Boston Private Financial (NASDAQ:BPFH) Stock Rating Upgraded by BidaskClub

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

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

NASDAQ BPFH opened at $10.70 on Thursday. Boston Private Financial has a 1-year low of $9.77 and a 1-year high of $14.60. 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 50-day moving average of $11.36 and a 200-day moving average of $11.34. The firm has a market cap of $869.23 million, a PE ratio of 11.03 and a beta of 1.06.

Boston Private Financial (NASDAQ:BPFH) last released its earnings results on Wednesday, July 24th. The bank reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.02). Boston Private Financial had a net margin of 21.54% and a return on equity of 10.68%. The company had revenue of $81.84 million during the quarter, compared to the consensus estimate of $85.25 million. During the same period last year, the firm posted $0.21 EPS. As a group, equities research analysts forecast that Boston Private Financial will post 0.96 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date is Thursday, August 8th. Boston Private Financial’s payout ratio is 49.48%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teton Advisors Inc. bought a new position in shares of Boston Private Financial in the 1st quarter worth approximately $110,000. LSV Asset Management bought a new position in shares of Boston Private Financial in the 1st quarter worth approximately $139,000. Strs Ohio bought a new position in shares of Boston Private Financial in the 1st quarter worth approximately $140,000. Allianz Asset Management GmbH bought a new position in shares of Boston Private Financial in the 2nd quarter worth approximately $142,000. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Boston Private Financial in the 2nd quarter worth approximately $150,000. 91.58% of the stock is owned by institutional investors and hedge funds.

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.

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