Rating To Observe: Is Jefferies Very Negative For BostonPrivate Fin (BPFH) After Its Downgrade?

November 28, 2016 - By Michael Collier

Rating To Observe: Is Jefferies Very Negative For BostonPrivate Fin (BPFH) After Its Downgrade?

BostonPrivate Fin (BPFH) Downgrade

In a a note issued today, Jefferies downgraded shares of BostonPrivate Fin (BPFH) to a Hold rating from a Buy rating.

About 140,790 shares traded hands. Boston Private Financial Hldg Inc (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 $16.67M for 18.75 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 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.

California State Teachers Retirement Systems accumulated 0% or 171,695 shares. Los Angeles Cap Management & Equity has invested 0.01% of its portfolio in Boston Private Financial Hldg Inc (NASDAQ:BPFH). Capstone Investment Advsrs reported 25,553 shares or 0.01% of all its holdings. California Pub Employees Retirement Systems holds 246,900 shares or 0% of its portfolio. Aqr Capital Management Limited Liability Company holds 0% of its portfolio in Boston Private Financial Hldg Inc (NASDAQ:BPFH) for 34,358 shares. The Pennsylvania-based Federated Investors Pa has invested 0% in Boston Private Financial Hldg Inc (NASDAQ:BPFH). State Board Of Administration Of Florida Retirement Sys accumulated 0% or 77,186 shares. Bryn Mawr holds 0.01% of its portfolio in Boston Private Financial Hldg Inc (NASDAQ:BPFH) for 11,291 shares. Cramer Rosenthal Mcglynn Limited has 1.21M shares for 0.23% of their US portfolio. Art Advsrs Ltd Com has 0.02% invested in the company for 29,385 shares. Tiaa Cref Invest Ltd Llc owns 366,829 shares or 0% of their US portfolio. Stevens Capital Lp reported 12,534 shares or 0.01% of all its holdings. Macquarie owns 2.94M shares or 0.07% of their US portfolio. Gabelli Inc holds 0.02% or 15,000 shares in its portfolio. The Ontario – Canada-based Royal State Bank Of Canada has invested 0.01% in Boston Private Financial Hldg Inc (NASDAQ:BPFH).

Insider Transactions: Since July 28, 2016, the stock had 2 buys, and 5 insider sales for $718,541 net activity. Another trade for 7,500 shares valued at $95,025 was made by Higgins Martha on Thursday, September 1. Another trade for 7,500 shares valued at $97,313 was sold by Morton John III. $20,032 worth of Boston Private Financial Hldg Inc (NASDAQ:BPFH) shares were bought by Griffin Corey. 30,000 shares were sold by Deutsch Clayton, worth $385,186. The insider Kaye David J. sold 7,500 shares worth $91,283. 10,000 shares with value of $129,966 were sold by Schwartz George G on Tuesday, October 25.

Boston Private Financial Holdings, Inc. is the bank holding firm of Boston Private Bank & Trust Company . The company has a market cap of $1.25 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 20.95 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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