Boston Private Financial Holdings, Inc. (BPFH) Upgraded by Zacks Investment Research to “Hold”
Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “Boston Private Bancorp, through its subsidiaries offers a full range of banking, commercial and residential lending, and trust and investment management services to its domestic and international clientele with a commitment to exceptional service. In the city of Boston, Boston Private Bank & Trust Company offers a First Time Homebuyer program, and “soft second” mortgage financing. Under its Accessible Banking program, the Bank is an active provider of real estate financing for affordable housing, economic development, and small businesses. “
Other research analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. BidaskClub upgraded shares of Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Jefferies Group LLC restated a “hold” rating and issued a $17.00 price target on shares of Boston Private Financial Holdings in a report on Friday, August 11th. BMO Capital Markets restated a “hold” rating and issued a $15.00 price target on shares of Boston Private Financial Holdings in a report on Thursday, October 5th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $15.00 price target on shares of Boston Private Financial Holdings in a report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.40.
Shares of Boston Private Financial Holdings (BPFH) traded up 0.60% during midday trading on Tuesday, hitting $16.90. 288,627 shares of the stock were exchanged. Boston Private Financial Holdings has a 12 month low of $12.45 and a 12 month high of $17.88. The firm has a 50 day moving average of $15.32 and a 200-day moving average of $15.40. The stock has a market cap of $1.42 billion, a P/E ratio of 19.91 and a beta of 1.09.
Boston Private Financial Holdings (NASDAQ:BPFH) last posted its quarterly earnings results on Wednesday, July 26th. The bank reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.05. The firm had revenue of $94.37 million for the quarter, compared to analysts’ expectations of $95.70 million. Boston Private Financial Holdings had a net margin of 18.86% and a return on equity of 10.16%. Equities research analysts anticipate that Boston Private Financial Holdings will post $0.90 EPS for the current year.
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Institutional investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. bought a new position in Boston Private Financial Holdings during the 1st quarter worth about $116,000. SG Americas Securities LLC grew its holdings in Boston Private Financial Holdings by 21.5% during the 1st quarter. SG Americas Securities LLC now owns 8,638 shares of the bank’s stock worth $142,000 after acquiring an additional 1,531 shares in the last quarter. Nordea Investment Management AB bought a new position in Boston Private Financial Holdings during the 1st quarter worth about $157,000. Amalgamated Bank grew its holdings in Boston Private Financial Holdings by 2.6% during the 2nd quarter. Amalgamated Bank now owns 11,386 shares of the bank’s stock worth $175,000 after acquiring an additional 290 shares in the last quarter. Finally, Washington Trust Bank bought a new position in Boston Private Financial Holdings during the 2nd quarter worth about $259,000. Institutional investors own 90.62% of the company’s stock.
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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