Boston Private Financial Holdings, Inc. (BPFH) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) from a sell rating to a hold rating in a research report sent to investors 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. “

A number of other analysts have also commented on the stock. BidaskClub raised shares of Boston Private Financial Holdings from a sell rating to a hold rating in a report on Thursday, June 15th. ValuEngine lowered shares of Boston Private Financial Holdings from a buy rating to a hold rating in a report on Wednesday, September 6th. BMO Capital Markets reaffirmed a hold rating and set a $15.00 target price on shares of Boston Private Financial Holdings in a report on Thursday, October 5th. 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. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and set a $15.00 target price on shares of Boston Private Financial Holdings in a report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company. The stock has an average rating of Hold and a consensus price target of $16.00.

Boston Private Financial Holdings (BPFH) traded up 0.91% during midday trading on Tuesday, reaching $16.55. The company’s stock had a trading volume of 141,700 shares. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 19.49 and a beta of 1.09. Boston Private Financial Holdings has a 52-week low of $12.45 and a 52-week high of $17.88. The firm has a 50-day moving average price of $15.51 and a 200 day moving average price of $15.42.

Boston Private Financial Holdings (NASDAQ:BPFH) last released its earnings results on Wednesday, July 26th. The bank reported $0.27 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $94.37 million during the quarter, compared to analyst estimates of $95.70 million. Equities research analysts predict that Boston Private Financial Holdings will post $0.90 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently made changes to their positions in BPFH. BlackRock Inc. boosted its position in shares of Boston Private Financial Holdings by 48,173.3% during the first quarter. BlackRock Inc. now owns 10,248,914 shares of the bank’s stock worth $168,083,000 after purchasing an additional 10,227,683 shares in the last quarter. FMR LLC boosted its position in shares of Boston Private Financial Holdings by 23.2% during the first quarter. FMR LLC now owns 7,563,647 shares of the bank’s stock worth $124,044,000 after purchasing an additional 1,422,619 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Boston Private Financial Holdings by 6.3% during the first quarter. Vanguard Group Inc. now owns 7,591,429 shares of the bank’s stock worth $124,500,000 after purchasing an additional 446,786 shares in the last quarter. State Street Corp boosted its position in shares of Boston Private Financial Holdings by 12.1% during the first quarter. State Street Corp now owns 2,699,439 shares of the bank’s stock worth $44,269,000 after purchasing an additional 291,949 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Boston Private Financial Holdings by 30.7% during the second quarter. American Century Companies Inc. now owns 1,221,260 shares of the bank’s stock worth $18,746,000 after purchasing an additional 286,539 shares in the last quarter. 90.62% of the stock is currently owned by institutional investors.

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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