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.
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 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.
WARNING: “Q1 2018 EPS Estimates for Boston Private Financial Hldg Inc Increased by Jefferies Group (BPFH)” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.tickerreport.com/banking-finance/3334421/q1-2018-eps-estimates-for-boston-private-financial-hldg-inc-increased-by-jefferies-group-bpfh.html.
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.
Receive News & Ratings for Boston Private Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boston Private Financial and related companies with MarketBeat.com's FREE daily email newsletter.