Zacks Investment Research upgraded shares of Boston Private Financial Holdings Inc. (NASDAQ:BPFH) from a hold rating to a buy rating in a report published on Thursday. Zacks Investment Research currently has $15.00 price target on the stock.

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. “

BPFH has been the subject of several other reports. Deutsche Bank AG upped their price objective on Boston Private Financial Holdings from $12.00 to $13.00 and gave the stock a hold rating in a research report on Tuesday. BMO Capital Markets reaffirmed a market perform rating and set a $12.00 price objective on shares of Boston Private Financial Holdings in a research report on Wednesday, July 6th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $14.63.

Shares of Boston Private Financial Holdings (NASDAQ:BPFH) traded up 0.039% on Thursday, reaching $12.855. The company had a trading volume of 153,452 shares. The firm has a market capitalization of $1.07 billion, a P/E ratio of 17.780 and a beta of 1.30. The company’s 50-day moving average price is $12.79 and its 200 day moving average price is $12.25. Boston Private Financial Holdings has a 52 week low of $9.34 and a 52 week high of $13.44.

Boston Private Financial Holdings (NASDAQ:BPFH) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. Boston Private Financial Holdings had a return on equity of 8.33% and a net margin of 16.53%. During the same quarter in the prior year, the business posted $0.20 EPS. On average, analysts expect that Boston Private Financial Holdings will post $0.79 EPS for the current year.

In other Boston Private Financial Holdings news, CEO Corey Griffin bought 5,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was acquired at an average cost of $12.04 per share, with a total value of $60,200.00. Following the purchase, the chief executive officer now owns 45,468 shares in the company, valued at approximately $547,434.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Martha Higgins sold 7,500 shares of the stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $12.67, for a total value of $95,025.00. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Endeavour Capital Advisors Inc. increased its position in shares of Boston Private Financial Holdings by 299.3% in the first quarter. Endeavour Capital Advisors Inc. now owns 1,290,573 shares of the company’s stock worth $14,777,000 after buying an additional 967,398 shares during the period. Ameriprise Financial Inc. increased its position in Boston Private Financial Holdings by 215.4% in the second quarter. Ameriprise Financial Inc. now owns 1,227,299 shares of the company’s stock valued at $14,457,000 after buying an additional 838,135 shares during the last quarter. Aberdeen Asset Management PLC UK increased its position in Boston Private Financial Holdings by 38.6% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,859,872 shares of the company’s stock valued at $21,908,000 after buying an additional 518,386 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Boston Private Financial Holdings by 123.8% in the second quarter. Thrivent Financial for Lutherans now owns 489,050 shares of the company’s stock valued at $5,761,000 after buying an additional 270,520 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Boston Private Financial Holdings by 32.7% in the second quarter. Royal Bank of Canada now owns 1,056,062 shares of the company’s stock valued at $12,440,000 after buying an additional 260,173 shares during the last quarter. 90.11% of the stock is owned by institutional investors and hedge funds.

Boston Private Financial Holdings Company Profile

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