Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) – Analysts at Jefferies Group lifted their FY2018 earnings per share (EPS) estimates for shares of Boston Private Financial Holdings in a report issued on Monday. Jefferies Group analyst C. Haire now anticipates that the firm will earn $0.87 per share for the year, up from their previous estimate of $0.82. Jefferies Group currently has a “Hold” rating and a $14.00 target price on the stock.

Several other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Thursday, October 13th. Deutsche Bank AG raised their price objective on shares of Boston Private Financial Holdings from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Tuesday, October 11th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Boston Private Financial Holdings currently has an average rating of “Hold” and an average target price of $15.29.

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

TRADEMARK VIOLATION NOTICE: This article was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. and international copyright law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/01/11/boston-private-financial-holdings-inc-bpfh-forecasted-to-post-fy2018-earnings-of-0-87-per-share.html.

Shares of Boston Private Financial Holdings (NASDAQ:BPFH) traded up 0.61% during trading on Wednesday, reaching $16.60. 382,800 shares of the company traded hands. The firm has a 50-day moving average price of $15.88 and a 200-day moving average price of $13.42. The firm has a market capitalization of $1.38 billion, a PE ratio of 21.28 and a beta of 1.06. Boston Private Financial Holdings has a 12 month low of $9.34 and a 12 month high of $16.90.

Boston Private Financial Holdings (NASDAQ:BPFH) last issued its quarterly earnings results on Thursday, October 20th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. Boston Private Financial Holdings had a net margin of 19.70% and a return on equity of 9.11%.

Several hedge funds have recently bought and sold shares of BPFH. Aberdeen Asset Management PLC UK boosted its stake in Boston Private Financial Holdings by 38.6% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,859,872 shares of the company’s stock valued at $21,908,000 after buying an additional 518,386 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Boston Private Financial Holdings by 2,162.5% in the third quarter. Victory Capital Management Inc. now owns 198,350 shares of the company’s stock valued at $2,544,000 after buying an additional 189,583 shares in the last quarter. First Trust Advisors LP boosted its stake in Boston Private Financial Holdings by 135.8% in the third quarter. First Trust Advisors LP now owns 384,247 shares of the company’s stock valued at $4,930,000 after buying an additional 221,292 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Boston Private Financial Holdings by 3.9% in the third quarter. Great West Life Assurance Co. Can now owns 112,514 shares of the company’s stock valued at $1,443,000 after buying an additional 4,208 shares in the last quarter. Finally, Boston Private Wealth LLC boosted its stake in Boston Private Financial Holdings by 40.3% in the second quarter. Boston Private Wealth LLC now owns 134,242 shares of the company’s stock valued at $1,581,000 after buying an additional 38,585 shares in the last quarter. Institutional investors and hedge funds own 93.29% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. and international copyright law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/01/11/boston-private-financial-holdings-inc-bpfh-forecasted-to-post-fy2018-earnings-of-0-87-per-share.html.

In related news, Director John Morton III sold 7,500 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $393,397.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider George G. Schwartz sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $13.00, for a total transaction of $130,000.00. Following the sale, the insider now owns 132,035 shares of the company’s stock, valued at $1,716,455. The disclosure for this sale can be found here. 3.10% of the stock is currently owned by company insiders.

About Boston Private Financial Holdings

5 Day Chart for NASDAQ:BPFH

Receive News & Stock Ratings for Boston Private Financial Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Private Financial Holdings Inc. and related stocks with our FREE daily email newsletter.