Q2 2018 Earnings Estimate for Boston Private Financial Hldg Inc Issued By SunTrust Banks (BPFH)

Boston Private Financial Hldg Inc (NASDAQ:BPFH) – Analysts at SunTrust Banks cut their Q2 2018 earnings per share estimates for shares of Boston Private Financial in a research note issued on Wednesday. SunTrust Banks analyst M. Young now anticipates that the bank will earn $0.21 per share for the quarter, down from their previous estimate of $0.22. SunTrust Banks currently has a “Hold” rating and a $17.00 target price on the stock.

Boston Private Financial (NASDAQ:BPFH) last released its quarterly earnings results on Wednesday, October 18th. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The company had revenue of $96.89 million during the quarter, compared to analysts’ expectations of $98.00 million. Boston Private Financial had a net margin of 18.44% and a return on equity of 10.03%.

BPFH has been the subject of a number of other reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $15.00 price target on shares of Boston Private Financial in a research report on Tuesday, October 3rd. Zacks Investment Research raised Boston Private Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. ValuEngine lowered Boston Private Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. BMO Capital Markets reissued a “hold” rating and issued a $15.00 price target on shares of Boston Private Financial in a research report on Thursday, October 5th. Finally, BidaskClub lowered Boston Private Financial from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Seven equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of $16.50.

Boston Private Financial (BPFH) traded down $0.30 during midday trading on Friday, reaching $15.80. The company had a trading volume of 251,048 shares, compared to its average volume of 366,555. The stock has a market cap of $1,300.00, a price-to-earnings ratio of 20.00 and a beta of 1.06. Boston Private Financial has a twelve month low of $13.95 and a twelve month high of $17.88. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.01 and a quick ratio of 1.01.

A number of large investors have recently made changes to their positions in the business. Royce & Associates LP grew its stake in Boston Private Financial by 12.3% in the 3rd quarter. Royce & Associates LP now owns 962,806 shares of the bank’s stock valued at $15,934,000 after purchasing an additional 105,316 shares during the period. Cramer Rosenthal Mcglynn LLC grew its stake in Boston Private Financial by 1.4% in the 3rd 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 period. Dimensional Fund Advisors LP grew its stake in Boston Private Financial by 0.5% in the 3rd 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 period. Schwab Charles Investment Management Inc. grew its stake in Boston Private Financial by 13.3% in the 3rd 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 period. Finally, Wells Fargo & Company MN grew its stake in Boston Private Financial by 37.0% in the 3rd 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 period. Hedge funds and other institutional investors own 90.48% of the company’s stock.

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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.

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

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