Boston Private Financial Holdings, Inc. (NASDAQ:BPFH)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Group LLC in a research note issued to investors on Friday. They presently have a $17.00 price objective on the bank’s stock. Jefferies Group LLC’s price objective would suggest a potential upside of 16.44% from the stock’s previous close.

Several other equities research analysts also recently issued reports on BPFH. Zacks Investment Research upgraded shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, July 4th. BidaskClub upgraded shares of Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. BMO Capital Markets restated a “hold” rating and issued a $16.00 price objective on shares of Boston Private Financial Holdings in a research note on Friday, April 28th. Finally, ValuEngine upgraded shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. One 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 stock. Boston Private Financial Holdings currently has an average rating of “Hold” and a consensus price target of $15.60.

Shares of Boston Private Financial Holdings (NASDAQ:BPFH) traded down 0.68% on Friday, hitting $14.60. 262,503 shares of the stock traded hands. Boston Private Financial Holdings has a 12-month low of $11.77 and a 12-month high of $17.88. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 17.20 and a beta of 1.06. The stock has a 50-day moving average price of $15.27 and a 200 day moving average price of $15.87.

Boston Private Financial Holdings (NASDAQ:BPFH) last released its quarterly earnings results on Wednesday, July 26th. The bank reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.05. Boston Private Financial Holdings had a net margin of 18.86% and a return on equity of 10.16%. The company had revenue of $94.37 million for the quarter, compared to analyst estimates of $95.70 million. On average, analysts anticipate that Boston Private Financial Holdings will post $0.90 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of the company. Meadow Creek Investment Management LLC increased its stake in Boston Private Financial Holdings by 8.4% in the first quarter. Meadow Creek Investment Management LLC now owns 6,496 shares of the bank’s stock worth $107,000 after buying an additional 504 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Boston Private Financial Holdings during the first quarter worth $116,000. Glen Harbor Capital Management LLC increased its stake in Boston Private Financial Holdings by 8.4% in the first quarter. Glen Harbor Capital Management LLC now owns 7,888 shares of the bank’s stock worth $129,000 after buying an additional 612 shares in the last quarter. SG Americas Securities LLC increased its stake in Boston Private Financial Holdings by 21.5% in the first quarter. SG Americas Securities LLC now owns 8,638 shares of the bank’s stock worth $142,000 after buying an additional 1,531 shares in the last quarter. Finally, Nordea Investment Management AB acquired a new stake in Boston Private Financial Holdings during the first quarter worth $157,000. Hedge funds and other institutional investors own 91.17% of the company’s stock.

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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