Boston Private Financial Hldg Inc (BPFH) Stock Rating Upgraded by Zacks …

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Boston Private Financial Hldg Inc (NASDAQ:BPFH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, AnalystRatings.Net 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. “

A number of other brokerages also recently issued reports on BPFH. RBC Capital lowered their price target on Boston Private Financial Hldg from $14.00 to $13.00 and set a “sector perform” rating for the company in a report on Friday, September 11th. Panmure Gordon reaffirmed a “buy” rating and issued a $22.00 price target on shares of Boston Private Financial Hldg in a report on Sunday, September 20th. Sandler O’Neill lowered their price target on Boston Private Financial Hldg from $13.50 to $12.50 in a report on Friday, October 2nd. Jefferies Group lowered their price target on Boston Private Financial Hldg from $14.50 to $13.00 and set a “buy” rating for the company in a report on Tuesday, October 6th. Finally, FIG Partners downgraded Boston Private Financial Hldg from an “outperform” rating to a “market perform” rating in a report on Thursday, October 22nd. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Boston Private Financial Hldg currently has an average rating of “Hold” and a consensus price target of $13.94.

In other Boston Private Financial Hldg news, insider Peter J. Raimondi sold 70,388 shares of Boston Private Financial Hldg stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $11.54, for a total transaction of $812,277.52. Following the sale, the insider now directly owns 511,877 shares in the company, valued at approximately $5,907,060.58. The transaction was disclosed in a document filed with the Securities Exchange Commission, which is available through the SEC website. Also, insider Peter J. Raimondi sold 110,000 shares of Boston Private Financial Hldg stock in a transaction that occurred on Wednesday, December 2nd. The stock was sold at an average price of $12.05, for a total value of $1,325,500.00. Following the sale, the insider now owns 401,877 shares in the company, valued at $4,842,617.85. The disclosure for this sale can be found here.

Shares of Boston Private Financial Hldg (NASDAQ:BPFH) opened at 11.55 on Tuesday. The company has a 50-day moving average of $11.53 and a 200-day moving average of $12.11. The firm has a market capitalization of $966.18 million and a PE ratio of 16.04. Boston Private Financial Hldg has a 1-year low of $10.55 and a 1-year high of $13.82.

Boston Private Financial Hldg (NASDAQ:BPFH) last released its earnings results on Wednesday, October 21st. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.04. During the same quarter last year, the firm earned $0.22 EPS. The company had revenue of $85.90 million for the quarter, compared to analysts’ expectations of $47.46 million. Equities research analysts predict that Boston Private Financial Hldg will post $0.76 EPS for the current fiscal year.

Boston Private Financial Holdings, Inc. is the bank holding company of Boston Private Bank Trust Company. It is a wealth management company that offers a range of wealth management services to high net worth individuals, families, businesses, and select institutions. The Company conducts its business through its four segments: Private Banking, Wealth Management and Trust, Investment Management and Wealth Advisory. The Private Banking segment is engaged in providing private banking services to high net worth individuals, privately owned businesses, private partnerships, and nonprofit organizations. The Wealth Management and Trust segment provides wealth management solutions for high net worth individuals and families. The Investment Managers specialize in equity portfolios with products across the capitalization spectrum. The Wealth Advisory segment provides planning-based financial strategies to high net worth individuals and their families and non-profit institutions.

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Thursday, December 31st, 2015 EN

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