Today The Q1 2017 Earnings Forecast for Boston Private Financial Holdings, Inc. (BPFH) Issued By SunTrust Banks

Today The Q1 2017 Earnings Forecast for Boston Private Financial Holdings, Inc. (BPFH) Issued By SunTrust Banks

Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) – Equities research analysts at SunTrust Banks increased their Q1 2017 EPS estimates for Boston Private Financial Holdings in a report released on Thursday. SunTrust Banks analyst M. Young now expects that the firm will post earnings of $0.22 per share for the quarter, up from their prior forecast of $0.19. SunTrust Banks also issued estimates for Boston Private Financial Holdings’ Q4 2017 earnings at $0.24 EPS, Q1 2018 earnings at $0.23 EPS, Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.26 EPS and FY2018 earnings at $0.96 EPS.

BPFH has been the topic of several other research reports. Zacks Investment Research upgraded shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Thursday, October 13th. Deutsche Bank AG boosted 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, Jefferies Group LLC lowered shares of Boston Private Financial Holdings from a “buy” rating to a “hold” rating and dropped their target price for the company from $15.00 to $14.00 in a report on Monday, November 28th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $15.29.

Boston Private Financial Holdings (NASDAQ:BPFH) opened at 16.85 on Monday. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 20.80 and a beta of 1.06. Boston Private Financial Holdings has a 52 week low of $9.36 and a 52 week high of $16.92. The company’s 50-day moving average price is $16.25 and its 200 day moving average price is $13.79.

Boston Private Financial Holdings (NASDAQ:BPFH) last issued its quarterly earnings results on Wednesday, January 18th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03. Boston Private Financial Holdings had a return on equity of 10.05% and a net margin of 18.24%. During the same quarter last year, the business earned $0.17 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 17th. Stockholders of record on Friday, February 3rd will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, February 1st. This is an increase from Boston Private Financial Holdings’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 2.61%. Boston Private Financial Holdings’s payout ratio is presently 48.78%.

In other news, Director John Morton III sold 7,500 shares of the business’s stock in a transaction dated Tuesday, November 8th. The shares were sold at an average price of $12.98, for a total transaction of $97,350.00. Following the completion of the sale, the director now directly owns 30,308 shares of the company’s stock, valued at $393,397.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.10% of the company’s stock.

Large investors have recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in 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 during the last quarter. Teacher Retirement System of Texas increased its stake in 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 during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Boston Private Financial Holdings during the second quarter worth about $148,000. Quantitative Systematic Strategies LLC increased its stake in shares of Boston Private Financial Holdings by 11.0% in the second quarter. Quantitative Systematic Strategies LLC now owns 14,580 shares of the company’s stock worth $167,000 after buying an additional 1,443 shares during the last quarter. Finally, Barclays PLC increased its stake in shares of Boston Private Financial Holdings by 297.8% in the second quarter. Barclays PLC now owns 14,151 shares of the company’s stock worth $167,000 after buying an additional 10,594 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Boston Private Financial Holdings Company Profile

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