Rating Watching: Is Boston Private Financial Holdings (NASDAQ:BPFH) Worth Your Time After Placed Jefferies’s Downgrade?

November 28, 2016 - By Winifred Garcia

Rating Watching: Is Boston Private Financial Holdings (NASDAQ:BPFH) Worth Your Time After Placed Jefferies's Downgrade?

Boston Private Financial Holdings (NASDAQ:BPFH) Downgrade

Equity analysts at Jefferies’s equity research division lowered 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 -17.21% below today’s ($14.93) 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 the stock with “Sector Perform” rating in Friday, September 11 report. 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 stock of Boston Private Financial Hldg Inc (NASDAQ:BPFH) earned “Sector Perform” rating by RBC Capital Markets on Friday, October 23.

About 254,429 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 EPS, up 33.33% or $0.05 from last year’s $0.15 per share. BPFH’s profit will be $16.74M for 18.66 P/E if the $0.20 EPS becomes a reality. After $0.22 actual EPS 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 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.

Capstone Investment Advisors Lc owns 25,553 shares or 0.01% of their US portfolio. The Pennsylvania-based Brandywine Investment Lc has invested 0.01% in Boston Private Financial Hldg Inc (NASDAQ:BPFH). Dimensional Fund Advisors Lp owns 5.09M shares or 0.03% of their US portfolio. The Texas-based Bridgeway Capital Mngmt Incorporated has invested 0% in Boston Private Financial Hldg Inc (NASDAQ:BPFH). Heartland Advisors Inc has 646,211 shares for 0.43% of their US portfolio. Renaissance Tech Ltd Limited Liability Company accumulated 917,100 shares or 0.02% of the stock. Swiss Comml Bank has invested 0% of its portfolio in Boston Private Financial Hldg Inc (NASDAQ:BPFH). Alps Advisors accumulated 36,006 shares or 0% of the stock. Moreover, Maltese Capital Mngmt Lc has 1.34% invested in Boston Private Financial Hldg Inc (NASDAQ:BPFH) for 910,000 shares. Royal Comml Bank Of Canada holds 1.06 million shares or 0.01% of its portfolio. Nationwide Fund has invested 0% of its portfolio in Boston Private Financial Hldg Inc (NASDAQ:BPFH). Bank & Trust Of Mellon, a New York-based fund reported 2.47 million shares. Geode Capital Mgmt Limited Com owns 611,259 shares or 0% of their US portfolio. Janus Mngmt Limited Com last reported 0% of its portfolio in the stock. Legal & General Grp Public Limited Company owns 23,542 shares or 0% of their US portfolio.

Insider Transactions: Since July 28, 2016, the stock had 2 insider purchases, and 5 selling transactions for $718,541 net activity. 30,000 shares were sold by Deutsch Clayton, worth $385,186. Higgins Martha had sold 7,500 shares worth $95,025 on Thursday, September 1. The insider Kaye David J. sold 7,500 shares worth $91,283. 1,600 shares with value of $20,032 were bought by Griffin Corey on Wednesday, August 24. $97,313 worth of Boston Private Financial Hldg Inc (NASDAQ:BPFH) was sold by Morton John III. $129,966 worth of Boston Private Financial Hldg Inc (NASDAQ:BPFH) was sold by Schwartz George G.

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 20.88 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: Businesswire.com and their article: “Boston Private Financial Holdings, Inc. Reports Second Quarter 2016 Results” with publication date: July 20, 2016.

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