Todays Report: Today: Boston Private Financial Holdings Inc. (BPFH) Earns “Hold” Rating from Jefferies Group

Today: Boston Private Financial Holdings Inc. (BPFH) Earns “Hold” Rating from Jefferies Group

Boston Private Financial Holdings Inc. (NASDAQ:BPFH)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Group in a research report issued on Monday.

Other equities analysts have also issued research reports about the company. Zacks Investment Research upgraded Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Thursday, October 13th. Deutsche Bank AG increased their price target on Boston Private Financial Holdings from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Tuesday, October 11th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $15.00.

Shares of Boston Private Financial Holdings (NASDAQ:BPFH) opened at 15.55 on Monday. Boston Private Financial Holdings has a one year low of $9.34 and a one year high of $15.90. The stock has a market cap of $1.29 billion, a PE ratio of 19.94 and a beta of 0.99. The stock’s 50 day moving average price is $13.69 and its 200-day moving average price is $12.65.

Boston Private Financial Holdings (NASDAQ:BPFH) last released its quarterly earnings results on Thursday, October 20th. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ 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 analysts predict that Boston Private Financial Holdings will post $0.82 earnings per share for the current fiscal year.

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

In other news, EVP Martha Higgins sold 7,500 shares of the firm’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $12.67, for a total transaction of $95,025.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Clayton Deutsch sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $12.84, for a total value of $385,200.00. Following the sale, the chief executive officer now directly owns 801,121 shares of the company’s stock, valued at $10,286,393.64. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in 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 period. BlackRock Fund Advisors increased its stake in 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 period. Dimensional Fund Advisors LP increased its stake in 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 period. Macquarie Group Ltd. increased its stake in 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 period. Finally, BlackRock Institutional Trust Company N.A. increased its stake in 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 period. 93.20% of the stock is owned by institutional investors.

About Boston Private Financial Holdings

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