Boston Private Financial Hldg Inc (BPFH) Receives $16.38 Average Target Price from Analysts

Shares of Boston Private Financial Hldg Inc (NASDAQ:BPFH) have been given an average rating of “Hold” by the eight analysts that are covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $16.50.

Several analysts recently weighed in on the company. Zacks Investment Research upgraded Boston Private Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 price objective on shares of Boston Private Financial in a research report on Tuesday, October 3rd. BMO Capital Markets restated a “hold” rating and set a $15.00 price objective on shares of Boston Private Financial in a research report on Thursday, October 5th. BidaskClub downgraded Boston Private Financial from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, SunTrust Banks set a $17.00 price objective on Boston Private Financial and gave the stock a “hold” rating in a research report on Friday, November 17th.

Boston Private Financial (NASDAQ:BPFH) traded up $0.10 on Tuesday, hitting $15.25. The stock had a trading volume of 261,254 shares, compared to its average volume of 363,850. The firm has a market cap of $1,267.82, a price-to-earnings ratio of 17.73 and a beta of 1.06. Boston Private Financial has a 12 month low of $13.95 and a 12 month 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 (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). Boston Private Financial had a return on equity of 10.03% and a net margin of 18.44%. The company had revenue of $96.89 million for the quarter, compared to analyst estimates of $98.00 million. equities analysts anticipate that Boston Private Financial will post 0.89 EPS for the current year.

Several hedge funds have recently made changes to their positions in the stock. Royce & Associates LP lifted its position in shares of Boston Private Financial by 12.3% during the 3rd quarter. Royce & Associates LP now owns 962,806 shares of the bank’s stock worth $15,934,000 after buying an additional 105,316 shares during the last quarter. Cramer Rosenthal Mcglynn LLC raised its position in Boston Private Financial by 1.4% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,390,850 shares of the bank’s stock valued at $23,019,000 after purchasing an additional 18,865 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Boston Private Financial by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 5,315,058 shares of the bank’s stock valued at $87,964,000 after purchasing an additional 27,894 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Boston Private Financial by 13.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 541,482 shares of the bank’s stock valued at $8,962,000 after purchasing an additional 63,490 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Boston Private Financial by 37.0% in the third quarter. Wells Fargo & Company MN now owns 124,524 shares of the bank’s stock valued at $2,061,000 after purchasing an additional 33,640 shares during the last quarter. Institutional investors and hedge funds own 90.48% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Boston Private Financial Hldg Inc (BPFH) Receives $16.38 Average Target Price from Analysts” was posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://transcriptdaily.com/2018/01/06/boston-private-financial-hldg-inc-bpfh-receives-16-38-average-target-price-from-analysts.html.

Boston Private Financial 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.

Analyst Recommendations for Boston Private Financial (NASDAQ:BPFH)

Receive News & Ratings for Boston Private Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Private Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply