Boston Private Financial Holdings, Inc. (NASDAQ:BPFH)‘s stock had its “hold” rating reaffirmed by investment analysts at Keefe, Bruyette & Woods in a research note issued to investors on Tuesday. They presently have a $15.00 target price on the bank’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential downside of 8.40% from the company’s previous close.

A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. ValuEngine downgraded shares of Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. BidaskClub downgraded shares of Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, August 19th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $17.00 price target on shares of Boston Private Financial Holdings in a research note on Friday, August 11th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Boston Private Financial Holdings has an average rating of “Hold” and a consensus target price of $15.40.

Shares of Boston Private Financial Holdings (BPFH) traded up 1.372% during mid-day trading on Tuesday, reaching $16.625. The company had a trading volume of 81,364 shares. Boston Private Financial Holdings has a 12-month low of $12.45 and a 12-month high of $17.88. The company has a market capitalization of $1.40 billion, a P/E ratio of 19.582 and a beta of 1.09. The firm has a 50-day moving average of $15.14 and a 200-day moving average of $15.39.

Boston Private Financial Holdings (NASDAQ:BPFH) last released its quarterly earnings results 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. Boston Private Financial Holdings had a net margin of 18.86% and a return on equity of 10.16%. The company had revenue of $94.37 million during the quarter, compared to the consensus estimate of $95.70 million. On average, equities analysts anticipate 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 made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Boston Private Financial Holdings by 48,173.3% during the first quarter. BlackRock Inc. now owns 10,248,914 shares of the bank’s stock valued at $168,083,000 after purchasing an additional 10,227,683 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Boston Private Financial Holdings by 2.0% during the second quarter. Vanguard Group Inc. now owns 7,743,515 shares of the bank’s stock valued at $118,863,000 after purchasing an additional 152,086 shares in the last quarter. FMR LLC increased its stake in shares of Boston Private Financial Holdings by 23.2% during the first quarter. FMR LLC now owns 7,563,647 shares of the bank’s stock valued at $124,044,000 after purchasing an additional 1,422,619 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Boston Private Financial Holdings by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 5,287,164 shares of the bank’s stock valued at $81,159,000 after purchasing an additional 62,385 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK increased its stake in shares of Boston Private Financial Holdings by 3.3% during the second quarter. Aberdeen Asset Management PLC UK now owns 3,533,210 shares of the bank’s stock valued at $54,235,000 after purchasing an additional 114,500 shares in the last quarter. 90.62% of the stock is 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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