Jefferies Group downgraded shares of Boston Private Financial Holdings Inc. (NASDAQ:BPFH) from a buy rating to a hold rating in a research report sent to investors on Monday.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Boston Private Financial Holdings from a hold rating to a sell rating in a research note on Monday, September 26th. Deutsche Bank AG raised their price target on shares of Boston Private Financial Holdings from $12.00 to $13.00 and gave the company a hold rating in a research note on Tuesday, October 11th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $15.00.

Analyst Recommendations for Boston Private Financial Holdings (NASDAQ:BPFH)

Shares of Boston Private Financial Holdings (NASDAQ:BPFH) opened at 14.75 on Monday. Boston Private Financial Holdings has a 1-year low of $9.34 and a 1-year high of $15.90. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 18.91 and a beta of 0.99. The company has a 50-day moving average price of $13.74 and a 200-day moving average price of $12.68.

Boston Private Financial Holdings (NASDAQ:BPFH) last announced its quarterly earnings results on Thursday, October 20th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. Boston Private Financial Holdings had a net margin of 19.70% and a return on equity of 9.11%. On average, equities analysts expect that Boston Private Financial Holdings will post $0.82 earnings per share for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Investors of record on Friday, November 4th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, November 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.57%. Boston Private Financial Holdings’s dividend payout ratio is presently 50.00%.

In related news, insider George G. Schwartz sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $13.00, for a total transaction of $130,000.00. Following the completion of the sale, the insider now directly owns 132,035 shares in the company, valued at $1,716,455. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Morton III sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $12.98, for a total transaction of $97,350.00. Following the sale, the director now owns 30,308 shares of the company’s stock, valued at $393,397.84. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of the company. Aberdeen Asset Management PLC UK boosted its stake in shares of Boston Private Financial Holdings by 38.6% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,859,872 shares of the company’s stock worth $21,908,000 after buying an additional 518,386 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Boston Private Financial Holdings during the second quarter worth $1,508,000. Boston Private Wealth LLC boosted its stake in shares of Boston Private Financial Holdings by 40.3% in the second quarter. Boston Private Wealth LLC now owns 134,242 shares of the company’s stock worth $1,581,000 after buying an additional 38,585 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Boston Private Financial Holdings by 0.5% in the third quarter. Louisiana State Employees Retirement System now owns 36,900 shares of the company’s stock worth $473,000 after buying an additional 200 shares during the last quarter. Finally, Airain ltd acquired a new stake in shares of Boston Private Financial Holdings during the second quarter worth $215,000. Hedge funds and other institutional investors own 93.20% of the company’s stock.

About Boston Private Financial Holdings

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