Boston Private Financial Hldg Inc (BPFH) was Downgraded by Jefferies to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Jefferies advised their investors in a research report released on Nov 28, 2016.
Boston Private Financial Hldg Inc opened for trading at $15.35 and hit $15.6246 on the upside on Friday, eventually ending the session at $15.55, with a gain of 0.65% or 0.1 points. The heightened volatility saw the trading volume jump to 1,30,613 shares. Company has a market cap of $1,293 M.
In a different news, on Nov 8, 2016, John Iii Morton (director) sold 7,500 shares at $12.98 per share price. According to the SEC, on Oct 26, 2016, George G Schwartz (President-Boston Private Bank) sold 10,000 shares at $12.99 per share price. On Sep 2, 2016, Martha Higgins (EVP, Chief HR Officer) sold 7,500 shares at $12.67 per share price, according to the Form-4 filing with the securities and exchange commission.
Boston Private Financial Holdings Inc. is the bank holding company of Boston Private Bank & Trust Company. It is a wealth management company that offers a range of wealth management services to high net worth individuals families businesses and select institutions. The Company conducts its business through its four segments: Private Banking Wealth Management and Trust Investment Management and Wealth Advisory. The Private Banking segment is engaged in providing private banking services to high net worth individuals privately owned businesses private partnerships and nonprofit organizations. The Wealth Management and Trust segment provides wealth management solutions for high net worth individuals and families. The Investment Managers specialize in equity portfolios with products across the capitalization spectrum. The Wealth Advisory segment provides planning-based financial strategies to high net worth individuals and their families and non-profit institutions.