FIG Partners Upgrades Boston Private Financial Holdings to “Outperform” (BPFH)
Boston Private Financial Holdings (NASDAQ:BPFH) was upgraded by research analysts at FIG Partners from a “market perform” rating to an “outperform” rating in a report released on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $14.00 price objective on the stock, up from their previous price objective of $12.75. FIG Partners’ price target would indicate a potential upside of 15.42% from the company’s previous close.
Shares of Boston Private Financial Holdings (NASDAQ:BPFH) traded up 7.01% on Thursday, hitting $12.98. 774,491 shares of the company’s stock traded hands. Boston Private Financial Holdings has a 52-week low of $8.82 and a 52-week high of $12.66. The stock has a 50-day moving average of $12.00 and a 200-day moving average of $11.34. The company has a market cap of $1.036 billion and a price-to-earnings ratio of 19.22.
Boston Private Financial Holdings (NASDAQ:BPFH) last announced its earnings results on Wednesday, January 15th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.19 by $0.01. During the same quarter in the prior year, the company posted $0.15 earnings per share. Analysts expect that Boston Private Financial Holdings will post $0.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of 0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 2.64%.
BPFH has been the subject of a number of other recent research reports. Analysts at Jefferies Group cut their price target on shares of Boston Private Financial Holdings from $13.00 to $12.50 in a research note to investors on Tuesday, October 22nd. They now have a “buy” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Boston Private Financial Holdings from $12.00 to $11.50 in a research note to investors on Monday, October 21st. Finally, analysts at BMO Capital Markets raised their price target on shares of Boston Private Financial Holdings from $11.00 to $12.00 in a research note to investors on Monday, October 21st. They now have a “market perform” rating on the stock. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $12.06.
Boston Private Financial Holdings, Inc (NASDAQ:BPFH) is the bank holding company for Boston Private Bank & Trust Company (the Bank).
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