Boston Private Financial (NASDAQ:BPFH) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Thursday.

Several other research firms have also issued reports on BPFH. Zacks Investment Research upgraded shares of Boston Private Financial from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Wednesday, April 4th. ValuEngine upgraded shares of Boston Private Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Sandler O’Neill set a $17.00 target price on shares of Boston Private Financial and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.00 target price on shares of Boston Private Financial in a research note on Friday, January 19th. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $16.50.

NASDAQ BPFH opened at $16.40 on Thursday. Boston Private Financial has a 1 year low of $13.95 and a 1 year high of $17.15. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $1,377.56, a PE ratio of 17.21 and a beta of 0.96.

Boston Private Financial (NASDAQ:BPFH) last posted its earnings results on Wednesday, April 18th. The bank reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.05. Boston Private Financial had a net margin of 11.01% and a return on equity of 10.85%. The firm had revenue of $96.82 million during the quarter, compared to analyst estimates of $94.75 million. During the same quarter in the prior year, the business posted $0.17 EPS. analysts forecast that Boston Private Financial will post 0.95 earnings per share for the current fiscal year.

In related news, CEO Corey Griffin purchased 5,000 shares of Boston Private Financial stock in a transaction that occurred on Tuesday, January 30th. The stock was bought at an average price of $15.19 per share, for a total transaction of $75,950.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Deborah F. Kuenstner sold 7,500 shares of the stock in a transaction dated Wednesday, April 25th. The shares were sold at an average price of $16.30, for a total transaction of $122,250.00. Following the transaction, the director now owns 126,051 shares of the company’s stock, valued at approximately $2,054,631.30. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 17,643 shares of company stock valued at $267,935. 2.11% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Boston Private Financial by 5.4% during the fourth quarter. BlackRock Inc. now owns 11,171,967 shares of the bank’s stock valued at $172,607,000 after buying an additional 575,050 shares during the period. Standard Life Aberdeen plc lifted its holdings in Boston Private Financial by 9.5% during the fourth quarter. Standard Life Aberdeen plc now owns 4,016,809 shares of the bank’s stock valued at $62,060,000 after purchasing an additional 349,673 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Boston Private Financial by 1.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,895,861 shares of the bank’s stock valued at $44,741,000 after purchasing an additional 40,781 shares during the last quarter. Millennium Management LLC lifted its holdings in Boston Private Financial by 7.4% during the fourth quarter. Millennium Management LLC now owns 1,732,971 shares of the bank’s stock valued at $26,774,000 after purchasing an additional 119,188 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC lifted its holdings in Boston Private Financial by 10.2% during the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 1,532,820 shares of the bank’s stock valued at $23,682,000 after purchasing an additional 141,970 shares during the last quarter. Institutional investors own 92.43% of the company’s stock.

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.

Analyst Recommendations for Boston Private Financial (NASDAQ:BPFH)

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