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.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Friday, April 7th. ValuEngine upgraded shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. BMO Capital Markets reiterated a “hold” rating and set a $16.00 target price on shares of Boston Private Financial Holdings in a report on Friday, April 28th. Keefe, Bruyette & Woods set a $15.00 target price on shares of Boston Private Financial Holdings and gave the stock a “hold” rating in a report on Monday, April 10th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $17.00 target price on shares of Boston Private Financial Holdings in a report on Tuesday, April 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.60.

Shares of Boston Private Financial Holdings (NASDAQ BPFH) traded down 0.66% on Wednesday, reaching $15.15. 216,365 shares of the company were exchanged. The company’s 50-day moving average is $15.30 and its 200-day moving average is $16.00. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 19.91 and a beta of 1.06. Boston Private Financial Holdings has a 52 week low of $11.77 and a 52 week high of $17.88.

Boston Private Financial Holdings (NASDAQ:BPFH) last issued its 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 business had revenue of $90.15 million for the quarter, compared to the consensus estimate of $93.40 million. On average, equities analysts expect that Boston Private Financial Holdings will post $0.88 EPS for the current fiscal year.

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In other news, Director Stephen M. Waters sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $15.46, for a total value of $139,140.00. Following the sale, the director now directly owns 39,093 shares in the company, valued at approximately $604,377.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.07% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Boston Private Financial Holdings by 48,173.3% in the first quarter. BlackRock Inc. now owns 10,248,914 shares of the bank’s stock valued at $168,083,000 after buying an additional 10,227,683 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Boston Private Financial Holdings by 6.3% in the first quarter. Vanguard Group Inc. now owns 7,591,429 shares of the bank’s stock valued at $124,500,000 after buying an additional 446,786 shares during the last quarter. FMR LLC raised its position in shares of Boston Private Financial Holdings by 23.2% in the first quarter. FMR LLC now owns 7,563,647 shares of the bank’s stock valued at $124,044,000 after buying an additional 1,422,619 shares during the last quarter. Aberdeen Asset Management PLC UK raised its position in shares of Boston Private Financial Holdings by 9.2% in the first quarter. Aberdeen Asset Management PLC UK now owns 3,418,710 shares of the bank’s stock valued at $56,067,000 after buying an additional 288,819 shares during the last quarter. Finally, State Street Corp raised its position in shares of Boston Private Financial Holdings by 12.1% in the first quarter. State Street Corp now owns 2,699,439 shares of the bank’s stock valued at $44,269,000 after buying an additional 291,949 shares during the last quarter. 90.32% of the stock is owned by hedge funds and other institutional investors.

About Boston Private Financial Holdings

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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