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

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

A number of other research firms have also recently commented on BPFH. Zacks Investment Research cut shares of Boston Private Financial from a buy rating to a hold rating in a report on Monday, July 29th. TheStreet raised shares of Boston Private Financial from a c+ rating to a b- rating in a research note on Friday, July 12th. Finally, ValuEngine lowered shares of Boston Private Financial from a sell rating to a strong sell rating in a research note on Thursday, August 8th.

Shares of NASDAQ BPFH traded up $0.23 during mid-day trading on Thursday, reaching $10.59. The company had a trading volume of 5,334 shares, compared to its average volume of 573,904. The business’s 50-day moving average is $11.37 and its 200-day moving average is $11.34. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.44. The stock has a market cap of $895.24 million, a price-to-earnings ratio of 10.85 and a beta of 1.06. Boston Private Financial has a 52 week low of $9.77 and a 52 week high of $14.60.

Boston Private Financial (NASDAQ:BPFH) last posted its quarterly earnings results on Wednesday, July 24th. The bank reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.02). The company had revenue of $81.84 million during the quarter, compared to the consensus estimate of $85.25 million. Boston Private Financial had a return on equity of 10.68% and a net margin of 21.54%. During the same quarter in the previous year, the company posted $0.21 earnings per share. As a group, equities research analysts forecast that Boston Private Financial will post 1 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Friday, August 9th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date of this dividend is Thursday, August 8th. Boston Private Financial’s dividend payout ratio (DPR) is presently 49.48%.

A number of large investors have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC purchased a new position in shares of Boston Private Financial in the 2nd quarter valued at approximately $4,991,000. Price T Rowe Associates Inc. MD raised its position in shares of Boston Private Financial by 3.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 94,389 shares of the bank’s stock valued at $1,139,000 after purchasing an additional 3,417 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Boston Private Financial by 14.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 57,067 shares of the bank’s stock valued at $689,000 after purchasing an additional 7,203 shares during the last quarter. Citadel Advisors LLC raised its position in shares of Boston Private Financial by 15.0% in the 2nd quarter. Citadel Advisors LLC now owns 331,180 shares of the bank’s stock valued at $3,997,000 after purchasing an additional 43,252 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in shares of Boston Private Financial by 0.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 708,221 shares of the bank’s stock valued at $8,548,000 after purchasing an additional 6,257 shares during the last quarter. 91.58% 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. 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.

Featured Article: How to Invest in Marijuana Stocks

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.