Boston Private Financial (NASDAQ:BPFH) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Thursday.

BPFH has been the topic of a number of other reports. Jefferies Group reissued a “hold” rating and issued a $17.00 price objective on shares of Boston Private Financial in a research note on Friday, August 11th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.00 price objective on shares of Boston Private Financial in a research note on Tuesday, October 3rd. Zacks Investment Research raised Boston Private Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. SunTrust Banks set a $17.00 price objective on Boston Private Financial and gave the company a “hold” rating in a research note on Friday, November 17th. Finally, ValuEngine downgraded Boston Private Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Seven analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $16.20.

Boston Private Financial (NASDAQ:BPFH) traded down $0.05 during midday trading on Thursday, hitting $15.80. The company’s stock had a trading volume of 343,524 shares, compared to its average volume of 302,137. Boston Private Financial has a 1 year low of $13.95 and a 1 year high of $17.88. The company has a market cap of $1,330.00, a price-to-earnings ratio of 18.22 and a beta of 1.06. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.01 and a quick ratio of 1.01.

Boston Private Financial (NASDAQ:BPFH) last announced its quarterly earnings data on Wednesday, October 18th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The business had revenue of $96.89 million during the quarter, compared to analyst estimates of $98.00 million. Boston Private Financial had a net margin of 18.44% and a return on equity of 10.03%. analysts forecast that Boston Private Financial will post 0.89 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the stock. Royce & Associates LP raised its stake in Boston Private Financial by 12.3% during the 3rd quarter. Royce & Associates LP now owns 962,806 shares of the bank’s stock worth $15,934,000 after buying an additional 105,316 shares during the period. Cramer Rosenthal Mcglynn LLC raised its stake in shares of Boston Private Financial by 1.4% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,390,850 shares of the bank’s stock worth $23,019,000 after purchasing an additional 18,865 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Boston Private Financial by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 5,315,058 shares of the bank’s stock worth $87,964,000 after purchasing an additional 27,894 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Boston Private Financial by 13.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 541,482 shares of the bank’s stock worth $8,962,000 after purchasing an additional 63,490 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Boston Private Financial by 37.0% in the third quarter. Wells Fargo & Company MN now owns 124,524 shares of the bank’s stock worth $2,061,000 after purchasing an additional 33,640 shares during the last quarter. 95.51% of the stock is currently owned by institutional investors and hedge funds.

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Boston Private Financial 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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