Boston Private Financial Holdings Inc. (NASDAQ:BPFH) was downgraded by stock analysts at Jefferies Group from a “buy” rating to a “hold” rating in a research report issued on Monday.

BPFH has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, October 4th. Deutsche Bank AG raised their price objective on shares of Boston Private Financial Holdings from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Tuesday, October 11th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $15.00.

Analyst Recommendations for Boston Private Financial Holdings (NASDAQ:BPFH)

Boston Private Financial Holdings (NASDAQ:BPFH) opened at 15.55 on Monday. Boston Private Financial Holdings has a 12 month low of $9.34 and a 12 month high of $15.90. The firm has a market capitalization of $1.29 billion, a PE ratio of 19.94 and a beta of 0.99. The firm has a 50-day moving average of $13.69 and a 200 day moving average of $12.65.

Boston Private Financial Holdings (NASDAQ:BPFH) last released its quarterly earnings data on Thursday, October 20th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Boston Private Financial Holdings had a net margin of 19.70% and a return on equity of 9.11%. Equities research analysts forecast that Boston Private Financial Holdings will post $0.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Friday, November 4th were issued a $0.10 dividend. The ex-dividend date was Wednesday, November 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.57%. Boston Private Financial Holdings’s payout ratio is 50.00%.

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In other news, EVP Martha Higgins sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $12.67, for a total value of $95,025.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Clayton Deutsch sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $12.84, for a total transaction of $385,200.00. Following the completion of the sale, the chief executive officer now owns 801,121 shares of the company’s stock, valued at $10,286,393.64. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA raised its stake in shares of Boston Private Financial Holdings by 118.6% in the second quarter. BNP Paribas Arbitrage SA now owns 25,802 shares of the company’s stock worth $304,000 after buying an additional 13,997 shares during the last quarter. CIBC World Markets Inc. acquired a new stake in shares of Boston Private Financial Holdings during the second quarter worth $565,000. S&CO Inc. acquired a new stake in shares of Boston Private Financial Holdings during the second quarter worth $139,000. Bank of Montreal Can acquired a new stake in shares of Boston Private Financial Holdings during the second quarter worth $2,422,000. Finally, Quantitative Systematic Strategies LLC raised its stake in shares of Boston Private Financial Holdings by 11.0% in the second quarter. Quantitative Systematic Strategies LLC now owns 14,580 shares of the company’s stock worth $167,000 after buying an additional 1,443 shares during the last quarter. Hedge funds and other institutional investors own 93.20% of the company’s stock.

About Boston Private Financial Holdings

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