Trading Report: The FY2017 Earnings Forecast for Boston Private Financial Holdings Inc. (BPFH) Issued By Jefferies Group

The FY2017 Earnings Forecast for Boston Private Financial Holdings Inc. (BPFH) Issued By Jefferies Group

Boston Private Financial Holdings Inc. (NASDAQ:BPFH) – Research analysts at Jefferies Group boosted their FY2017 EPS estimates for shares of Boston Private Financial Holdings in a research note issued on Tuesday. Jefferies Group analyst C. Haire now anticipates that the brokerage will post earnings per share of $0.84 for the year, up from their prior estimate of $0.81.

A number of other brokerages have also weighed in on BPFH. Deutsche Bank AG upped their target price on Boston Private Financial Holdings from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Tuesday. Zacks Investment Research upgraded Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $12.00 target price on shares of Boston Private Financial Holdings in a research note on Wednesday, July 6th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $14.63.

Boston Private Financial Holdings (NASDAQ:BPFH) traded up 0.08% during trading on Friday, hitting $12.86. The company had a trading volume of 319,516 shares. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 17.79 and a beta of 1.30. The company’s 50 day moving average price is $12.79 and its 200-day moving average price is $12.25. Boston Private Financial Holdings has a 1-year low of $9.34 and a 1-year high of $13.44.

Boston Private Financial Holdings (NASDAQ:BPFH) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.18 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.18. Boston Private Financial Holdings had a return on equity of 8.33% and a net margin of 16.53%. During the same period last year, the company earned $0.20 EPS.

In related news, CEO Corey Griffin bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average cost of $12.04 per share, for a total transaction of $60,200.00. Following the acquisition, the chief executive officer now directly owns 45,468 shares of the company’s stock, valued at approximately $547,434.72. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO David J. Kaye sold 7,500 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $12.17, for a total value of $91,275.00. Following the sale, the chief financial officer now owns 137,485 shares of the company’s stock, valued at $1,673,192.45. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. boosted its stake in shares of Boston Private Financial Holdings by 77.3% in the second quarter. Victory Capital Management Inc. now owns 8,767 shares of the company’s stock valued at $103,000 after buying an additional 3,821 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Boston Private Financial Holdings by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 11,718 shares of the company’s stock valued at $138,000 after buying an additional 1,417 shares in the last quarter. S&CO Inc. bought a new stake in shares of Boston Private Financial Holdings during the second quarter valued at $139,000. Societe Generale bought a new stake in shares of Boston Private Financial Holdings during the second quarter valued at $139,000. Finally, SG Americas Securities LLC bought a new stake in shares of Boston Private Financial Holdings during the second quarter valued at $139,000. Institutional investors own 90.11% of the company’s stock.

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