Boston Private Financial Hldg Inc to Post FY2017 Earnings of $0.68 Per Share, Jefferies Group Forecasts (BPFH)

Boston Private Financial Hldg Inc (NASDAQ:BPFH) – Equities research analysts at Jefferies Group cut their FY2017 earnings estimates for Boston Private Financial in a note issued to investors 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 prior forecast 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.

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

Other equities analysts have also issued research reports about the company. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $16.50 price objective on shares of Boston Private Financial in a research note on Friday, December 22nd. Zacks Investment Research raised Boston Private Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. BMO Capital Markets reissued a “hold” rating and issued a $15.00 price objective on shares of Boston Private Financial in a research note on Thursday, October 5th. Sandler O’Neill set a $17.00 price target on Boston Private Financial and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Finally, BidaskClub lowered 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 assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $16.58.

Boston Private Financial (BPFH) opened at $15.80 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $1,330.00, a price-to-earnings ratio of 20.00 and a beta of 1.06. Boston Private Financial has a one year low of $13.95 and a one year high of $17.88.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Boston Private Financial by 2.0% during the second quarter. Vanguard Group Inc. now owns 7,743,515 shares of the bank’s stock valued at $118,863,000 after acquiring an additional 152,086 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Boston Private Financial by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 5,315,058 shares of the bank’s stock valued at $87,964,000 after acquiring an additional 27,894 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Boston Private Financial by 16.0% during the third quarter. Macquarie Group Ltd. now owns 3,300,725 shares of the bank’s stock valued at $54,627,000 after acquiring an additional 454,411 shares during the period. State Street Corp lifted its stake in shares of Boston Private Financial by 8.0% during the second quarter. State Street Corp now owns 2,916,019 shares of the bank’s stock valued at $44,759,000 after acquiring an additional 216,580 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Boston Private Financial by 1.7% during the second quarter. Northern Trust Corp now owns 1,688,529 shares of the bank’s stock valued at $25,919,000 after acquiring an additional 28,539 shares during the period. 90.48% of the stock is currently owned by institutional investors and hedge funds.

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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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