Boston Private Financial (NASDAQ:BPFH) Upgraded to “Sell” by BidaskClub

BidaskClub upgraded shares of Boston Private Financial (NASDAQ:BPFH) from a strong sell rating to a sell rating in a report published on Tuesday morning, BidAskClub reports.

Several other analysts also recently weighed in on the company. ValuEngine downgraded Boston Private Financial from a sell rating to a strong sell rating in a research note on Wednesday, March 20th. Zacks Investment Research upgraded Boston Private Financial from a hold rating to a strong-buy rating and set a $13.00 price target on the stock in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a strong buy rating to the company’s stock. Boston Private Financial has an average rating of Hold and an average price target of $14.00.

Boston Private Financial stock opened at $11.13 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.08. The stock has a market cap of $921.54 million, a price-to-earnings ratio of 11.47 and a beta of 0.99. Boston Private Financial has a fifty-two week low of $10.00 and a fifty-two week high of $17.40.

Boston Private Financial (NASDAQ:BPFH) last posted its quarterly earnings results on Wednesday, April 17th. The bank reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.05. The business had revenue of $82.62 million for the quarter, compared to the consensus estimate of $85.15 million. Boston Private Financial had a return on equity of 10.87% and a net margin of 18.42%. During the same quarter in the previous year, the business earned $0.27 EPS. On average, research analysts forecast that Boston Private Financial will post 0.97 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were issued a $0.12 dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.48 annualized dividend and a dividend yield of 4.31%. Boston Private Financial’s dividend payout ratio (DPR) is presently 49.48%.

Hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Boston Private Financial by 36.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,222 shares of the bank’s stock valued at $55,000 after buying an additional 1,401 shares during the period. Teton Advisors Inc. acquired a new position in shares of Boston Private Financial in the 1st quarter valued at about $110,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Boston Private Financial in the 4th quarter valued at about $116,000. Stone Ridge Asset Management LLC acquired a new position in shares of Boston Private Financial in the 4th quarter valued at about $120,000. Finally, LSV Asset Management acquired a new position in shares of Boston Private Financial in the 1st quarter valued at about $139,000. 91.60% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading: Asset Allocation and Your Retirement

Receive News & Ratings for Boston Private Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Private Financial and related companies with MarketBeat.com's FREE daily email newsletter.