ValuEngine cut shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

Several other research analysts have also recently issued reports on BPFH. BidaskClub upgraded Boston Private Financial Holdings from a sell rating to a hold rating in a research report on Thursday, June 15th. Zacks Investment Research upgraded Boston Private Financial Holdings from a hold rating to a buy rating and set a $17.00 price objective for the company in a research report on Tuesday, July 4th. Finally, Jefferies Group LLC reiterated a hold rating and issued a $17.00 price objective on shares of Boston Private Financial Holdings in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company has an average rating of Hold and a consensus price target of $15.60.

Boston Private Financial Holdings (BPFH) opened at 14.55 on Wednesday. Boston Private Financial Holdings has a 12-month low of $12.41 and a 12-month high of $17.88. The stock’s 50 day moving average is $14.92 and its 200 day moving average is $15.60. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 17.14 and a beta of 1.07.

Boston Private Financial Holdings (NASDAQ:BPFH) last released its quarterly earnings data on Wednesday, July 26th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.05. The firm had revenue of $94.37 million during the quarter, compared to analysts’ expectations 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 forecast that Boston Private Financial Holdings will post $0.90 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Wednesday, August 9th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Monday, August 7th. Boston Private Financial Holdings’s dividend payout ratio is currently 51.16%.

Hedge funds have recently made changes to their positions in the company. Meadow Creek Investment Management LLC increased its position in shares of 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 in the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Boston Private Financial Holdings in the first quarter valued at $116,000. Glen Harbor Capital Management LLC increased its position in shares of 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 in the last quarter. SG Americas Securities LLC increased its position in shares of 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 in the last quarter. Finally, Nordea Investment Management AB purchased a new position in shares of Boston Private Financial Holdings in the first quarter valued at $157,000. Institutional investors and hedge funds 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.

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