Boston Private Financial (BPFH) Rating Lowered to Strong Sell at BidaskClub

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Boston Private Financial (NASDAQ:BPFH) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Saturday, BidAskClub reports.

Several other research analysts have also recently weighed in on BPFH. Zacks Investment Research raised shares of Boston Private Financial from a “sell” rating to a “hold” rating in a report on Friday, January 18th. ValuEngine cut shares of Boston Private Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 20th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.00.

Shares of Boston Private Financial stock opened at $11.07 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $927.41 million, a price-to-earnings ratio of 11.41 and a beta of 0.96. Boston Private Financial has a 52-week low of $10.00 and a 52-week high of $17.85.

Boston Private Financial (NASDAQ:BPFH) last released its quarterly earnings data on Wednesday, April 17th. The bank reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. Boston Private Financial had a net margin of 18.42% and a return on equity of 10.87%. The firm had revenue of $82.62 million during the quarter, compared to analysts’ expectations of $85.15 million. During the same period in the previous year, the company earned $0.27 earnings per share. As a group, research analysts predict that Boston Private Financial will post 0.97 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BPFH. Oregon Public Employees Retirement Fund purchased a new position in shares of Boston Private Financial during the fourth quarter valued at approximately $32,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Boston Private Financial by 36.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,222 shares of the bank’s stock valued at $55,000 after purchasing an additional 1,401 shares during the last quarter. Quantamental Technologies LLC purchased a new position in shares of Boston Private Financial during the fourth quarter valued at approximately $82,000. Teton Advisors Inc. purchased a new position in shares of Boston Private Financial during the first quarter valued at approximately $110,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of Boston Private Financial during the fourth quarter valued at approximately $116,000. 92.11% of the stock is owned by hedge funds and other institutional investors.

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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