Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) Cut to “Hold” at ValuEngine

Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Wednesday, September 6th.

Several other brokerages also recently commented on BPFH. Zacks Investment Research downgraded Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. BidaskClub cut Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $17.00 target price on shares of Boston Private Financial Holdings in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Boston Private Financial Holdings presently has an average rating of “Hold” and a consensus price target of $15.60.

Shares of Boston Private Financial Holdings (NASDAQ BPFH) opened at 15.05 on Wednesday. The company’s 50 day moving average is $14.80 and its 200 day moving average is $15.50. Boston Private Financial Holdings has a one year low of $12.42 and a one year high of $17.88. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 17.73 and a beta of 1.07.

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

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A number of institutional investors have recently added to or reduced their stakes in BPFH. Meadow Creek Investment Management LLC raised its stake in 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. Ameritas Investment Partners Inc. purchased a new stake in Boston Private Financial Holdings in the first quarter valued at about $116,000. Glen Harbor Capital Management LLC raised its stake in Boston Private Financial Holdings by 8.4% in the first quarter. Glen Harbor Capital Management LLC now owns 7,888 shares of the bank’s stock valued at $129,000 after buying an additional 612 shares during the last quarter. SG Americas Securities LLC raised its stake in Boston Private Financial Holdings by 21.5% in the first quarter. SG Americas Securities LLC now owns 8,638 shares of the bank’s stock valued at $142,000 after buying an additional 1,531 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new stake in Boston Private Financial Holdings in the first quarter valued at about $157,000. Institutional investors own 90.62% of the company’s stock.

Boston Private Financial Holdings 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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