Boston Private Financial Hldg Inc (BPFH) Expected to Earn Q1 2018 Earnings of $0.50 Per Share

Boston Private Financial Hldg Inc (NASDAQ:BPFH) – Investment analysts at Jefferies Group increased their Q1 2018 earnings per share (EPS) estimates for Boston Private Financial in a note issued to investors on Friday. Jefferies Group analyst C. Haire now expects that the bank will post earnings per share of $0.50 for the quarter, up from their prior estimate of $0.38. Jefferies Group also issued estimates for Boston Private Financial’s Q2 2018 earnings at $0.23 EPS, Q3 2018 earnings at $0.27 EPS, Q4 2018 earnings at $0.26 EPS and FY2018 earnings at $1.26 EPS.

BPFH has been the topic of several other research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $16.00 price objective on shares of Boston Private Financial in a research report on Friday. Sandler O’Neill set a $17.00 price objective on Boston Private Financial and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded Boston Private Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. SunTrust Banks set a $17.00 price target on Boston Private Financial and gave the stock a “hold” rating in a research report on Friday, November 17th. Finally, BMO Capital Markets restated a “hold” rating and issued a $15.00 price target on shares of Boston Private Financial in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Boston Private Financial has an average rating of “Hold” and an average price target of $16.50.

Boston Private Financial (BPFH) opened at $15.60 on Monday. The company has a current ratio of 1.00, a quick ratio of 1.01 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $1,313.66, a price-to-earnings ratio of 36.28 and a beta of 1.06. Boston Private Financial has a 12-month low of $13.95 and a 12-month high of $17.88.

Boston Private Financial (NASDAQ:BPFH) last announced its quarterly earnings results on Wednesday, January 17th. The bank reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $96.45 million for the quarter, compared to analyst estimates of $100.07 million. Boston Private Financial had a net margin of 9.58% and a return on equity of 9.95%. During the same period in the prior year, the business earned $0.24 EPS.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Friday, February 2nd will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.08%. This is a positive change from Boston Private Financial’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, February 1st. Boston Private Financial’s dividend payout ratio (DPR) is presently 102.33%.

Several hedge funds have recently made changes to their positions in BPFH. Macquarie Group Ltd. boosted 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 purchasing an additional 454,411 shares in the last quarter. Cramer Rosenthal Mcglynn LLC boosted its stake in shares of Boston Private Financial by 23.8% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,371,985 shares of the bank’s stock valued at $21,060,000 after purchasing an additional 263,548 shares in the last quarter. State Street Corp boosted 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 purchasing an additional 216,580 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Boston Private Financial by 13.6% during the third quarter. American Century Companies Inc. now owns 1,387,100 shares of the bank’s stock valued at $22,957,000 after purchasing an additional 165,840 shares in the last quarter. Finally, Vanguard Group Inc. boosted 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 purchasing an additional 152,086 shares in the last quarter. 91.28% 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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