Boston Private Financial Holdings, Inc. (BPFH) Receives Consensus Rating of “Hold” from Analysts

Shares of Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) have been assigned an average rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $15.67.

A number of research firms recently weighed in on BPFH. Zacks Investment Research upgraded shares of Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 target price on shares of Boston Private Financial Holdings in a research note on Tuesday, October 3rd. BMO Capital Markets restated a “hold” rating and set a $15.00 target price on shares of Boston Private Financial Holdings in a research note on Thursday, October 5th. ValuEngine upgraded shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Finally, BidaskClub cut shares of Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its holdings in Boston Private Financial Holdings by 48,173.3% in the 1st quarter. BlackRock Inc. now owns 10,248,914 shares of the bank’s stock valued at $168,083,000 after acquiring an additional 10,227,683 shares during the last quarter. Vanguard Group Inc. increased its holdings in Boston Private Financial Holdings by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 7,743,515 shares of the bank’s stock valued at $118,863,000 after acquiring an additional 152,086 shares during the last quarter. FMR LLC increased its holdings in Boston Private Financial Holdings by 23.2% in the 1st quarter. FMR LLC now owns 7,563,647 shares of the bank’s stock valued at $124,044,000 after acquiring an additional 1,422,619 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Boston Private Financial Holdings by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,287,164 shares of the bank’s stock valued at $81,159,000 after acquiring an additional 62,385 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK increased its holdings in Boston Private Financial Holdings by 3.3% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 3,533,210 shares of the bank’s stock valued at $54,235,000 after acquiring an additional 114,500 shares during the last quarter. Institutional investors own 89.87% of the company’s stock.

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Boston Private Financial Holdings (NASDAQ:BPFH) opened at 16.50 on Thursday. Boston Private Financial Holdings has a 12-month low of $12.45 and a 12-month high of $17.88. The company has a market cap of $1.39 billion, a PE ratio of 19.43 and a beta of 1.09. The stock has a 50 day moving average of $15.71 and a 200 day moving average of $15.43.

Boston Private Financial Holdings (NASDAQ:BPFH) last released its earnings results 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 company had revenue of $94.37 million for the quarter, compared to analysts’ expectations of $95.70 million. Equities analysts expect that Boston Private Financial Holdings will post $0.90 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, November 3rd will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.67%. Boston Private Financial Holdings’s dividend payout ratio is currently 51.16%.

About Boston Private Financial Holdings

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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