Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

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. “

BPFH has been the topic of a number of other research reports. BidaskClub cut shares of Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. ValuEngine raised shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Jefferies Group LLC reissued a “hold” rating and set a $17.00 price objective on shares of Boston Private Financial Holdings in a research report on Friday, August 11th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $15.00 price objective on shares of Boston Private Financial Holdings in a research report on Tuesday, October 3rd. Finally, BMO Capital Markets reissued a “hold” rating and set a $15.00 price objective on shares of Boston Private Financial Holdings in a research report on Thursday, October 5th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Boston Private Financial Holdings currently has a consensus rating of “Hold” and a consensus target price of $16.00.

Shares of Boston Private Financial Holdings (NASDAQ:BPFH) opened at 16.80 on Tuesday. The firm has a 50 day moving average price of $15.46 and a 200 day moving average price of $15.42. The firm has a market cap of $1.41 billion, a P/E ratio of 19.79 and a beta of 1.09. Boston Private Financial Holdings has a 1-year low of $12.45 and a 1-year high of $17.88.

Boston Private Financial Holdings (NASDAQ:BPFH) last released its quarterly earnings data on Wednesday, July 26th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.05. The company had revenue of $94.37 million for the quarter, compared to analysts’ expectations of $95.70 million. Boston Private Financial Holdings had a net margin of 18.86% and a return on equity of 10.16%. Analysts anticipate that Boston Private Financial Holdings will post $0.90 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its position in Boston Private Financial Holdings by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 1,390,310 shares of the bank’s stock valued at $22,801,000 after acquiring an additional 14,659 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Boston Private Financial Holdings by 6.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 489,902 shares of the bank’s stock valued at $8,035,000 after acquiring an additional 29,297 shares in the last quarter. Washington Trust Bank bought a new position in Boston Private Financial Holdings in the 2nd quarter valued at about $259,000. Victory Capital Management Inc. lifted its position in Boston Private Financial Holdings by 28.4% in the 2nd quarter. Victory Capital Management Inc. now owns 1,186,426 shares of the bank’s stock valued at $18,212,000 after acquiring an additional 262,435 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Boston Private Financial Holdings by 3.7% in the 1st quarter. Principal Financial Group Inc. now owns 651,420 shares of the bank’s stock valued at $10,683,000 after acquiring an additional 23,138 shares in the last quarter. 90.62% of the stock is currently owned by institutional investors and hedge funds.

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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