FY2017 EPS Estimates for Boston Private Financial Hldg Inc Lowered by Analyst (BPFH)

Boston Private Financial Hldg Inc (NASDAQ:BPFH) – Jefferies Group dropped their FY2017 earnings estimates for shares of Boston Private Financial in a report released on Tuesday. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings of $0.68 per share for the year, down from their previous estimate of $0.89. Jefferies Group also issued estimates for Boston Private Financial’s Q4 2017 earnings at $0.02 EPS, Q1 2018 earnings at $0.38 EPS, Q2 2018 earnings at $0.22 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.24 EPS and FY2018 earnings at $1.09 EPS.

A number of other research analysts have also recently commented on BPFH. Zacks Investment Research cut Boston Private Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 price target on shares of Boston Private Financial in a research note on Tuesday, October 3rd. BMO Capital Markets restated a “hold” rating and set a $15.00 price target on shares of Boston Private Financial in a research note on Thursday, October 5th. SunTrust Banks set a $17.00 price target on Boston Private Financial and gave the stock a “hold” rating in a research note on Friday, November 17th. Finally, BidaskClub cut Boston Private Financial from a “buy” rating to a “hold” rating in a research note on Thursday, December 7th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.58.

Boston Private Financial (BPFH) opened at $15.65 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.01 and a current ratio of 1.01. Boston Private Financial has a 52 week low of $13.95 and a 52 week high of $17.88. The company has a market capitalization of $1,320.00, a price-to-earnings ratio of 19.81 and a beta of 1.06.

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). 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 for the quarter, compared to analyst estimates of $98.00 million.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Amalgamated Bank raised its stake in shares of Boston Private Financial by 2.6% in the second quarter. Amalgamated Bank now owns 11,386 shares of the bank’s stock valued at $175,000 after acquiring an additional 290 shares in the last quarter. Nationwide Fund Advisors raised its stake in shares of Boston Private Financial by 0.6% in the second 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 raised its stake in shares of Boston Private Financial by 0.9% in the second 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 raised its stake in shares of Boston Private Financial by 2.5% in the second 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 raised its stake in shares of Boston Private Financial by 32.3% in the second 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. Institutional investors and hedge funds 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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