Keefe, Bruyette & Woods Reaffirms “Hold” Rating for Boston Private Financial (BPFH)

Boston Private Financial (NASDAQ:BPFH)‘s stock had its “hold” rating reaffirmed by research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Friday. They currently have a $16.00 price objective on the bank’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 2.56% from the stock’s previous close.

A number of other analysts have also weighed in on BPFH. Zacks Investment Research lowered shares of Boston Private Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. BMO Capital Markets reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Boston Private Financial in a research note on Thursday, October 5th. SunTrust Banks set a $17.00 price objective on shares of Boston Private Financial and gave the stock a “hold” rating in a research note on Friday, November 17th. BidaskClub lowered shares of Boston Private Financial from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, Sandler O’Neill set a $17.00 price objective on shares of Boston Private Financial and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.50.

Shares of Boston Private Financial (BPFH) traded down $0.05 on Friday, hitting $15.60. 450,406 shares of the stock were exchanged, compared to its average volume of 454,246. Boston Private Financial has a 1 year low of $13.95 and a 1 year high of $17.88. The stock has a market capitalization of $1,331.00, a price-to-earnings ratio of 36.28 and a beta of 1.06. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.01 and a quick ratio of 1.01.

Boston Private Financial (NASDAQ:BPFH) last released its quarterly earnings data on Wednesday, January 17th. The bank reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). Boston Private Financial had a return on equity of 9.91% and a net margin of 9.58%. The business had revenue of $96.45 million during the quarter, compared to analysts’ expectations of $100.07 million. During the same period last year, the company earned $0.24 earnings per share. equities analysts forecast that Boston Private Financial will post 1.03 EPS for the current year.

A number of institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. raised its holdings in Boston Private Financial by 7.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 584,077 shares of the bank’s stock worth $9,024,000 after purchasing an additional 42,595 shares in the last quarter. Royce & Associates LP raised its holdings in Boston Private Financial by 12.3% in the third quarter. Royce & Associates LP now owns 962,806 shares of the bank’s stock worth $15,934,000 after purchasing an additional 105,316 shares in the last quarter. Cramer Rosenthal Mcglynn LLC raised its holdings in Boston Private Financial by 1.4% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,390,850 shares of the bank’s stock worth $23,019,000 after purchasing an additional 18,865 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Boston Private Financial by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 5,315,058 shares of the bank’s stock worth $87,964,000 after purchasing an additional 27,894 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Boston Private Financial by 37.0% in the third quarter. Wells Fargo & Company MN now owns 124,524 shares of the bank’s stock worth $2,061,000 after purchasing an additional 33,640 shares in the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

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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.

Analyst Recommendations for Boston Private Financial (NASDAQ:BPFH)

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