Boston Private Financial Holdings’ (NASDAQ:BPFH) Hold Rating Reiterated at Jefferies Group LLC

Boston Private Financial Holdings, Inc. (NASDAQ:BPFH)‘s stock had its “hold” rating restated by Jefferies Group LLC in a note issued to investors on Friday. They currently have a $17.00 target price on the bank’s stock. Jefferies Group LLC’s target price points to a potential upside of 16.44% from the stock’s previous close.

BPFH has been the topic of several other reports. Zacks Investment Research downgraded Boston Private Financial Holdings from a “buy” rating to a “hold” rating in a research note on Monday, May 1st. BMO Capital Markets reiterated a “hold” rating and set a $16.00 target price on shares of Boston Private Financial Holdings in a research note on Friday, April 28th. BidaskClub upgraded Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Finally, ValuEngine upgraded Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Boston Private Financial Holdings presently has an average rating of “Hold” and a consensus price target of $15.60.

Shares of Boston Private Financial Holdings (BPFH) opened at 14.60 on Friday. Boston Private Financial Holdings has a 1-year low of $11.77 and a 1-year high of $17.88. The company has a 50-day moving average price of $15.27 and a 200 day moving average price of $15.87. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 17.20 and a beta of 1.06.

Boston Private Financial Holdings (NASDAQ:BPFH) last posted its quarterly earnings data on Wednesday, July 26th. The bank reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.05. Boston Private Financial Holdings had a return on equity of 10.16% and a net margin of 18.86%. The company had revenue of $94.37 million during the quarter, compared to analyst estimates of $95.70 million. On average, equities research analysts predict that Boston Private Financial Holdings will post $0.90 EPS for the current year.

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Institutional investors have recently added to or reduced their stakes in the company. Meadow Creek Investment Management LLC increased its position in Boston Private Financial Holdings by 8.4% in the first quarter. Meadow Creek Investment Management LLC now owns 6,496 shares of the bank’s stock worth $107,000 after buying an additional 504 shares during the period. Ameritas Investment Partners Inc. bought a new position in shares of Boston Private Financial Holdings during the first quarter worth approximately $116,000. Glen Harbor Capital Management LLC boosted its position in shares of Boston Private Financial Holdings by 8.4% in the first quarter. Glen Harbor Capital Management LLC now owns 7,888 shares of the bank’s stock worth $129,000 after buying an additional 612 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Boston Private Financial Holdings by 21.5% in the first quarter. SG Americas Securities LLC now owns 8,638 shares of the bank’s stock worth $142,000 after buying an additional 1,531 shares in the last quarter. Finally, Nordea Investment Management AB bought a new position in shares of Boston Private Financial Holdings during the first quarter worth approximately $157,000. Hedge funds and other institutional investors own 91.17% of the company’s stock.

About Boston Private Financial Holdings

Boston Private Financial Holdings, Inc is the bank holding company of Boston Private Bank & Trust Company. The Company offers private banking and wealth management services to high net worth individuals, families, businesses and select institutions. Its segments include Private Banking, Wealth Management and Trust, Investment Management and Wealth Advisory.

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