Zacks Investment Research upgraded shares of Boston Private Financial (NASDAQ:BPFH) from a sell rating to a hold rating in a research report report published on Wednesday morning, Zacks.com reports.

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. “

BPFH has been the topic of several other reports. BidaskClub raised Boston Private Financial from a hold rating to a buy rating in a research report on Thursday, September 12th. TheStreet downgraded Boston Private Financial from a b- rating to a c+ rating in a research report on Friday, August 23rd. Finally, ValuEngine raised Boston Private Financial from a sell rating to a hold rating in a research report on Friday, October 4th.

Shares of BPFH traded up $0.09 during midday trading on Wednesday, hitting $11.66. 384,000 shares of the company’s stock traded hands, compared to its average volume of 443,438. The firm’s fifty day moving average is $11.53 and its 200-day moving average is $11.27. The stock has a market capitalization of $964.78 million, a price-to-earnings ratio of 12.02 and a beta of 1.11. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.99. Boston Private Financial has a 1 year low of $9.77 and a 1 year high of $13.40.

Boston Private Financial (NASDAQ:BPFH) last announced its quarterly earnings results on Thursday, October 24th. The bank reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.02. The company had revenue of $81.28 million for the quarter, compared to the consensus estimate of $82.40 million. Boston Private Financial had a return on equity of 10.15% and a net margin of 22.40%. During the same period last year, the firm earned $0.25 EPS. On average, equities research analysts anticipate that Boston Private Financial will post 0.94 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend is Thursday, November 7th. Boston Private Financial’s dividend payout ratio (DPR) is presently 49.48%.

In other Boston Private Financial news, CFO Steven M. Gaven bought 3,800 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average cost of $10.53 per share, for a total transaction of $40,014.00. Following the transaction, the chief financial officer now directly owns 11,412 shares of the company’s stock, valued at $120,168.36. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP W. Timothy Macdonald sold 20,546 shares of the firm’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $11.25, for a total value of $231,142.50. Following the sale, the executive vice president now owns 113,851 shares in the company, valued at $1,280,823.75. The disclosure for this sale can be found here. 1.87% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Boston Private Financial by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 9,287,940 shares of the bank’s stock valued at $112,105,000 after acquiring an additional 75,868 shares during the period. Bank of New York Mellon Corp grew its position in shares of Boston Private Financial by 7.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,618,897 shares of the bank’s stock valued at $31,610,000 after acquiring an additional 176,682 shares during the period. Northern Trust Corp grew its position in shares of Boston Private Financial by 1.3% during the 2nd quarter. Northern Trust Corp now owns 1,660,378 shares of the bank’s stock valued at $20,041,000 after acquiring an additional 20,942 shares during the period. Banc Funds Co. LLC grew its position in shares of Boston Private Financial by 51.6% during the 2nd quarter. Banc Funds Co. LLC now owns 1,643,433 shares of the bank’s stock valued at $19,836,000 after acquiring an additional 559,170 shares during the period. Finally, Invesco Ltd. grew its position in shares of Boston Private Financial by 2.2% during the 2nd quarter. Invesco Ltd. now owns 1,634,578 shares of the bank’s stock valued at $19,729,000 after acquiring an additional 34,514 shares during the period. Hedge funds and other institutional investors own 91.68% 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. It operates in three segments: Private Banking, Wealth Management and Trust, and Affiliate Partners. The company accepts deposit products, such as checking accounts, savings and NOW accounts, money market accounts, and certificates of deposit.

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