Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) – Investment analysts at SunTrust Banks dropped their FY2017 earnings per share estimates for shares of Boston Private Financial Holdings in a report issued on Thursday. SunTrust Banks analyst M. Young now forecasts that the bank will post earnings per share of $0.87 for the year, down from their previous estimate of $0.90. SunTrust Banks also issued estimates for Boston Private Financial Holdings’ Q4 2017 earnings at $0.21 EPS, Q1 2018 earnings at $0.19 EPS, Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.24 EPS and FY2019 earnings at $0.98 EPS.

Several other analysts have also commented on BPFH. Jefferies Group LLC reaffirmed a “hold” rating and issued a $17.00 price objective on shares of Boston Private Financial Holdings in a report on Friday, August 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Boston Private Financial Holdings in a report on Tuesday, October 3rd. Zacks Investment Research raised Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. ValuEngine raised Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Finally, BidaskClub lowered Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a report on Saturday, August 19th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Boston Private Financial Holdings has a consensus rating of “Hold” and an average target price of $16.00.

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Boston Private Financial Holdings (NASDAQ:BPFH) opened at 16.25 on Monday. Boston Private Financial Holdings has a 1-year low of $12.45 and a 1-year high of $17.88. The company has a market cap of $1.37 billion, a P/E ratio of 19.14 and a beta of 1.09. The stock’s 50 day moving average price is $15.79 and its 200 day moving average price is $15.43.

Boston Private Financial Holdings (NASDAQ:BPFH) last posted its quarterly earnings results on Wednesday, October 18th. The bank reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $96.89 million for the quarter, compared to the consensus estimate of $98.00 million. Boston Private Financial Holdings had a return on equity of 10.03% and a net margin of 18.44%.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, November 3rd will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.71%. Boston Private Financial Holdings’s dividend payout ratio is presently 51.16%.

A number of large investors have recently added to or reduced their stakes in BPFH. BlackRock Inc. grew its holdings in Boston Private Financial Holdings by 48,173.3% during the first quarter. BlackRock Inc. now owns 10,248,914 shares of the bank’s stock valued at $168,083,000 after purchasing an additional 10,227,683 shares during the period. FMR LLC grew its holdings in Boston Private Financial Holdings by 23.2% during the first quarter. FMR LLC now owns 7,563,647 shares of the bank’s stock valued at $124,044,000 after purchasing an additional 1,422,619 shares during the period. Vanguard Group Inc. grew its holdings in Boston Private Financial Holdings by 6.3% during the first quarter. Vanguard Group Inc. now owns 7,591,429 shares of the bank’s stock valued at $124,500,000 after purchasing an additional 446,786 shares during the period. State Street Corp grew its holdings in Boston Private Financial Holdings by 12.1% during the first quarter. State Street Corp now owns 2,699,439 shares of the bank’s stock valued at $44,269,000 after purchasing an additional 291,949 shares during the period. Finally, American Century Companies Inc. grew its holdings in Boston Private Financial Holdings by 30.7% during the second quarter. American Century Companies Inc. now owns 1,221,260 shares of the bank’s stock valued at $18,746,000 after purchasing an additional 286,539 shares during the period. 89.87% of the stock is owned by institutional investors and hedge funds.

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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