Boston Private Financial Holdings Inc. (NASDAQ:BPFH) has been given an average rating of “Hold” by the ten analysts that are presently covering the company. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $14.19.

BPFH has been the topic of several analyst reports. Zacks Investment Research upgraded Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Monday, June 13th. BMO Capital Markets reiterated a “market perform” rating and issued a $12.00 price objective on shares of Boston Private Financial Holdings in a research note on Wednesday, July 6th.

Shares of Boston Private Financial Holdings (NASDAQ:BPFH) traded down 0.24% during midday trading on Tuesday, hitting $12.51. The stock had a trading volume of 107,947 shares. The stock has a 50 day moving average price of $12.51 and a 200-day moving average price of $12.05. Boston Private Financial Holdings has a 52 week low of $9.34 and a 52 week high of $13.02. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 17.30 and a beta of 1.26.

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Boston Private Financial Holdings (NASDAQ:BPFH) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. Boston Private Financial Holdings had a return on equity of 8.33% and a net margin of 16.53%. During the same period last year, the company posted $0.20 EPS. Equities research analysts anticipate that Boston Private Financial Holdings will post $0.79 earnings per share for the current year.

In other Boston Private Financial Holdings news, EVP Martha Higgins sold 7,500 shares of the stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $12.67, for a total value of $95,025.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Clayton Deutsch sold 30,000 shares of the stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $12.84, for a total value of $385,200.00. Following the completion of the transaction, the chief executive officer now owns 801,121 shares in the company, valued at $10,286,393.64. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Boston Private Financial Holdings during the fourth quarter worth approximately $9,055,000. Granite Investment Partners LLC raised its position in shares of Boston Private Financial Holdings by 1.7% in the first quarter. Granite Investment Partners LLC now owns 552,228 shares of the company’s stock worth $6,323,000 after buying an additional 9,465 shares during the last quarter. Aperio Group LLC raised its position in shares of Boston Private Financial Holdings by 102.8% in the first quarter. Aperio Group LLC now owns 31,992 shares of the company’s stock worth $366,000 after buying an additional 16,219 shares during the last quarter. Nisa Investment Advisors L.L.C. purchased a new position in shares of Boston Private Financial Holdings during the first quarter worth approximately $696,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Boston Private Financial Holdings by 1.3% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 90,936 shares of the company’s stock worth $1,041,000 after buying an additional 1,200 shares during the last quarter. Hedge funds and other institutional investors own 90.80% of the company’s stock.

About Boston Private Financial Holdings

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