Boston Private Financial (NASDAQ:BPFH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

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. “

Separately, BidaskClub upgraded shares of Boston Private Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 25th. Three equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. The stock has a consensus rating of “Sell” and a consensus price target of $15.00.

NASDAQ:BPFH opened at $11.58 on Monday. The firm has a market capitalization of $987.22 million, a price-to-earnings ratio of 12.06 and a beta of 0.98. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.99 and a quick ratio of 0.99. Boston Private Financial has a 52 week low of $10.00 and a 52 week high of $17.85.

Boston Private Financial (NASDAQ:BPFH) last posted its quarterly earnings results on Wednesday, January 30th. The bank reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The business had revenue of $88.69 million during the quarter, compared to the consensus estimate of $90.20 million. Boston Private Financial had a net margin of 18.89% and a return on equity of 11.04%. During the same quarter in the previous year, the firm posted $0.22 earnings per share. On average, sell-side analysts anticipate that Boston Private Financial will post 0.94 earnings per share for the current fiscal year.

In other news, CEO Anthony Dechellis acquired 20,000 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was acquired at an average cost of $12.65 per share, with a total value of $253,000.00. Following the transaction, the chief executive officer now owns 141,879 shares in the company, valued at $1,794,769.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David J. Kaye sold 27,498 shares of Boston Private Financial stock in a transaction on Monday, November 19th. The stock was sold at an average price of $13.05, for a total transaction of $358,848.90. The disclosure for this sale can be found here. 2.11% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund purchased a new stake in shares of Boston Private Financial during the 4th quarter worth $32,000. SG Americas Securities LLC lifted its position in shares of Boston Private Financial by 17.8% during the 4th quarter. SG Americas Securities LLC now owns 82,000 shares of the bank’s stock worth $867,000 after purchasing an additional 12,404 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Boston Private Financial by 20.4% during the 4th quarter. Rhumbline Advisers now owns 247,515 shares of the bank’s stock worth $2,616,000 after purchasing an additional 41,963 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Boston Private Financial by 6.0% during the 4th quarter. Arizona State Retirement System now owns 129,940 shares of the bank’s stock worth $1,373,000 after purchasing an additional 7,319 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in shares of Boston Private Financial during the 4th quarter worth $82,000. 94.30% of the stock is owned by institutional investors and hedge funds.

Boston Private Financial Company Profile

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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