FY2018 EPS Estimates for Boston Private Financial Hldg Inc Lowered by Jefferies Financial Group (BPFH)

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Boston Private Financial Hldg Inc (NASDAQ:BPFH) – Jefferies Financial Group decreased their FY2018 EPS estimates for Boston Private Financial in a report issued on Tuesday, January 8th. Jefferies Financial Group analyst C. Haire now anticipates that the bank will post earnings per share of $0.92 for the year, down from their prior forecast of $0.93. Jefferies Financial Group also issued estimates for Boston Private Financial’s Q4 2018 earnings at $0.23 EPS and Q3 2019 earnings at $0.25 EPS.

Boston Private Financial (NASDAQ:BPFH) last announced its quarterly earnings data on Wednesday, October 17th. The bank reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.02. The business had revenue of $91.96 million during the quarter, compared to analysts’ expectations of $92.03 million. Boston Private Financial had a return on equity of 11.27% and a net margin of 6.76%. During the same quarter in the previous year, the business earned $0.22 earnings per share.

BPFH has been the subject of a number of other research reports. BidaskClub upgraded Boston Private Financial from a “strong sell” rating to a “sell” rating in a research note on Tuesday, December 25th. Zacks Investment Research cut Boston Private Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Boston Private Financial presently has an average rating of “Sell” and a consensus price target of $15.33.

Shares of NASDAQ:BPFH opened at $10.93 on Thursday. The firm has a market cap of $934.90 million, a price-to-earnings ratio of 12.42 and a beta of 0.94. Boston Private Financial has a 12-month low of $10.00 and a 12-month high of $17.85. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.98 and a quick ratio of 0.98.

Institutional investors have recently bought and sold shares of the business. Alpine Woods Capital Investors LLC bought a new stake in shares of Boston Private Financial in the third quarter worth $232,000. SG Americas Securities LLC bought a new stake in shares of Boston Private Financial in the second quarter worth $255,000. Tower Research Capital LLC TRC grew its holdings in shares of Boston Private Financial by 17,205.0% in the second quarter. Tower Research Capital LLC TRC now owns 17,305 shares of the bank’s stock worth $275,000 after acquiring an additional 17,205 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of Boston Private Financial by 21.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 22,693 shares of the bank’s stock worth $310,000 after acquiring an additional 3,955 shares during the period. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of Boston Private Financial in the third quarter worth $396,000. 93.44% of the stock is owned by institutional investors and hedge funds.

In other Boston Private Financial news, Director Stephen M. Waters sold 3,000 shares of Boston Private Financial stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $12.61, for a total value of $37,830.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Paul M. Simons bought 10,560 shares of Boston Private Financial stock in a transaction on Wednesday, December 12th. The stock was acquired at an average cost of $11.35 per share, with a total value of $119,856.00. Following the acquisition, the executive vice president now owns 300 shares in the company, valued at approximately $3,405. The disclosure for this purchase can be found here. 2.11% of the stock is currently owned by company insiders.

About Boston Private Financial

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.

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Earnings History and Estimates for Boston Private Financial (NASDAQ:BPFH)

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