BidaskClub cut shares of Boston Private Financial (NASDAQ:BPFH) from a buy rating to a hold rating in a research note issued to investors on Thursday.

Other analysts have also recently issued research reports about the stock. Jefferies Group reiterated a hold rating and issued a $17.00 price objective on shares of Boston Private Financial in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of Boston Private Financial from a sell rating to a hold rating in a research note on Tuesday, October 10th. BMO Capital Markets reiterated a hold rating and issued a $15.00 price objective on shares of Boston Private Financial in a research note on Thursday, October 5th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $15.00 price objective on shares of Boston Private Financial in a research note on Tuesday, October 3rd. Finally, ValuEngine cut shares of Boston Private Financial from a buy rating to a hold rating in a research note on Wednesday, September 6th. Seven investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of Hold and an average target price of $16.20.

Shares of Boston Private Financial (NASDAQ BPFH) opened at $15.80 on Thursday. Boston Private Financial has a 12 month low of $13.95 and a 12 month high of $17.88. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.20. The firm has a market cap of $1,331.01, a PE ratio of 18.16 and a beta of 1.06.

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

The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 3rd were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend was Thursday, November 2nd. Boston Private Financial’s payout ratio is presently 51.16%.

Several large investors have recently modified their holdings of BPFH. Amalgamated Bank raised its position in shares of Boston Private Financial by 2.6% in the 2nd quarter. Amalgamated Bank now owns 11,386 shares of the bank’s stock valued at $175,000 after buying an additional 290 shares in the last quarter. Nordea Investment Management AB raised its position in shares of Boston Private Financial by 32.3% in the 2nd quarter. Nordea Investment Management AB now owns 12,700 shares of the bank’s stock valued at $195,000 after buying an additional 3,100 shares in the last quarter. Everence Capital Management Inc. acquired a new position in shares of Boston Private Financial in the 3rd quarter valued at approximately $234,000. BlueCrest Capital Management Ltd acquired a new position in shares of Boston Private Financial in the 2nd quarter valued at approximately $261,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Boston Private Financial in the 2nd quarter valued at approximately $279,000. Institutional investors own 95.51% of the company’s stock.

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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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