Boston Private Financial (NASDAQ:BPFH) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Thursday.

BPFH has been the subject of several other research reports. SunTrust Banks set a $17.00 price target on Boston Private Financial and gave the stock a “hold” rating in a research report on Friday, November 17th. ValuEngine lowered Boston Private Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Zacks Investment Research lowered Boston Private Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. BMO Capital Markets reissued a “hold” rating and issued a $15.00 target price on shares of Boston Private Financial in a research report on Thursday, October 5th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.00 target price on shares of Boston Private Financial in a research report on Tuesday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, Boston Private Financial currently has an average rating of “Hold” and an average target price of $16.20.

Boston Private Financial (NASDAQ:BPFH) traded down $0.05 on Thursday, hitting $15.80. The stock had a trading volume of 343,524 shares, compared to its average volume of 302,137. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.20. The stock has a market cap of $1,330.00, a price-to-earnings ratio of 18.22 and a beta of 1.06. Boston Private Financial has a 12-month low of $13.95 and a 12-month high of $17.88.

Boston Private Financial (NASDAQ:BPFH) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $96.89 million during the quarter, compared to analysts’ expectations of $98.00 million. Boston Private Financial had a return on equity of 10.03% and a net margin of 18.44%. equities analysts anticipate that Boston Private Financial will post 0.89 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. Amalgamated Bank raised its position in Boston Private Financial by 2.6% in the 2nd quarter. Amalgamated Bank now owns 11,386 shares of the bank’s stock worth $175,000 after buying an additional 290 shares during the last quarter. Nordea Investment Management AB raised its position in Boston Private Financial by 32.3% in the 2nd quarter. Nordea Investment Management AB now owns 12,700 shares of the bank’s stock worth $195,000 after buying an additional 3,100 shares during the last quarter. Everence Capital Management Inc. purchased a new position in Boston Private Financial in the 3rd quarter worth about $234,000. BlueCrest Capital Management Ltd purchased a new position in Boston Private Financial in the 2nd quarter worth about $261,000. Finally, Piedmont Investment Advisors LLC purchased a new position in Boston Private Financial in the 2nd quarter worth about $279,000. 95.51% of the stock is owned by institutional investors and hedge funds.

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Boston Private Financial 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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