Important Rating: Will Jefferies Downgrade Harm BostonPrivate Fin (NASDAQ:BPFH) Stock Price Today?

November 28, 2016 - By Marguerite Chambers

Important Rating: Will Jefferies Downgrade Harm BostonPrivate Fin (NASDAQ:BPFH) Stock Price Today?

BostonPrivate Fin (NASDAQ:BPFH) Downgrade

In a an analyst note issued to clients today, Jefferies lowered shares of BostonPrivate Fin (NASDAQ:BPFH) to a “Hold” rating from a “Buy” rating.

Boston Private Financial Hldg Inc (NASDAQ:BPFH) Ratings Coverage

Out of 4 analysts covering Boston Private Financial Holdings (NASDAQ:BPFH), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $13 is the highest target while $11 is the lowest. The $12.36 average target is -17.71% below today’s ($15.02) stock price. Boston Private Financial Holdings has been the topic of 9 analyst reports since July 17, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, September 11 by RBC Capital Markets. The firm earned “Sector Perform” rating on Friday, October 23 by RBC Capital Markets. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, January 29.

About 106,867 shares traded hands. Boston Private Financial Hldg Inc (NASDAQ:BPFH) has risen 25.71% since April 25, 2016 and is uptrending. It has outperformed by 19.69% the S&P500.

Analysts await Boston Private Financial Hldg Inc (NASDAQ:BPFH) to report earnings on January, 25. They expect $0.20 earnings per share, up 33.33% or $0.05 from last year’s $0.15 per share. BPFH’s profit will be $16.74M for 18.81 P/E if the $0.20 EPS becomes a reality. After $0.22 actual earnings per share reported by Boston Private Financial Hldg Inc for the previous quarter, Wall Street now forecasts -9.09% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 1.26 in Q2 2016. Its up 0.30, from 0.96 in 2016Q1. The ratio is positive, as 13 funds sold all Boston Private Financial Hldg Inc shares owned while 56 reduced positions. 17 funds bought stakes while 49 increased positions. They now own 72.26 million shares or 4.20% less from 75.42 million shares in 2016Q1.

Natl Bank Of Mellon holds 0.01% of its portfolio in Boston Private Financial Hldg Inc (NASDAQ:BPFH) for 2.47M shares. Retail Bank Of Montreal Can last reported 0% of its portfolio in the stock. Banc Funds Company Limited Liability Company has 1.80 million shares for 1.24% of their US portfolio. Capstone Asset Mngmt Company holds 25,420 shares or 0.01% of its portfolio. Manufacturers Life Insurance The last reported 0% of its portfolio in the stock. Moreover, Citigroup has 0% invested in Boston Private Financial Hldg Inc (NASDAQ:BPFH) for 45,227 shares. Geode Mngmt Ltd Liability has 0% invested in the company for 611,259 shares. Quantitative Systematic Strategies Limited Liability reported 14,580 shares or 0.08% of all its holdings. Moreover, Invesco Limited has 0% invested in Boston Private Financial Hldg Inc (NASDAQ:BPFH) for 546,388 shares. Independent Port Consultants has invested 0% of its portfolio in Boston Private Financial Hldg Inc (NASDAQ:BPFH). Tiaa Cref Invest Ltd Co holds 0% or 366,829 shares in its portfolio. Blackrock Institutional Trust Com Na, a California-based fund reported 2.24M shares. Blackrock holds 21,762 shares or 0% of its portfolio. Fmr Limited Liability Company holds 0.01% of its portfolio in Boston Private Financial Hldg Inc (NASDAQ:BPFH) for 7.46 million shares. Victory Capital Mngmt reported 8,767 shares or 0% of all its holdings.

Insider Transactions: Since July 28, 2016, the stock had 2 insider purchases, and 5 insider sales for $718,541 net activity. On Thursday, August 4 the insider Griffin Corey bought $60,200. $129,966 worth of Boston Private Financial Hldg Inc (NASDAQ:BPFH) shares were sold by Schwartz George G. Morton John III also sold $97,313 worth of Boston Private Financial Hldg Inc (NASDAQ:BPFH) on Tuesday, November 8. $91,283 worth of shares were sold by Kaye David J. on Thursday, July 28. Deutsch Clayton had sold 30,000 shares worth $385,186. 7,500 shares were sold by Higgins Martha, worth $95,025 on Thursday, September 1.

Boston Private Financial Holdings, Inc. is the bank holding firm of Boston Private Bank & Trust Company . The company has a market cap of $1.26 billion. The Firm offers a range of wealth management and private banking services to high net worth individuals, families, businesses and select institutions. It has a 21.02 P/E ratio.

According to Zacks Investment Research, “Boston Private Bancorp, through its subsidiaries offers a full range of banking, commercial and residential lending, and trust and investment management services to its domestic and international clientele with a commitment to exceptional service. In the city of Boston, Boston Private Bank & Trust Company offers a First Time Homebuyer program, and “soft second” mortgage financing. Under its Accessible Banking program, the Bank is an active provider of real estate financing for affordable housing, economic development, and small businesses.”

BPFH Company Profile

Boston Private Financial Holdings, Inc., incorporated on September 2, 1987, is the bank holding firm of Boston Private Bank & Trust Company (the Bank or Boston Private Bank). The Firm offers a range of wealth management and private banking services to high net worth individuals, families, businesses and select institutions. The Firm conducts its business through four divisions: Private Banking, Wealth Management and Trust, Investment Management and Wealth Advisory.

More important recent Boston Private Financial Hldg Inc (NASDAQ:BPFH) news were published by: Zacks.com which released: “Boston Private Financial Holdings (BPFH) Shares March Higher, Can It Continue?” on November 25, 2016, also Businesswire.com published article titled: “Boston Private Financial Holdings, Inc. to Announce Second Quarter 2016 Results”, Nasdaq.com published: “Boston Private Financial Holdings’ Preferred Stock, Series D Shares Cross 6.5 …” on November 11, 2016. More interesting news about Boston Private Financial Hldg Inc (NASDAQ:BPFH) was released by: Forbes.com and their article: “Boston Private Financial Holdings Named Top Dividend Stock With Insider Buying …” with publication date: July 25, 2016.

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