Keefe, Bruyette & Woods Upgrades Boston Private Fin'l Holdings (BPFH) to Outperform
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Keefe, Bruyette & Woods upgrades Boston Private Fin'l Holdings (Nasdaq: BPFH) to Outperform. Price target increased to $7.50.
Keefe analyst says, "On Thursday evening, Boston Private announced the sale of its Florida banking affiliate, Gibraltar Private Bank & Trust, to a group of private investors. In our view, the announced sale of Gibraltar represents a potentially game changing event for the company in that balance sheet risk has been significantly reduced without meaningful impact to capital levels."
To see more analyst ratings on BPFH Click Here.
Boston Private Financial Holdings, Inc. operates as the multi-bank holding company in the United States.
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