Equities Analysts Issue Forecasts for Boston Private Financial Hldg Inc’s Q4 2017 Earnings (BPFH)

Boston Private Financial Hldg Inc (NASDAQ:BPFH) – Stock analysts at Jefferies Group dropped their Q4 2017 EPS estimates for shares of Boston Private Financial in a note issued to investors on Monday. Jefferies Group analyst C. Haire now expects that the bank will post earnings of $0.22 per share for the quarter, down from their previous estimate of $0.23.

Boston Private Financial (NASDAQ:BPFH) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $96.89 million during the quarter, compared to analyst estimates of $98.00 million.

A number of other equities analysts have also commented on the stock. SunTrust Banks set a $17.00 price objective on shares of Boston Private Financial and gave the stock a “hold” rating in a report on Friday, November 17th. BMO Capital Markets reiterated a “hold” rating and issued a $15.00 price objective on shares of Boston Private Financial in a report on Thursday, October 5th. Zacks Investment Research upgraded shares of Boston Private Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub cut shares of Boston Private Financial from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.50 price objective on shares of Boston Private Financial in a report on Friday, December 22nd. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $16.58.

Boston Private Financial (NASDAQ BPFH) opened at $15.20 on Tuesday. Boston Private Financial has a 1-year low of $13.95 and a 1-year 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. The company has a market cap of $1,280.00, a price-to-earnings ratio of 19.24 and a beta of 1.06.

A number of hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank lifted its stake in Boston Private Financial by 2.6% during the second quarter. Amalgamated Bank now owns 11,386 shares of the bank’s stock valued at $175,000 after purchasing an additional 290 shares during the last quarter. Nationwide Fund Advisors lifted its position in shares of Boston Private Financial by 0.6% in the 2nd quarter. Nationwide Fund Advisors now owns 70,809 shares of the bank’s stock valued at $1,087,000 after acquiring an additional 397 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of Boston Private Financial by 0.9% in the 2nd quarter. Teachers Advisors LLC now owns 148,221 shares of the bank’s stock valued at $2,275,000 after acquiring an additional 1,317 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Boston Private Financial by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 64,077 shares of the bank’s stock valued at $984,000 after acquiring an additional 1,547 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Boston Private Financial by 32.3% in the 2nd quarter. Nordea Investment Management AB now owns 12,700 shares of the bank’s stock valued at $195,000 after acquiring an additional 3,100 shares in the last quarter. 90.48% of the stock is owned by institutional investors and hedge funds.

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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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