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

BidaskClub downgraded shares of Boston Private Financial (NASDAQ:BPFH) from a sell rating to a strong sell rating in a report released on Saturday morning.

A number of other research analysts have also recently commented on BPFH. ValuEngine cut shares of Boston Private Financial from a hold rating to a sell rating in a report on Wednesday, July 25th. Zacks Investment Research cut shares of Boston Private Financial from a hold rating to a sell rating in a report on Friday, July 20th. Finally, BMO Capital Markets cut their price target on shares of Boston Private Financial from $17.00 to $15.00 and set a market perform rating on the stock in a report on Tuesday, July 24th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $16.80.

Boston Private Financial traded down $0.05, reaching $14.05, during mid-day trading on Friday, MarketBeat reports. 392,723 shares of the stock traded hands, compared to its average volume of 447,817. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.58. Boston Private Financial has a one year low of $13.95 and a one year high of $17.85. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 15.97 and a beta of 0.96.



Boston Private Financial (NASDAQ:BPFH) last posted its quarterly earnings data on Wednesday, July 18th. The bank reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.02). Boston Private Financial had a net margin of 6.97% and a return on equity of 10.48%. The firm had revenue of $89.64 million for the quarter, compared to the consensus estimate of $92.53 million. During the same quarter last year, the firm earned $0.27 EPS. equities research analysts expect that Boston Private Financial will post 0.94 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 17th. Stockholders of record on Friday, August 3rd will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, August 2nd. Boston Private Financial’s payout ratio is presently 54.55%.

In other news, insider George G. Schwartz sold 6,205 shares of the company’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $14.20, for a total value of $88,111.00. Following the transaction, the insider now directly owns 152,557 shares in the company, valued at $2,166,309.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen M. Waters sold 5,000 shares of the company’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $14.40, for a total transaction of $72,000.00. Following the completion of the transaction, the director now owns 24,093 shares in the company, valued at $346,939.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,808 shares of company stock worth $579,979. Company insiders own 2.11% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue grew its holdings in Boston Private Financial by 9.7% in the second quarter. State of Alaska Department of Revenue now owns 41,140 shares of the bank’s stock valued at $653,000 after purchasing an additional 3,630 shares during the last quarter. Teachers Advisors LLC grew its holdings in Boston Private Financial by 2.6% in the fourth quarter. Teachers Advisors LLC now owns 149,737 shares of the bank’s stock valued at $2,313,000 after purchasing an additional 3,835 shares during the last quarter. Rhumbline Advisers grew its holdings in Boston Private Financial by 2.0% in the first quarter. Rhumbline Advisers now owns 203,256 shares of the bank’s stock valued at $3,059,000 after purchasing an additional 4,005 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Boston Private Financial by 29.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 18,738 shares of the bank’s stock valued at $298,000 after purchasing an additional 4,311 shares during the last quarter. Finally, UBS Group AG grew its holdings in Boston Private Financial by 63.6% in the first quarter. UBS Group AG now owns 17,982 shares of the bank’s stock valued at $271,000 after purchasing an additional 6,989 shares during the last quarter. 93.48% of the stock is owned by institutional investors.

About Boston Private Financial

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.

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