Boston Private Financial Hldg Inc (NASDAQ:BPFH)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Group LLC in a research note issued to investors on Tuesday. They presently have a $17.00 price objective on the bank’s stock. Jefferies Group LLC’s price target would indicate a potential upside of 6.25% from the company’s current price.
Several other equities analysts have also commented on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $18.00 target price on shares of Boston Private Financial Hldg in a report on Wednesday, March 22nd. Zacks Investment Research lowered shares of Boston Private Financial Hldg from a “hold” rating to a “sell” rating in a report on Tuesday, March 21st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.20.
Boston Private Financial Hldg (NASDAQ:BPFH) traded up 2.19% during midday trading on Tuesday, hitting $16.35. The stock had a trading volume of 242,331 shares. Boston Private Financial Hldg has a 1-year low of $10.77 and a 1-year high of $17.88. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 20.26 and a beta of 1.07. The company’s 50 day moving average is $16.39 and its 200 day moving average is $15.59.
Boston Private Financial Hldg (NASDAQ:BPFH) last released its earnings results on Wednesday, January 18th. The bank reported $0.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.03. Boston Private Financial Hldg had a net margin of 18.24% and a return on equity of 10.05%. The company had revenue of $95.48 million for the quarter, compared to analyst estimates of $92.37 million. During the same quarter last year, the firm earned $0.17 EPS. On average, equities analysts anticipate that Boston Private Financial Hldg will post $0.91 earnings per share for the current fiscal year.
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In other Boston Private Financial Hldg news, CEO Clayton Deutsch sold 25,000 shares of the firm’s stock in a transaction dated Friday, January 27th. The shares were sold at an average price of $16.59, for a total transaction of $414,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.10% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new stake in shares of Boston Private Financial Hldg during the fourth quarter valued at about $174,000. Capstone Investment Advisors LLC acquired a new stake in shares of Boston Private Financial Hldg during the fourth quarter valued at about $174,000. Fox Run Management L.L.C. acquired a new stake in shares of Boston Private Financial Hldg during the first quarter valued at about $208,000. Trexquant Investment LP acquired a new stake in shares of Boston Private Financial Hldg during the fourth quarter valued at about $299,000. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of Boston Private Financial Hldg by 0.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 18,540 shares of the bank’s stock valued at $238,000 after buying an additional 70 shares during the period. Institutional investors own 92.47% of the company’s stock.
Boston Private Financial Hldg 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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