Boston Private Financial Holdings Inc. (NASDAQ:BPFH) – Investment analysts at Jefferies Group raised their FY2016 EPS estimates for Boston Private Financial Holdings in a report released on Tuesday. Jefferies Group analyst C. Haire now expects that the firm will earn $0.79 per share for the year, up from their prior estimate of $0.78. Jefferies Group also issued estimates for Boston Private Financial Holdings’ Q1 2017 earnings at $0.20 EPS, Q2 2017 earnings at $0.20 EPS, Q3 2017 earnings at $0.22 EPS, Q4 2017 earnings at $0.22 EPS and FY2018 earnings at $0.90 EPS.

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

Earnings History and Estimates for Boston Private Financial Holdings (NASDAQ:BPFH)

A number of other research firms have also recently commented on BPFH. Deutsche Bank AG lifted their target price on shares of 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 shares of Boston Private Financial Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, October 4th. Finally, BMO Capital Markets reiterated 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. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. Boston Private Financial Holdings has an average rating of “Hold” and a consensus price target of $14.50.

Boston Private Financial Holdings (NASDAQ:BPFH) traded down 2.36% during trading on Thursday, hitting $12.84. 189,164 shares of the company’s stock were exchanged. Boston Private Financial Holdings has a 12-month low of $9.34 and a 12-month high of $13.44. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 17.76 and a beta of 1.30. The company’s 50-day moving average price is $12.78 and its 200 day moving average price is $12.24.

A number of large investors have recently modified their holdings of BPFH. Victory Capital Management Inc. raised 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 during the last quarter. Teacher Retirement System of Texas raised 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 during the last quarter. S&CO Inc. bought a new stake in shares of Boston Private Financial Holdings during the second quarter valued at approximately $139,000. Societe Generale bought a new stake in shares of Boston Private Financial Holdings during the second quarter valued at approximately $139,000. Finally, SG Americas Securities LLC bought a new stake in shares of Boston Private Financial Holdings during the second quarter valued at approximately $139,000. 90.11% of the stock is owned by institutional investors.

In related news, CEO Corey Griffin purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was bought at an average price of $12.04 per share, with a total value of $60,200.00. Following the acquisition, the chief executive officer now owns 45,468 shares in the company, valued at $547,434.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Clayton Deutsch sold 30,000 shares of the business’s stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $12.84, for a total transaction of $385,200.00. Following the completion of the sale, the chief executive officer now directly owns 801,121 shares of the company’s stock, valued at approximately $10,286,393.64. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Boston Private Financial Holdings Company Profile

5 Day Chart for NASDAQ:BPFH

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