Jefferies Group Weighs in on Boston Private Financial Hldg Inc’s FY2019 Earnings (BPFH)

Boston Private Financial Hldg Inc (NASDAQ:BPFH) – Analysts at Jefferies Group boosted their FY2019 EPS 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 per share of $1.03 for the year, up from their previous forecast of $1.02.

Boston Private Financial (NASDAQ:BPFH) last issued its quarterly earnings data on Wednesday, October 18th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%.

Several other research firms have also recently weighed in on BPFH. BidaskClub cut Boston Private Financial from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. BMO Capital Markets reaffirmed a “hold” rating and issued a $15.00 price target on shares of Boston Private Financial in a report on Thursday, October 5th. Zacks Investment Research cut Boston Private Financial from a “hold” rating to a “sell” rating in a report on Monday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $16.50 price target on shares of Boston Private Financial in a report on Friday, December 22nd. Finally, SunTrust Banks set a $17.00 price target on Boston Private Financial and gave the company a “hold” rating in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $16.58.

Shares of Boston Private Financial (NASDAQ BPFH) traded up $0.15 on Thursday, reaching $15.80. The company had a trading volume of 524,924 shares, compared to its average volume of 463,544. The stock has a market cap of $1,320.00, a PE ratio of 20.00 and a beta of 1.06. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.01 and a quick ratio of 1.01. Boston Private Financial has a twelve month low of $13.95 and a twelve month high of $17.88.

Several large investors have recently added to or reduced their stakes in the business. Royce & Associates LP raised its holdings in shares of Boston Private Financial by 12.3% in the 3rd quarter. Royce & Associates LP now owns 962,806 shares of the bank’s stock valued at $15,934,000 after acquiring an additional 105,316 shares in the last quarter. Cramer Rosenthal Mcglynn LLC increased its position in shares of Boston Private Financial by 1.4% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,390,850 shares of the bank’s stock valued at $23,019,000 after purchasing an additional 18,865 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Boston Private Financial by 0.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,315,058 shares of the bank’s stock valued at $87,964,000 after purchasing an additional 27,894 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Boston Private Financial by 13.3% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 541,482 shares of the bank’s stock valued at $8,962,000 after purchasing an additional 63,490 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Boston Private Financial by 37.0% during the 3rd quarter. Wells Fargo & Company MN now owns 124,524 shares of the bank’s stock valued at $2,061,000 after purchasing an additional 33,640 shares during the last quarter. 90.48% of the stock is currently owned by hedge funds and other institutional investors.

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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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