Q1 2018 EPS Estimates for Boston Private Financial Hldg Inc Increased by Jefferies Group (BPFH)

Boston Private Financial Hldg Inc (NASDAQ:BPFH) – Investment analysts at Jefferies Group lifted their Q1 2018 earnings per share estimates for Boston Private Financial in a research note issued to investors on Wednesday, April 4th. Jefferies Group analyst C. Haire now anticipates that the bank will earn $0.21 per share for the quarter, up from their previous forecast of $0.19. Jefferies Group also issued estimates for Boston Private Financial’s FY2018 earnings at $0.95 EPS.

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Boston Private Financial (NASDAQ:BPFH) last released its quarterly earnings data on Wednesday, January 17th. The bank reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The firm had revenue of $96.45 million for the quarter, compared to analyst estimates of $100.07 million. Boston Private Financial had a return on equity of 9.95% and a net margin of 9.58%. During the same quarter in the previous year, the company earned $0.24 earnings per share.

BPFH has been the subject of a number of other reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $16.00 price objective on shares of Boston Private Financial in a report on Friday, January 19th. BidaskClub downgraded Boston Private Financial from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Sandler O’Neill set a $17.00 price objective on Boston Private Financial and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Zacks Investment Research downgraded Boston Private Financial from a “hold” rating to a “sell” rating in a report on Monday, January 8th. Finally, ValuEngine upgraded Boston Private Financial from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Boston Private Financial currently has an average rating of “Hold” and a consensus price target of $16.50.

BPFH stock opened at $15.40 on Friday. The firm has a market cap of $1,291.19, a PE ratio of 17.50 and a beta of 0.96. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.00 and a quick ratio of 1.00. Boston Private Financial has a 52 week low of $13.95 and a 52 week high of $17.20.

A number of hedge funds and other institutional investors have recently made changes to their positions in BPFH. BlackRock Inc. increased its holdings in Boston Private Financial by 5.4% in the 4th quarter. BlackRock Inc. now owns 11,171,967 shares of the bank’s stock valued at $172,607,000 after purchasing an additional 575,050 shares in the last quarter. Standard Life Aberdeen plc grew its stake in shares of Boston Private Financial by 9.5% during the fourth quarter. Standard Life Aberdeen plc now owns 4,016,809 shares of the bank’s stock valued at $62,060,000 after acquiring an additional 349,673 shares in the last quarter. Thrivent Financial For Lutherans grew its stake in shares of Boston Private Financial by 29.7% during the fourth quarter. Thrivent Financial For Lutherans now owns 882,488 shares of the bank’s stock valued at $13,635,000 after acquiring an additional 201,867 shares in the last quarter. Cramer Rosenthal Mcglynn LLC grew its stake in shares of Boston Private Financial by 10.2% during the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 1,532,820 shares of the bank’s stock valued at $23,682,000 after acquiring an additional 141,970 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of Boston Private Financial by 7.4% during the fourth quarter. Millennium Management LLC now owns 1,732,971 shares of the bank’s stock valued at $26,774,000 after acquiring an additional 119,188 shares in the last quarter. Hedge funds and other institutional investors own 92.49% of the company’s stock.

In related news, Director John Morton III sold 35,057 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $15.46, for a total value of $541,981.22. Following the completion of the sale, the director now directly owns 42,512 shares in the company, valued at approximately $657,235.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Corey Griffin purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, January 30th. The stock was bought at an average price of $15.19 per share, with a total value of $75,950.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 33,255 shares of company stock valued at $507,486. 2.11% of the stock is owned by insiders.

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Boston Private Financial Company Profile

Boston Private Financial Holdings, Inc operates as the bank holding company for Boston Private Bank & Trust Company that provides a range of banking services in the United States. The company operates through four segments: 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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