FY2019 EPS Estimates for Boston Private Financial Hldg Inc Boosted by Analyst (BPFH)

Boston Private Financial Hldg Inc (NASDAQ:BPFH) – Research analysts at Jefferies Group increased their FY2019 earnings per share (EPS) estimates for Boston Private Financial in a report released on Tuesday. Jefferies Group analyst C. Haire now forecasts that the bank will post earnings per share of $1.03 for the year, up from their prior estimate of $1.02.

BPFH has been the subject of several other research reports. Sandler O’Neill set a $17.00 price objective on shares of Boston Private Financial and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Keefe, Bruyette & Woods restated a “hold” rating and set a $15.00 price objective on shares of Boston Private Financial in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Boston Private Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. SunTrust Banks set a $17.00 price objective on shares of Boston Private Financial and gave the stock a “hold” rating in a research report on Friday, November 17th. Finally, BMO Capital Markets restated a “hold” rating and set a $15.00 price objective on shares of Boston Private Financial in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Boston Private Financial has an average rating of “Hold” and an average price target of $16.58.

Shares of Boston Private Financial (NASDAQ:BPFH) traded up $0.15 during trading hours on Thursday, hitting $15.80. 524,924 shares of the stock traded hands, compared to its average volume of 441,219. The stock has a market cap of $1,330.00, a P/E ratio of 20.00 and a beta of 1.06. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.20. Boston Private Financial has a twelve month low of $13.95 and a twelve month high of $17.88.

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

A number of hedge funds have recently added to or reduced their stakes in BPFH. Macquarie Group Ltd. raised its position in Boston Private Financial by 16.0% in the 3rd quarter. Macquarie Group Ltd. now owns 3,300,725 shares of the bank’s stock valued at $54,627,000 after purchasing an additional 454,411 shares during the last quarter. Cramer Rosenthal Mcglynn LLC raised its position in Boston Private Financial by 23.8% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,371,985 shares of the bank’s stock valued at $21,060,000 after purchasing an additional 263,548 shares during the last quarter. State Street Corp raised its position in Boston Private Financial by 8.0% in the 2nd quarter. State Street Corp now owns 2,916,019 shares of the bank’s stock valued at $44,759,000 after purchasing an additional 216,580 shares during the last quarter. American Century Companies Inc. raised its position in Boston Private Financial by 13.6% in the 3rd quarter. American Century Companies Inc. now owns 1,387,100 shares of the bank’s stock valued at $22,957,000 after purchasing an additional 165,840 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Boston Private Financial by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 7,743,515 shares of the bank’s stock valued at $118,863,000 after purchasing an additional 152,086 shares during the last quarter. Hedge funds and other institutional investors own 90.48% of the company’s stock.

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About Boston Private Financial

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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