Boston Private Financial Hldg Inc (NASDAQ:BPFH) – Analysts at Jefferies Financial Group decreased their FY2018 earnings per share estimates for Boston Private Financial in a research report issued on Tuesday, January 8th. Jefferies Financial Group analyst C. Haire now expects that the bank will post earnings of $0.92 per share for the year, down from their previous 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 posted its quarterly earnings data on Wednesday, October 17th. The bank reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Boston Private Financial had a return on equity of 11.27% and a net margin of 6.76%. The company had revenue of $91.96 million for the quarter, compared to analysts’ expectations of $92.03 million. During the same period in the previous year, the firm posted $0.22 EPS.

Several other research firms have also recently issued reports on BPFH. Zacks Investment Research cut Boston Private Financial from a “hold” rating to a “sell” rating in a report on Friday. BidaskClub upgraded Boston Private Financial from a “strong sell” rating to a “sell” rating in a report on Saturday, September 22nd. Three analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company presently has an average rating of “Sell” and a consensus price target of $15.33.

BPFH stock opened at $10.93 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 0.98. Boston Private Financial has a 12-month low of $10.00 and a 12-month high of $17.85. The stock has a market capitalization of $934.90 million, a P/E ratio of 12.42 and a beta of 0.94.

In other Boston Private Financial news, CEO David J. Kaye sold 27,498 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $13.05, for a total value of $358,848.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Paul M. Simons bought 10,560 shares of the firm’s stock in a transaction on Wednesday, December 12th. The stock was acquired at an average cost of $11.35 per share, for a total transaction of $119,856.00. Following the completion of the purchase, the executive vice president now directly owns 300 shares in the company, valued at $3,405. The disclosure for this purchase can be found here. Company insiders own 2.11% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BPFH. Alpine Woods Capital Investors LLC purchased a new position in Boston Private Financial in the 3rd quarter worth approximately $232,000. SG Americas Securities LLC purchased a new position in Boston Private Financial in the 2nd quarter worth approximately $255,000. Tower Research Capital LLC TRC lifted its stake in Boston Private Financial by 17,205.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 17,305 shares of the bank’s stock worth $275,000 after purchasing an additional 17,205 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Boston Private Financial by 21.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 22,693 shares of the bank’s stock valued at $310,000 after buying an additional 3,955 shares during the period. Finally, Ontario Teachers Pension Plan Board purchased a new stake in shares of Boston Private Financial during the 3rd quarter valued at approximately $396,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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