Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) has earned an average rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $15.25.

A number of research analysts have weighed in on the company. Zacks Investment Research raised Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Tuesday, July 4th. BidaskClub raised Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. ValuEngine raised Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $17.00 target price on shares of Boston Private Financial Holdings in a report on Friday, August 11th.

Shares of Boston Private Financial Holdings (BPFH) opened at 14.60 on Wednesday. Boston Private Financial Holdings has a 52-week low of $12.39 and a 52-week high of $17.88. The firm has a 50-day moving average of $15.06 and a 200 day moving average of $15.73. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 17.20 and a beta of 1.06.

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

The business also recently announced a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Wednesday, August 9th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Monday, August 7th. Boston Private Financial Holdings’s payout ratio is presently 51.16%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Tennessee Treasury Department raised its position in Boston Private Financial Holdings by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 79,366 shares of the bank’s stock worth $1,302,000 after buying an additional 11,978 shares during the last quarter. Virginia Retirement Systems ET AL raised its position in Boston Private Financial Holdings by 111.4% in the first quarter. Virginia Retirement Systems ET AL now owns 52,000 shares of the bank’s stock worth $853,000 after buying an additional 27,400 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in Boston Private Financial Holdings by 30.5% in the first quarter. Parametric Portfolio Associates LLC now owns 178,795 shares of the bank’s stock worth $2,932,000 after buying an additional 41,796 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Boston Private Financial Holdings during the first quarter valued at approximately $646,000. Finally, Meadow Creek Investment Management LLC raised its position in shares of 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 valued at $107,000 after buying an additional 504 shares during the last quarter. 90.62% of the stock is owned by institutional investors and hedge funds.

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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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