Boston Private Financial (NASDAQ:BPFH) Upgraded at ValuEngine

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ValuEngine upgraded shares of Boston Private Financial (NASDAQ:BPFH) from a strong sell rating to a sell rating in a report issued on Tuesday, ValuEngine reports.

BPFH has been the subject of several other reports. BidaskClub upgraded shares of Boston Private Financial from a sell rating to a hold rating in a research report on Thursday, August 15th. TheStreet upgraded shares of Boston Private Financial from a c+ rating to a b- rating in a research report on Friday, July 12th. Finally, Zacks Investment Research downgraded shares of Boston Private Financial from a buy rating to a hold rating in a research report on Monday, July 29th.

NASDAQ BPFH opened at $10.73 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.44. Boston Private Financial has a 1-year low of $9.77 and a 1-year high of $14.60. The company has a 50 day moving average of $11.21 and a 200-day moving average of $11.32. The company has a market cap of $896.08 million, a price-to-earnings ratio of 11.06 and a beta of 1.06.

Boston Private Financial (NASDAQ:BPFH) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported $0.22 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.02). Boston Private Financial had a net margin of 21.54% and a return on equity of 10.68%. The firm had revenue of $81.84 million for the quarter, compared to analyst estimates of $85.25 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. On average, equities research analysts forecast that Boston Private Financial will post 0.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, August 8th. This represents a $0.48 annualized dividend and a yield of 4.47%. Boston Private Financial’s dividend payout ratio is currently 49.48%.

A number of institutional investors and hedge funds have recently made changes to their positions in BPFH. Teton Advisors Inc. acquired a new position in Boston Private Financial during the first quarter valued at approximately $110,000. LSV Asset Management acquired a new position in shares of Boston Private Financial during the first quarter worth $139,000. Strs Ohio acquired a new position in shares of Boston Private Financial during the first quarter worth $140,000. Allianz Asset Management GmbH acquired a new position in shares of Boston Private Financial during the second quarter worth $142,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Boston Private Financial during the second quarter worth $150,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Boston Private Financial Company Profile

Boston Private Financial Holdings, Inc operates as the bank holding company for Boston Private Bank & Trust Company that provides a range of banking services in the United States. It operates in three segments: Private Banking, Wealth Management and Trust, and Affiliate Partners. The company accepts deposit products, such as checking accounts, savings and NOW accounts, money market accounts, and certificates of deposit.

Further Reading: How does equity income fit into an investing strategy?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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