBC Asset Management Inc bought a new stake in Boston Private Financial during the 4th quarter worth approximately $169,000. Verition Fund Management LLC bought a new stake in Boston Private Financial during the 4th quarter worth approximately $198,000. Xact Kapitalforvaltning AB bought a new stake in Boston Private Financial during the 4th quarter worth approximately $243,000. Finally, Koch Industries Inc. bought a new stake in Boston Private Financial during the 4th quarter worth approximately $253,000. Institutional investors and hedge funds own 92.60% of the company’s stock.
Boston Private Financial 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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