SunTrust Banks, Inc. set a $17.00 price target on Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) in a research note issued to investors on Friday. The brokerage currently has a hold rating on the bank’s stock.

BPFH has been the topic of several other reports. ValuEngine lowered Boston Private Financial Holdings from a buy rating to a hold rating in a report on Wednesday, September 6th. Zacks Investment Research lowered Boston Private Financial Holdings from a hold rating to a sell rating in a research note on Wednesday, September 27th. BMO Capital Markets reaffirmed a hold rating and issued a $15.00 price objective on shares of Boston Private Financial Holdings in a research note on Thursday, October 5th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $15.00 price objective on shares of Boston Private Financial Holdings in a research note on Tuesday, October 3rd. Finally, BidaskClub lowered Boston Private Financial Holdings from a hold rating to a sell rating in a research note on Saturday, August 19th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $16.20.

Shares of Boston Private Financial Holdings (NASDAQ BPFH) opened at $15.65 on Friday. The stock has a market capitalization of $1,305.73, a price-to-earnings ratio of 17.82 and a beta of 1.06. Boston Private Financial Holdings has a 1-year low of $13.95 and a 1-year high of $17.88. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.20.

Boston Private Financial Holdings (NASDAQ:BPFH) last released its earnings results on Wednesday, October 18th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $96.89 million for the quarter, compared to analyst estimates of $98.00 million. Boston Private Financial Holdings had a return on equity of 10.03% and a net margin of 18.44%. research analysts anticipate that Boston Private Financial Holdings will post 0.89 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Friday, November 3rd were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Thursday, November 2nd. Boston Private Financial Holdings’s dividend payout ratio (DPR) is presently 51.16%.

Large investors have recently added to or reduced their stakes in the stock. Amalgamated Bank boosted its stake in Boston Private Financial Holdings by 2.6% in the second quarter. Amalgamated Bank now owns 11,386 shares of the bank’s stock valued at $175,000 after buying an additional 290 shares in the last quarter. Nordea Investment Management AB raised its position in Boston Private Financial Holdings by 32.3% in the second quarter. Nordea Investment Management AB now owns 12,700 shares of the bank’s stock valued at $195,000 after purchasing an additional 3,100 shares during the last quarter. Everence Capital Management Inc. bought a new position in Boston Private Financial Holdings in the third quarter valued at about $234,000. Washington Trust Bank bought a new position in Boston Private Financial Holdings in the second quarter valued at about $259,000. Finally, BlueCrest Capital Management Ltd bought a new position in Boston Private Financial Holdings in the second quarter valued at about $261,000. 90.18% of the stock is currently owned by institutional investors and hedge funds.

Boston Private Financial Holdings Company Profile

Boston Private Financial Holdings, Inc is the bank holding company of Boston Private Bank & Trust Company. The Company offers private banking and wealth management services to high net worth individuals, families, businesses and select institutions. Its segments include Private Banking, Wealth Management and Trust, Investment Management and Wealth Advisory.

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