The Boston Private Financial Holdings Inc. (BPFH) Set to Announce Earnings on Thursday

The Boston Private Financial Holdings Inc. (BPFH) Set to Announce Earnings on Thursday

Boston Private Financial Holdings Inc. (NASDAQ:BPFH) will release its Q316 earnings data on Thursday, October 20th. Analysts expect Boston Private Financial Holdings to post earnings of $0.20 per share and revenue of $51.48 million for the quarter.

Boston Private Financial Holdings Inc. (NASDAQ:BPFH) opened at 12.75 on Tuesday. The firm has a market cap of $1.06 billion, a PE ratio of 17.63 and a beta of 1.30. Boston Private Financial Holdings Inc. has a one year low of $9.34 and a one year high of $13.44. The company has a 50 day moving average of $12.81 and a 200-day moving average of $12.28.

A number of research firms have issued reports on BPFH. Zacks Investment Research lowered shares of Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a report on Monday, September 26th. Deutsche Bank AG upped their target price on shares of Boston Private Financial Holdings from $12.00 to $13.00 and gave the company a “hold” rating in a report on Tuesday, October 11th. 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 report on Wednesday, July 6th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Boston Private Financial Holdings currently has an average rating of “Hold” and a consensus target price of $14.63.

In related news, CEO Corey Griffin acquired 5,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were acquired 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 in the company, valued at approximately $547,434.72. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO David J. Kaye sold 7,500 shares of the stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $12.17, for a total transaction of $91,275.00. Following the transaction, the chief financial officer now owns 137,485 shares in the company, valued at $1,673,192.45. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the company. Profund Advisors LLC increased its stake in Boston Private Financial Holdings by 3.3% in the second quarter. Profund Advisors LLC now owns 26,650 shares of the company’s stock worth $314,000 after buying an additional 860 shares during the period. Stevens Capital Management LP acquired a new stake in Boston Private Financial Holdings during the second quarter worth about $148,000. Teachers Advisors Inc. increased its stake in Boston Private Financial Holdings by 4.0% in the second quarter. Teachers Advisors Inc. now owns 139,812 shares of the company’s stock worth $1,647,000 after buying an additional 5,350 shares during the period. Scotia Capital Inc. acquired a new stake in Boston Private Financial Holdings during the second quarter worth about $306,000. Finally, Cipher Capital LP increased its stake in Boston Private Financial Holdings by 102.6% in the second quarter. Cipher Capital LP now owns 121,289 shares of the company’s stock worth $1,429,000 after buying an additional 61,408 shares during the period. 90.08% of the stock is owned by hedge funds and other institutional investors.

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