Boston Private Financial Hldg Price Target Lowered to $12.00 at Keefe …

Boston Private Financial Hldg (NASDAQ:BPFH) had its price objective trimmed by Keefe, Bruyette Woods from $12.50 to $12.00 in a research note published on Friday, reports.

Other research analysts have also issued reports about the company. Jefferies Group lifted their price objective on Boston Private Financial Hldg from $14.00 to $15.00 in a research report on Thursday, July 2nd. Zacks lowered Boston Private Financial Hldg from a buy rating to a hold rating in a research report on Friday, July 17th. BMO Capital Markets cut their price target on Boston Private Financial Hldg from $14.00 to $13.00 and set a market perform rating for the company in a research note on Wednesday, August 26th. RBC Capital cut their target price on Boston Private Financial Hldg from $13.00 to $12.00 and set a sector perform rating on the stock in a research note on Friday, October 23rd. Finally, Sandler O’Neill dropped their price objective on Boston Private Financial Hldg from $13.50 to $12.50 in a research note on Friday, October 2nd. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $13.94.

Boston Private Financial Hldg (NASDAQ:BPFH) traded down 0.26% during midday trading on Friday, reaching $11.72. The company had a trading volume of 908,645 shares. Boston Private Financial Hldg has a 12-month low of $10.55 and a 12-month high of $13.82. The stock has a 50-day moving average price of $11.72 and a 200 day moving average price of $12.46. The company has a market capitalization of $980.32 million and a PE ratio of 16.39.

Boston Private Financial Hldg (NASDAQ:BPFH) last announced its earnings results on Wednesday, October 21st. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The company earned $85.90 million during the quarter, compared to analyst estimates of $47.46 million. During the same period in the prior year, the company posted $0.22 earnings per share. Equities analysts forecast that Boston Private Financial Hldg will post $0.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Friday, November 6th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, November 4th. This represents a $0.36 dividend on an annualized basis and a yield of 3.07%.

In related news, CEO Clayton Deutsch sold 30,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $11.80, for a total value of $354,000.00. Following the completion of the transaction, the chief executive officer now directly owns 807,046 shares in the company, valued at $9,523,142.80. The sale was disclosed in a document filed with the Securities Exchange Commission, which can be accessed through this hyperlink.

Boston Private Financial Holdings, Inc. is the bank holding company of Boston Private Bank Trust Company. It’s a wealth management company which supplies a variety of wealth management services to high net worth individuals, families, companies, and select associations. The Organization conducts its business through its four segments: Investment Management, Wealth Management and Trust, Private Banking and Wealth Advisory. The Private Banking segment is engaged in providing private banking services to nonprofit organizations, private partnerships, and high net-worth individuals, privately owned companies. The Wealth Management and Trust segment provides wealth management solutions for families and high net worth individuals. The Investment Managers specialize in equity portfolios with products around the capitalization spectrum. The Wealth Advisory section supplies planning-based financial strategies to high net-worth individuals as well as their families and non-profit associations.

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Friday, October 30th, 2015 EN

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