Trading Report: Today: Boston Private Financial Holdings Inc. (BPFH) Lowered by Jefferies Group to “Hold”

Today: Boston Private Financial Holdings Inc. (BPFH) Lowered by Jefferies Group to “Hold”

Boston Private Financial Holdings Inc. (NASDAQ:BPFH) was downgraded by equities researchers at Jefferies Group from a “buy” rating to a “hold” rating in a report released on Monday.

A number of other analysts also recently commented on the company. Zacks Investment Research upgraded Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Thursday, October 13th. Deutsche Bank AG upped their target price on Boston Private Financial Holdings from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Tuesday, October 11th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.00.

Boston Private Financial Holdings (NASDAQ:BPFH) traded down 5.14% during trading on Monday, reaching $14.75. The company’s stock had a trading volume of 678,772 shares. The firm has a market capitalization of $1.23 billion, a P/E ratio of 18.91 and a beta of 0.99. The stock has a 50-day moving average of $13.69 and a 200 day moving average of $12.65. Boston Private Financial Holdings has a one year low of $9.34 and a one year high of $15.90.

Boston Private Financial Holdings (NASDAQ:BPFH) last posted its quarterly earnings results on Thursday, October 20th. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. Boston Private Financial Holdings had a return on equity of 9.11% and a net margin of 19.70%. On average, equities research analysts predict that Boston Private Financial Holdings will post $0.82 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Friday, November 4th were issued a $0.10 dividend. The ex-dividend date was Wednesday, November 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 2.57%. Boston Private Financial Holdings’s payout ratio is 50.00%.

In related news, Director John Morton III sold 7,500 shares of the company’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $12.98, for a total value of $97,350.00. Following the completion of the transaction, the director now owns 30,308 shares of the company’s stock, valued at approximately $393,397.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider George G. Schwartz sold 10,000 shares of the company’s stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $13.00, for a total value of $130,000.00. Following the completion of the transaction, the insider now directly owns 132,035 shares of the company’s stock, valued at approximately $1,716,455. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Boston Private Financial Holdings by 2.6% in the second quarter. Vanguard Group Inc. now owns 6,672,665 shares of the company’s stock worth $78,604,000 after buying an additional 167,778 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of Boston Private Financial Holdings by 9.9% in the third quarter. BlackRock Fund Advisors now owns 5,884,891 shares of the company’s stock worth $75,503,000 after buying an additional 530,671 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Boston Private Financial Holdings by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,089,983 shares of the company’s stock worth $59,959,000 after buying an additional 227,800 shares during the last quarter. Macquarie Group Ltd. boosted its position in shares of Boston Private Financial Holdings by 2.8% in the second quarter. Macquarie Group Ltd. now owns 2,935,321 shares of the company’s stock worth $34,578,000 after buying an additional 78,958 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of Boston Private Financial Holdings by 0.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,263,562 shares of the company’s stock worth $29,042,000 after buying an additional 20,806 shares during the last quarter. 93.20% of the stock is owned by institutional investors.

Boston Private Financial Holdings Company Profile

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