Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, July 4th. The firm presently has a $17.00 target price on the bank’s stock. Zacks Investment Research‘s target price points to a potential upside of 10.39% from the company’s previous close.

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 weighed in on BPFH. ValuEngine raised shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Keefe, Bruyette & Woods set a $15.00 target price on shares of Boston Private Financial Holdings and gave the company a “hold” rating in a research note on Monday, April 10th. Jefferies Group LLC reissued a “hold” rating and set a $17.00 target price on shares of Boston Private Financial Holdings in a research note on Tuesday, April 4th. BMO Capital Markets reissued a “hold” rating and set a $16.00 target price on shares of Boston Private Financial Holdings in a research note on Friday, April 28th. Finally, BidaskClub raised shares of Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.60.

Boston Private Financial Holdings (BPFH) traded up 1.65% during midday trading on Tuesday, hitting $15.40. 206,415 shares of the stock were exchanged. Boston Private Financial Holdings has a 52 week low of $11.77 and a 52 week high of $17.88. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 18.18 and a beta of 1.06. The firm’s 50-day moving average is $15.35 and its 200 day moving average is $15.93.

Boston Private Financial Holdings (NASDAQ:BPFH) last issued its quarterly earnings results on Wednesday, July 26th. The bank reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $94.37 million during the quarter, compared to analyst estimates of $95.70 million. Boston Private Financial Holdings had a net margin of 18.86% and a return on equity of 10.16%. Equities research analysts expect that Boston Private Financial Holdings will post $0.89 EPS for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in shares of Boston Private Financial Holdings by 48,173.3% in the first quarter. BlackRock Inc. now owns 10,248,914 shares of the bank’s stock valued at $168,083,000 after buying an additional 10,227,683 shares during the period. Vanguard Group Inc. increased its stake in shares of Boston Private Financial Holdings by 6.3% in the first quarter. Vanguard Group Inc. now owns 7,591,429 shares of the bank’s stock valued at $124,500,000 after buying an additional 446,786 shares during the period. FMR LLC increased its stake in shares of Boston Private Financial Holdings by 23.2% in the first quarter. FMR LLC now owns 7,563,647 shares of the bank’s stock valued at $124,044,000 after buying an additional 1,422,619 shares during the period. Aberdeen Asset Management PLC UK increased its stake in shares of Boston Private Financial Holdings by 9.2% in the first quarter. Aberdeen Asset Management PLC UK now owns 3,418,710 shares of the bank’s stock valued at $56,067,000 after buying an additional 288,819 shares during the period. Finally, State Street Corp increased its stake in shares of Boston Private Financial Holdings by 12.1% in the first quarter. State Street Corp now owns 2,699,439 shares of the bank’s stock valued at $44,269,000 after buying an additional 291,949 shares during the period. 91.03% of the stock is owned by institutional investors and hedge funds.

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.

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