Rating Reporting: Is It Finally Time To Sell? Jefferies & Co Downgrades Boston Private Financial Holdings (NASDAQ:BPFH)

November 28, 2016 - By Linda Rogers

Rating Reporting: Is It Finally Time To Sell? Jefferies & Co Downgrades Boston Private Financial Holdings (NASDAQ:BPFH)

Boston Private Financial Holdings (NASDAQ:BPFH) Downgrade

Analysts at Jefferies & Co’s equity division cut Boston Private Financial Holdings (NASDAQ:BPFH)‘s stock rating from “Buy” to “Hold” on Monday morning.

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 -16.77% below today’s ($14.85) stock price. Boston Private Financial Holdings has been the topic of 9 analyst reports since July 17, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained Boston Private Financial Hldg Inc (NASDAQ:BPFH) rating on Friday, January 29. RBC Capital Markets has “Sector Perform” rating and $11 price target. The rating was maintained by RBC Capital Markets on Friday, September 11 with “Sector Perform”. The stock of Boston Private Financial Hldg Inc (NASDAQ:BPFH) earned “Sector Perform” rating by RBC Capital Markets on Friday, October 23.

About 439,932 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 $16.70M for 18.56 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 2016 Q2. Its up 0.30, from 0.96 in 2016Q1. The ratio improved, 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.

Price T Rowe Assoc Inc Md last reported 56,849 shares in the company. State Of Alaska Department Of Revenue has invested 0.01% of its portfolio in Boston Private Financial Hldg Inc (NASDAQ:BPFH). Victory Capital Inc holds 8,767 shares or 0% of its portfolio. Swiss State Bank holds 149,800 shares or 0% of its portfolio. Aberdeen Asset Public Ltd Company Uk reported 1.86 million shares or 0.08% of all its holdings. Manufacturers Life Insurance The has 54,745 shares for 0% of their US portfolio. Ancora Advsr Lc accumulated 23,700 shares or 0.03% of the stock. The New York-based D E Shaw And has invested 0% in Boston Private Financial Hldg Inc (NASDAQ:BPFH). Airain has 0.01% invested in the company for 18,210 shares. Consector Capital L P, a New York-based fund reported 100,000 shares. Cramer Rosenthal Mcglynn Limited Liability last reported 1.21 million shares in the company. The California-based Schwab Charles Investment Mngmt has invested 0.01% in Boston Private Financial Hldg Inc (NASDAQ:BPFH). The New York-based Capstone Invest Advsrs Limited has invested 0.01% in Boston Private Financial Hldg Inc (NASDAQ:BPFH). Cim Investment Mangement, a Pennsylvania-based fund reported 31,218 shares. Barclays Plc owns 14,151 shares or 0% of their US portfolio.

Insider Transactions: Since July 28, 2016, the stock had 2 buys, and 5 insider sales for $718,541 net activity. The insider Kaye David J. sold 7,500 shares worth $91,283. 1,600 Boston Private Financial Hldg Inc (NASDAQ:BPFH) shares with value of $20,032 were bought by Griffin Corey. 30,000 shares were sold by Deutsch Clayton, worth $385,186. Shares for $129,966 were sold by Schwartz George G. $95,025 worth of Boston Private Financial Hldg Inc (NASDAQ:BPFH) was sold by Higgins Martha on Thursday, September 1. Another trade for 7,500 shares valued at $97,313 was made by Morton John III on Tuesday, November 8.

Boston Private Financial Holdings, Inc. is the bank holding firm of Boston Private Bank & Trust Company . The company has a market cap of $1.24 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 20.77 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 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 the news titled: “Boston Private Financial Holdings, Inc. to Announce Second Quarter 2016 Results” on July 06, 2016. Nasdaq.com‘s news article titled: “Boston Private Financial Holdings’ Preferred Stock, Series D Shares Cross 6.5 …” with publication date: November 11, 2016 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>