William Blair & Company Initiates Coverage of Boston Private Financial Holdings, Inc. With Market Perform Rating.CHICAGO -- William Blair
BPFH Bastard Programmer from Hell ) ($29.32), a $5.9 billion-asset bank holding company based in Boston, with a Market Perform rating and company profile of Core Growth. Analyst David Long estimated that the company, which offers private banking, wealth advisory, and investment management services through 11 wholly or majority-owned, and 2 minority-owned, independently branded affiliates, would earn $1.50 per share in 2007 and $1.71 per share in 2008. "Boston Private has an enviable en·vi·a·ble adj. So desirable as to arouse envy: "the enviable English quality of being able to be mute without unrest" Henry James. franchise within financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. with a particular focus on the positive demographics The attributes of people in a particular geographic area. Used for marketing purposes, population, ethnic origins, religion, spoken language, income and age range are examples of demographic data. in the U.S. marketplace," Long said. "The company operates in geographies with better-than-average wealth creation expectations through its private banking, investment management, and wealth advisory affiliates. Such geographies have attractive growth prospects and are expected to experience rapid millionaire population growth." "We believe the company is well positioned to benefit from two trends within the financial services industry that could drive financial results relative to peers and, therefore, long-term stock price appreciation," he added. "The first trend is growth of the affluent population and the creation of liquid wealth within the baby-boomer generation. The second trend is normalization In relational database management, a process that breaks down data into record groups for efficient processing. There are six stages. By the third stage (third normal form), data are identified only by the key field in their record. of credit costs from a period of unusually low credit costs and investors' preference for those lending institutions Noun 1. lending institution - a financial institution that makes loans financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in with the best credit underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. standards as a result." William Blair & Company, L.L.C. has received compensation for investment banking services from the company within the past 12 months, or expects to receive or intends to seek compensation for investment banking services in the next 3 months. William Blair & Company, L.L.C. is a market maker in the security of this company and may have a long or short position. William Blair & Company, L.L.C. (www.williamblair.com) is a Chicago-based investment firm offering investment banking, asset management, equity research, institutional and private brokerage, and private capital to individual, institutional, and issuing clients. Since 1935, we have been committed to helping clients achieve their financial objectives. For important disclosures and information regarding the firm's rating system, valuation methods and potential conflicts of interest, please visit: www.williamblair.com/Pages/news_story_dept.asp?uid=1208&depID=11 Additional information is available upon request. |
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