Zacks Investment Research downgraded shares of Boston Private Financial (NASDAQ:BPFH) from a hold rating to a sell rating in a research report released on Friday.

According to Zacks, “Boston Private Bancorp, through its subsidiaries offers a full range of banking, commercial and residential lending, and trust and investment management services to its domestic and international clientele with a commitment to exceptional service. In the city of Boston, Boston Private Bank & Trust Company offers a First Time Homebuyer program, and “soft second” mortgage financing. Under its Accessible Banking program, the Bank is an active provider of real estate financing for affordable housing, economic development, and small businesses. “

Several other equities analysts also recently issued reports on the stock. BidaskClub raised shares of Boston Private Financial from a strong sell rating to a sell rating in a research note on Tuesday, December 25th. ValuEngine downgraded shares of Boston Private Financial from a hold rating to a sell rating in a research note on Thursday, September 13th. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company presently has a consensus rating of Sell and a consensus target price of $15.33.

Shares of NASDAQ:BPFH opened at $10.93 on Friday. The company has a market capitalization of $934.90 million, a P/E ratio of 12.42 and a beta of 0.94. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. Boston Private Financial has a one year low of $10.00 and a one year high of $17.85.

Boston Private Financial (NASDAQ:BPFH) last released its quarterly earnings results on Wednesday, October 17th. The bank reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The firm had revenue of $91.96 million during the quarter, compared to the consensus estimate of $92.03 million. Boston Private Financial had a net margin of 6.76% and a return on equity of 11.27%. During the same quarter last year, the firm earned $0.22 earnings per share. On average, research analysts forecast that Boston Private Financial will post 0.93 earnings per share for the current fiscal year.

In other Boston Private Financial news, CEO Anthony Dechellis purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, November 28th. The stock was purchased at an average price of $12.65 per share, with a total value of $253,000.00. Following the completion of the purchase, the chief executive officer now owns 141,879 shares of the company’s stock, valued at $1,794,769.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Paul M. Simons purchased 10,560 shares of the company’s stock in a transaction dated Wednesday, December 12th. The shares were acquired at an average cost of $11.35 per share, with a total value of $119,856.00. Following the purchase, the executive vice president now directly owns 300 shares of the company’s stock, valued at approximately $3,405. The disclosure for this purchase can be found here. 2.11% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its stake in Boston Private Financial by 9.6% during the second quarter. FMR LLC now owns 7,513,673 shares of the bank’s stock worth $119,467,000 after buying an additional 656,820 shares during the last quarter. BlackRock Inc. raised its stake in Boston Private Financial by 4.3% during the second quarter. BlackRock Inc. now owns 12,241,098 shares of the bank’s stock worth $194,632,000 after buying an additional 501,724 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Boston Private Financial by 7.1% during the third quarter. Dimensional Fund Advisors LP now owns 5,644,672 shares of the bank’s stock worth $77,049,000 after buying an additional 375,363 shares during the last quarter. Citadel Advisors LLC raised its stake in Boston Private Financial by 105.2% during the third quarter. Citadel Advisors LLC now owns 613,120 shares of the bank’s stock worth $8,369,000 after buying an additional 314,355 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Boston Private Financial by 24.4% during the third quarter. Bank of New York Mellon Corp now owns 1,582,394 shares of the bank’s stock worth $21,598,000 after buying an additional 309,984 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.

About Boston Private Financial

Boston Private Financial Holdings, Inc operates as the bank holding company for Boston Private Bank & Trust Company that provides a range of banking services in the United States. The company operates through four segments: Private Banking, Wealth Management and Trust, Investment Management, and Wealth Advisory.

Recommended Story: Is a Roth IRA right for you?

Get a free copy of the Zacks research report on Boston Private Financial (BPFH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Boston Private Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Private Financial and related companies with MarketBeat.com's FREE daily email newsletter.