BMO Capital Markets reiterated their hold rating on shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) in a report issued on Thursday morning. BMO Capital Markets currently has a $15.00 price objective on the bank’s stock.

Other equities research analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Boston Private Financial Holdings from a hold rating to a buy rating in a research note on Wednesday, June 28th. Zacks Investment Research upgraded shares of Boston Private Financial Holdings from a hold rating to a buy rating and set a $17.00 price objective on the stock in a research note on Tuesday, July 4th. BidaskClub cut shares of Boston Private Financial Holdings from a hold rating to a sell rating in a research note on Wednesday, July 19th. Jefferies Group LLC restated a hold rating and set a $17.00 price objective on shares of Boston Private Financial Holdings in a research note on Friday, August 11th. Finally, Keefe, Bruyette & Woods restated a hold rating and set a $15.00 price objective on shares of Boston Private Financial Holdings in a research note on Tuesday, October 3rd. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $15.40.

Boston Private Financial Holdings (NASDAQ BPFH) opened at 16.60 on Thursday. Boston Private Financial Holdings has a one year low of $12.45 and a one year high of $17.88. The stock has a market cap of $1.40 billion, a P/E ratio of 19.55 and a beta of 1.09. The stock has a 50 day moving average of $15.25 and a 200-day moving average of $15.39.

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

TRADEMARK VIOLATION NOTICE: “Boston Private Financial Holdings’ (BPFH) Hold Rating Reiterated at BMO Capital Markets” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/10/09/boston-private-financial-holdings-bpfh-hold-rating-reiterated-at-bmo-capital-markets.html.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Phocas Financial Corp. raised its stake in shares of Boston Private Financial Holdings by 4.7% during the second quarter. Phocas Financial Corp. now owns 312,968 shares of the bank’s stock valued at $4,804,000 after purchasing an additional 13,961 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in shares of Boston Private Financial Holdings during the second quarter valued at about $279,000. Susquehanna International Group LLP bought a new stake in shares of Boston Private Financial Holdings during the second quarter valued at about $281,000. Scotia Capital Inc. raised its stake in shares of Boston Private Financial Holdings by 13.7% during the second quarter. Scotia Capital Inc. now owns 60,529 shares of the bank’s stock valued at $929,000 after purchasing an additional 7,309 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Boston Private Financial Holdings by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 64,077 shares of the bank’s stock valued at $984,000 after purchasing an additional 1,547 shares in the last quarter. 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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