Boston Private Financial Holdings, Inc. (BPFH) Given a $17.00 Price Target at SunTrust Banks, Inc.

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

Several other research firms have also weighed in on BPFH. Zacks Investment Research raised Boston Private Financial Holdings from a sell rating to a hold rating in a research report on Tuesday, October 10th. Keefe, Bruyette & Woods reissued a hold rating and issued a $15.00 price objective on shares of Boston Private Financial Holdings in a research report on Tuesday, October 3rd. BMO Capital Markets reissued a hold rating and issued a $15.00 price objective on shares of Boston Private Financial Holdings in a research report on Thursday, October 5th. Jefferies Group LLC reissued a hold rating and issued a $17.00 price objective on shares of Boston Private Financial Holdings in a research report on Friday, August 11th. Finally, ValuEngine lowered Boston Private Financial Holdings from a buy rating to a hold rating in a research report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $16.20.

Boston Private Financial Holdings (NASDAQ BPFH) remained flat at $$15.50 during mid-day trading on Friday. The stock had a trading volume of 166,797 shares, compared to its average volume of 302,196. Boston Private Financial Holdings has a twelve month low of $13.95 and a twelve 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. The stock has a market capitalization of $1,300.00, a P/E ratio of 17.64 and a beta of 1.06.

Boston Private Financial Holdings (NASDAQ:BPFH) last posted its quarterly earnings data on Wednesday, October 18th. The bank reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). Boston Private Financial Holdings had a return on equity of 9.28% and a net margin of 20.32%. The business had revenue of $96.89 million during the quarter, compared to the consensus estimate of $98.00 million. research analysts forecast that Boston Private Financial Holdings will post 0.89 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://ledgergazette.com/2017/11/18/boston-private-financial-holdings-inc-bpfh-given-a-17-00-price-target-at-suntrust-banks-inc.html.

The company also recently announced a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Friday, November 3rd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Thursday, November 2nd. Boston Private Financial Holdings’s payout ratio is 55.70%.

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Boston Private Financial Holdings by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 7,743,515 shares of the bank’s stock valued at $118,863,000 after buying an additional 152,086 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Boston Private Financial Holdings by 6.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 489,902 shares of the bank’s stock valued at $8,035,000 after buying an additional 29,297 shares in the last quarter. Victory Capital Management Inc. increased its position in Boston Private Financial Holdings by 28.4% in the 2nd quarter. Victory Capital Management Inc. now owns 1,186,426 shares of the bank’s stock valued at $18,212,000 after buying an additional 262,435 shares in the last quarter. Washington Trust Bank bought a new stake in Boston Private Financial Holdings in the 2nd quarter valued at about $259,000. Finally, Laurion Capital Management LP bought a new stake in Boston Private Financial Holdings in the 2nd quarter valued at about $483,000. 89.74% of the stock is owned by institutional investors and hedge funds.

About Boston Private Financial Holdings

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.

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply