Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Boston Private Financial from a sell rating to a hold rating in a research report on Thursday, January 24th. BidaskClub upgraded Boston Private Financial from a strong sell rating to a sell rating in a research report on Tuesday, December 25th. Three analysts have rated the stock with a sell rating and one has issued a hold rating to the company’s stock. The company has a consensus rating of Sell and a consensus price target of $15.00.
Shares of Boston Private Financial stock traded down $0.16 during trading hours on Wednesday, hitting $11.38. The company’s stock had a trading volume of 267,375 shares, compared to its average volume of 397,055. Boston Private Financial has a 12-month low of $10.00 and a 12-month high of $17.85. The company has a market capitalization of $953.27 million, a price-to-earnings ratio of 11.73 and a beta of 0.95. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.70.
Boston Private Financial (NASDAQ:BPFH) last announced its quarterly earnings data on Wednesday, January 30th. The bank reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The business had revenue of $88.69 million for the quarter, compared to the consensus estimate of $90.20 million. Boston Private Financial had a return on equity of 11.04% and a net margin of 18.89%. During the same period in the previous year, the business earned $0.22 earnings per share. On average, equities analysts expect that Boston Private Financial will post 0.94 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund bought a new position in shares of Boston Private Financial during the fourth quarter valued at approximately $32,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 buying an additional 1,401 shares during the last quarter. Quantamental Technologies LLC bought a new position in shares of Boston Private Financial during the fourth quarter valued at approximately $82,000. Susquehanna Fundamental Investments LLC bought a new position in Boston Private Financial in the fourth quarter worth approximately $116,000. Finally, Stone Ridge Asset Management LLC bought a new position in Boston Private Financial in the fourth quarter worth approximately $120,000. 92.08% of the stock is currently 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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