Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) – Research analysts at Jefferies Group dropped their FY2017 EPS estimates for Boston Private Financial Holdings in a research report issued on Monday. Jefferies Group analyst C. Haire now forecasts that the bank will post earnings per share of $0.89 for the year, down from their prior forecast of $0.91. Jefferies Group currently has a “Hold” rating and a $17.00 target price on the stock. Jefferies Group also issued estimates for Boston Private Financial Holdings’ Q4 2017 earnings at $0.23 EPS, Q1 2018 earnings at $0.21 EPS and Q4 2018 earnings at $0.22 EPS.

A number of other equities analysts have also recently issued reports on BPFH. ValuEngine upgraded Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Zacks Investment Research upgraded Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Tuesday, July 4th. BidaskClub cut Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 price target on shares of Boston Private Financial Holdings in a report on Tuesday, October 3rd. Finally, BMO Capital Markets restated a “hold” rating and set a $15.00 price target on shares of Boston Private Financial Holdings in a report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $16.00.

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Shares of Boston Private Financial Holdings (NASDAQ BPFH) opened at 15.90 on Tuesday. The firm has a market capitalization of $1.34 billion, a P/E ratio of 18.73 and a beta of 1.09. Boston Private Financial Holdings has a one year low of $12.45 and a one year high of $17.88. The firm’s 50-day moving average is $15.82 and its 200 day moving average is $15.42.

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

Several institutional investors have recently bought and sold shares of BPFH. Russell Investments Group Ltd. bought a new position in shares of Boston Private Financial Holdings during the 1st quarter worth approximately $530,000. Parametric Portfolio Associates LLC boosted its holdings in shares of Boston Private Financial Holdings by 30.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 178,795 shares of the bank’s stock worth $2,932,000 after buying an additional 41,796 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Boston Private Financial Holdings during the 1st quarter worth approximately $116,000. SG Americas Securities LLC boosted its holdings in shares of Boston Private Financial Holdings by 21.5% during the 1st quarter. SG Americas Securities LLC now owns 8,638 shares of the bank’s stock worth $142,000 after buying an additional 1,531 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Boston Private Financial Holdings by 2.1% during the 1st quarter. Arizona State Retirement System now owns 43,711 shares of the bank’s stock worth $717,000 after buying an additional 900 shares in the last quarter. Hedge funds and other institutional investors own 89.72% of the company’s stock.

The firm 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 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Thursday, November 2nd. Boston Private Financial Holdings’s payout ratio is 51.16%.

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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