FY2018 EPS Estimates for Boston Private Financial Holdings, Inc. Increased by Analyst (BPFH)

Boston Private Financial Holdings, Inc. (NASDAQ:BPFH) – Equities research analysts at Jefferies Group upped their FY2018 earnings per share (EPS) estimates for shares of Boston Private Financial Holdings in a report released on Monday. Jefferies Group analyst C. Haire now expects that the bank will post earnings of $0.93 per share for the year, up from their prior forecast of $0.92. Jefferies Group currently has a “Hold” rating and a $17.00 target price on the stock. Jefferies Group also issued estimates for Boston Private Financial Holdings’ FY2019 earnings at $0.98 EPS.

Other equities analysts have also recently issued research reports about the stock. ValuEngine raised shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research raised shares of Boston Private Financial Holdings from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Tuesday, July 4th. BidaskClub cut shares of Boston Private Financial Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BMO Capital Markets reissued a “hold” rating and issued a $15.00 target price on shares of Boston Private Financial Holdings in a report on Thursday, October 5th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.00 target price on shares of Boston Private Financial Holdings in a report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The stock has an average rating of “Hold” and a consensus target price of $15.40.

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Boston Private Financial Holdings (NASDAQ:BPFH) traded up 0.30% during mid-day trading on Tuesday, hitting $16.85. The stock had a trading volume of 71,264 shares. The stock has a market cap of $1.42 billion, a P/E ratio of 19.85 and a beta of 1.09. The company has a 50 day moving average price of $15.32 and a 200 day moving average price of $15.40. Boston Private Financial Holdings has a one year low of $12.45 and a one year high of $17.88.

Boston Private Financial Holdings (NASDAQ:BPFH) last posted its earnings results on Wednesday, July 26th. The bank reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.05. Boston Private Financial Holdings had a return on equity of 10.16% and a net margin of 18.86%. The business had revenue of $94.37 million for the quarter, compared to analysts’ expectations of $95.70 million.

Several large investors have recently made changes to their positions in BPFH. Russell Investments Group Ltd. acquired a new stake in shares of Boston Private Financial Holdings in the first quarter valued at approximately $530,000. Bank of New York Mellon Corp increased its stake in shares of Boston Private Financial Holdings by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,390,310 shares of the bank’s stock valued at $22,801,000 after purchasing an additional 14,659 shares during the period. Comerica Bank increased its stake in shares of Boston Private Financial Holdings by 5.0% in the first quarter. Comerica Bank now owns 92,873 shares of the bank’s stock valued at $1,486,000 after purchasing an additional 4,401 shares during the period. Karp Capital Management Corp acquired a new stake in shares of Boston Private Financial Holdings in the first quarter valued at approximately $646,000. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Boston Private Financial Holdings by 30.5% in the first quarter. Parametric Portfolio Associates LLC now owns 178,795 shares of the bank’s stock valued at $2,932,000 after purchasing an additional 41,796 shares during the period. Institutional investors own 90.62% of the company’s stock.

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.

Earnings History and Estimates for Boston Private Financial Holdings (NASDAQ:BPFH)

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