Boston Private Financial Holdings, Inc. (NASDAQ:BPFH)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Group LLC in a research report issued to clients and investors on Friday. They currently have a $17.00 price objective on the bank’s stock. Jefferies Group LLC’s target price points to a potential upside of 16.44% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. ValuEngine raised 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 raised shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Tuesday, July 4th. BidaskClub lowered shares of Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, BMO Capital Markets reissued a “hold” rating and set a $16.00 target price on shares of Boston Private Financial Holdings in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.60.

Boston Private Financial Holdings (NASDAQ:BPFH) opened at 14.60 on Friday. The company has a 50-day moving average price of $15.27 and a 200-day moving average price of $15.87. The company has a market capitalization of $1.23 billion, a PE ratio of 17.20 and a beta of 1.06. Boston Private Financial Holdings has a one year low of $11.77 and a one year high of $17.88.

Boston Private Financial Holdings (NASDAQ:BPFH) last posted its earnings results on Wednesday, July 26th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $95.70 million. Analysts expect that Boston Private Financial Holdings will post $0.90 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC increased its position in 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 during the period. Ameritas Investment Partners Inc. bought a new position in Boston Private Financial Holdings during the first quarter valued at $116,000. Glen Harbor Capital Management LLC increased its position in 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 during the period. SG Americas Securities LLC increased its position in 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 during the period. Finally, Nordea Investment Management AB bought a new position in Boston Private Financial Holdings during the first quarter valued at $157,000. Hedge funds and other institutional investors own 91.17% 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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