Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) – Jefferies Group upped their FY2018 earnings estimates for Boston Private Financial Holdings in a note issued to investors on Wednesday. Jefferies Group analyst C. Haire now forecasts that the bank will earn $0.90 per share for the year, up from their prior estimate of $0.89. Jefferies Group currently has a “Hold” rating and a $17.00 target price on the stock.

Boston Private Financial Holdings (NASDAQ:BPFH) last released its quarterly earnings data on Wednesday, April 26th. The bank reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.22 by $0.07. Boston Private Financial Holdings had a net margin of 17.49% and a return on equity of 9.43%. The company had revenue of $90.15 million for the quarter, compared to analysts’ expectations of $93.40 million.

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A number of other research firms have also issued reports on BPFH. Zacks Investment Research lowered shares of Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, March 21st. BMO Capital Markets reissued a “hold” rating and set a $16.00 price target on shares of Boston Private Financial Holdings in a research report on Friday, April 28th. Keefe, Bruyette & Woods set a $15.00 price target on shares of Boston Private Financial Holdings and gave the stock a “hold” rating in a research report on Monday, April 10th. BidaskClub raised shares of Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Finally, ValuEngine raised shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $15.60.

Boston Private Financial Holdings (NASDAQ BPFH) traded up 0.485% on Friday, hitting $15.525. 134,322 shares of the stock traded hands. The company has a market capitalization of $1.31 billion, a PE ratio of 20.401 and a beta of 1.06. Boston Private Financial Holdings has a 12 month low of $11.20 and a 12 month high of $17.88. The firm has a 50-day moving average price of $15.16 and a 200-day moving average price of $16.09.

Several large investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY boosted its stake in shares of Boston Private Financial Holdings by 1.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 57,712 shares of the bank’s stock worth $946,000 after buying an additional 913 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Boston Private Financial Holdings by 16.3% in the first quarter. AQR Capital Management LLC now owns 362,174 shares of the bank’s stock worth $5,939,000 after buying an additional 50,635 shares during the last quarter. State Street Corp boosted its stake in shares of Boston Private Financial Holdings by 12.1% in the first quarter. State Street Corp now owns 2,699,439 shares of the bank’s stock worth $44,269,000 after buying an additional 291,949 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Boston Private Financial Holdings by 48.4% in the first quarter. Bank of America Corp DE now owns 193,277 shares of the bank’s stock worth $3,170,000 after buying an additional 63,031 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Boston Private Financial Holdings by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 489,902 shares of the bank’s stock worth $8,035,000 after buying an additional 29,297 shares during the last quarter. 91.10% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Stephen M. Waters sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $15.46, for a total transaction of $139,140.00. Following the sale, the director now owns 39,093 shares of the company’s stock, valued at approximately $604,377.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.07% of the company’s stock.

Boston Private Financial Holdings Company Profile

Boston Private Financial Holdings, Inc is the bank holding company of Boston Private Bank & Trust Company. The Company offers private banking and wealth management services to high net worth individuals, families, businesses and select institutions. Its segments include Private Banking, Wealth Management and Trust, Investment Management and Wealth Advisory.

Earnings History and Estimates for Boston Private Financial Holdings (NASDAQ:BPFH)

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