BidaskClub cut shares of Boston Private Financial (NASDAQ:BPFH) from a sell rating to a strong sell rating in a report released on Thursday morning.

Other equities analysts also recently issued reports about the stock. ValuEngine downgraded shares of Boston Private Financial from a hold rating to a sell rating in a research note on Thursday, September 13th. Zacks Investment Research downgraded shares of Boston Private Financial from a buy rating to a hold rating in a research note on Thursday, November 1st. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $15.75.

NASDAQ BPFH opened at $11.06 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. Boston Private Financial has a 52-week low of $10.96 and a 52-week high of $17.85. The company has a market cap of $933.21 million, a PE ratio of 12.57 and a beta of 0.80.

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

The company also recently announced a quarterly dividend, which was paid on Friday, November 16th. Shareholders of record on Friday, November 2nd were paid a $0.12 dividend. The ex-dividend date was Thursday, November 1st. This represents a $0.48 annualized dividend and a yield of 4.34%. Boston Private Financial’s dividend payout ratio (DPR) is 54.55%.

In other Boston Private Financial news, CEO David J. Kaye sold 27,498 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $13.05, for a total value of $358,848.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Anthony Dechellis bought 20,000 shares of the stock in a transaction on 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 disclosure for this purchase can be found here. 2.11% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in BPFH. Bank of Montreal Can acquired a new stake in Boston Private Financial in the second quarter valued at approximately $170,000. Alpine Woods Capital Investors LLC acquired a new stake in Boston Private Financial in the third quarter valued at approximately $232,000. SG Americas Securities LLC acquired a new stake in Boston Private Financial in the second quarter valued at approximately $255,000. Tower Research Capital LLC TRC boosted its stake in Boston Private Financial by 17,205.0% in the second quarter. Tower Research Capital LLC TRC now owns 17,305 shares of the bank’s stock valued at $275,000 after acquiring an additional 17,205 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Boston Private Financial in the second quarter valued at approximately $283,000. Institutional investors own 94.17% of the company’s stock.

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.

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